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Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

3,675.50GBp
14 Dec 2018
Change (% chg)

-59.00 (-1.58%)
Prev Close
3,734.50
Open
3,661.00
Day's High
3,689.50
Day's Low
3,639.50
Volume
3,908,369
Avg. Vol
4,092,822
52-wk High
4,541.00
52-wk Low
3,399.00

Latest Key Developments (Source: Significant Developments)

Atalaya Mining Updates On Result Of Appeal In Astor Case
Thursday, 1 Nov 2018 08:25am EDT 

Nov 1 (Reuters) - Atalaya Mining PLC ::ATALAYA MINING PLC - RESULT OF APPEAL.ATALAYA MINING PLC - JUDGMENT WAS HANDED DOWN IN ASTOR CASE IN COURT OF APPEAL EARLIER TODAY.ATALAYA MINING PLC - COURT OF APPEAL CONFIRMED RULING FROM HIGH COURT MADE ON 6 MARCH 2017, WHICH WAS ANNOUNCED BY COMPANY.ATALAYA - OTHER THAN $10 MILLION A YEAR REQUIRED FOR NON-PROYECTO RIOTINTO EXPENSES, ATALAYA RIOTINTO CANNOT MAKE MONEY DISTRIBUTION LENT BY HOLDING CO.ATALAYA - WILL NOT ASK FOR PERMISSION TO APPEAL FOR ASTOR CASE AND EXCESS CASH WILL BE USED TO PAY DEFERRED CONSIDERATION.  Full Article

Rio Tinto Posts Qtrly Pilbara Iron Ore Shipments (100 Pct Basis) Of 81.9 Mt
Monday, 15 Oct 2018 05:27pm EDT 

Oct 16 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 82.5 MT VERSUS 85.0 MT A YEAR AGO.QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 81.9 MT VERSUS 85.8 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 159.7 KT VERSUS 120.6 KT A YEAR AGO.QTRLY ALUMINIUM PRODUCTION 880 KT VERSUS 887 KT A YEAR AGO.EXPECTED SHARE OF MINED COPPER PRODUCTION FOR 2018 EXPECTED TO BE AT UPPER END OF PREVIOUSLY PUBLISHED RANGE.EXPECTED SHARE OF BAUXITE PRODUCTION IN 2018 HAS BEEN REVISED TO UPPER END OF PREVIOUS GUIDANCE RANGE AT BETWEEN 50 AND 51 MILLION TONNES.FY18 ALUMINIUM GUIDANCE IS REVISED TO BETWEEN 3.4 AND 3.5 MILLION TONNES (PREVIOUSLY 3.5 TO 3.7 MILLION TONNES),.PILBARA SHIPMENTS IN 2018 EXPECTED TO BE AT UPPER END OF EXISTING GUIDANCE RANGE (330 TO 340 MILLION TONNES, 100 PER CENT BASIS)..HIGHER THERMAL COAL PRICES ARE EXPECTED TO HAVE A $100 MILLION NEGATIVE IMPACT IN 2018 FOR THE PACIFIC ALUMINIUM SMELTERS..  Full Article

Atalaya Mining Confirms It Is Reviewing Strategic Options
Friday, 12 Oct 2018 01:33am EDT 

Oct 12 (Reuters) - Atalaya Mining PLC ::CONFIRMS THAT IT IS UNDERTAKING A REVIEW TO EVALUATE COMPANY'S STRATEGIC OPTIONS.CONTINUES TO EXECUTE ON ITS CURRENT BUSINESS PLAN, WHICH INCLUDES EXPANSION AT PROYECTO RIOTINTO AND DEVELOPMENT OF PROYECTO TOURO.  Full Article

Rio Tinto unveils $3.2 bln post-tax coal disposal proceeds to shareholders
Thursday, 20 Sep 2018 02:01am EDT 

Sept 20 (Reuters) - Rio Tinto Plc ::RIO TINTO TODAY UNVEILS DETAILS OF HOW IT INTENDS TO RETURN APPROXIMATELY $3.2 BILLION OF POST-TAX COAL DISPOSAL PROCEEDS TO ITS SHAREHOLDERS..PROCEEDS WILL BE RETURNED THROUGH A $3.2 BILLION SHARE BUY-BACK PROGRAMME, COMBINING AN OFF-MARKET BUY-BACK TENDER TARGETING UP TO 41.2 MILLION RIO TINTO LIMITED SHARES.RIO TINTO CHIEF EXECUTIVE J-S JACQUES SAID "RETURNING $3.2 BILLION OF COAL DISPOSAL PROCEEDS DEMONSTRATES OUR COMMITMENT TO CAPITAL DISCIPLINE AND PROVIDING SECTOR LEADING SHAREHOLDER RETURNS..RIO TINTO LIMITED WILL TARGET COMPLETION OF OFF-MARKET PURCHASE OF UP TO 41.2 MILLION OF ITS SHARES IN 2018.AGGREGATE MAXIMUM CONSIDERATION AND TIMING OF NEW ON-MARKET PURCHASES BY RIO TINTO PLC UNDER PROGRAMME WILL BE ANNOUNCED FOLLOWING COMPLETION OF OFF-MARKET BUY-BACK TENDER FOR RIO TINTO LIMITED SHARES, WHICH IS EXPECTED TO BE ON 12 NOVEMBER 2018.  Full Article

Rio Tinto Announces Details Of New Share Buy-Back Programme
Wednesday, 19 Sep 2018 06:30pm EDT 

Sept 20 (Reuters) - Rio Tinto Ltd ::RIO TINTO UNVEILS DETAILS OF NEW SHARE BUY-BACK PROGRAMME.UNVEILS DETAILS OF HOW IT INTENDS TO RETURN ABOUT $3.2 BILLION OF POST-TAX COAL DISPOSAL PROCEEDS TO ITS SHAREHOLDERS.RIO TINTO LIMITED WILL TARGET COMPLETION OF OFF-MARKET PURCHASE OF UP TO 41.2 MILLION OF ITS SHARES IN 2018.  Full Article

Rio Tinto Says Hydro Drops Offer To Buy Co's Aluminium Assets
Friday, 14 Sep 2018 08:58am EDT 

Sept 17 (Reuters) - Rio Tinto Ltd ::HYDRO TERMINATES OFFER FOR ALUMINIUM ASSETS-RIO.AX.INFORMED BY HYDRO THAT IT HAS WITHDRAWN OFFER TO BUY ISAL SMELTER IN ICELAND, ITS 53.3% SHARE IN ALUCHEMIE ANODE PLANT IN NETHERLANDS.INFORMED BY HYDRO THAT IT HAS WITHDRAWN OFFER TO BUY ITS 50 PER CENT SHARE IN ALUMINIUM FLUORIDE PLANT IN SWEDEN.  Full Article

Freeport says terms of new Indonesian agreement positive
Thursday, 12 Jul 2018 11:34am EDT 

July 12 (Reuters) - :FREEPORT SELLING SHARES TO INALUM FOR $350 MILLION, "DISCOUNTED" TO FACILITATE TRANSACTION - CHIEF EXECUTIVE RICHARD ADKERSON.FREEPORT HAS AGREED TO CONSTRUCT SMELTER IN INDONESIA WITHIN FIVE YEARS OF DEAL CONSUMMATION - CEO ADKERSON.FREEPORT-MCMORAN'S GRASBERG PERMIT WILL EXTEND TO 2041 WITH LEGAL, FISCAL CERTAINTY THAT CAN'T BE CHANGED BY FUTURE LAWS OR REGULATIONS - CEO ADKERSON.FREEPORT WORKING CLOSELY WITH INDONESIAN GOV'T TO RESOLVE ENVIRONMENTAL ISSUES, HAS BEEN ASSURED RESOLUTION WILL BE FOUND THAT ACCEPTABLE TO ALL PARTIES - CEO.FREEPORT DOES NOT EXPECT MATERIAL CHANGE IN TAXES AND ROYALTIES GOING FORWARD IN AGGREGATE - CHIEF FINANCIAL OFFICER KATHLEEN QUIRK.FREEPORT PARTNER INALUM HAS NO PLANS TO OWN MORE THAN 51 PERCENT OF GRASBERG - FREEPORT CEO ADKERSON.<<>> JOINT VENTURE - CEO ADKERSON.FREEPORT WILL HAVE SAME TERMS FOR CAPITAL AND INCOME DISTRIBUTION IN AGREEMENT AS IT HAD IN RIO TINTO <<>>, <<>> JOINT VENTURE .  Full Article

Rio Tinto Appoints Jakob Stausholm To Succeed Chris Lynch As CFO
Tuesday, 12 Jun 2018 02:01am EDT 

June 12 (Reuters) - Rio Tinto Ltd ::HAS APPOINTED JAKOB STAUSHOLM TO SUCCEED CHRIS LYNCH AS CHIEF FINANCIAL OFFICER.STAUSHOLM WILL JOIN RIO TINTO AS AN EXECUTIVE DIRECTOR ON 3 SEPTEMBER 2018 AND TAKE OVER AS CFO ON SAME DAY.  Full Article

Rio Tinto Agrees Sale Of Kestrel Mine For $2.25 Billion​
Tuesday, 27 Mar 2018 09:15am EDT 

March 27 (Reuters) - Rio Tinto Ltd ::RIO TINTO AGREES SALE OF KESTREL MINE.RIO TINTO PLC - ‍RIO TINTO AGREES SALE OF KESTREL MINE TO EMR AND ADARO FOR $2.25 BILLION​.RIO TINTO PLC - DEAL COMPLETION IS EXPECTED TO OCCUR IN SECOND HALF OF 2018..RIO TINTO PLC - ‍BINDING AGREEMENT WITH A CONSORTIUM COMPRISING PRIVATE EQUITY MANAGER EMR CAPITAL AND PT ADARO ENERGY TBK.RIO TINTO PLC - ANTICIPATES THAT AUSTRALIAN INCOME TAX WILL BE PAYABLE ON SALE PROCEEDS WHICH ARE IN EXCESS OF COST BASE OF ASSETS AT COMPLETION.RIO TINTO PLC - CURRENTLY ESTIMATED TAX PAYABLE ON DEAL IS IN ORDER OF $0.5 BILLION, HOWEVER QUANTUM OF TAX PAYABLE WILL DEPEND ON FINAL PROCEEDS.  Full Article

Rio Tinto Launches New Debt Reduction Programme
Tuesday, 20 Mar 2018 07:28am EDT 

March 20 (Reuters) - Rio Tinto Ltd ::RIO TINTO LAUNCHES NEW DEBT REDUCTION PROGRAMME.‍WILL USE SOME OF ITS SURPLUS LIQUIDITY TO FURTHER REDUCE GROSS DEBT, LAUNCHING A BOND PURCHASE AND REDEMPTION PLAN FOR UP TO $2.25 BILLION EQUIVALENT..‍UNDER PLAN, RIO TINTO ISSUED REDEMPTION NOTICES FOR ABOUT $1.4 BILLION OF FOUR SERIES OF US DOLLAR-DENOMINATED NOTES MATURING IN 2021 AND 2022​.‍ANNOUNCEMENT IS PART OF GROUP'S ONGOING CAPITAL MANAGEMENT PLAN ​.  Full Article

Rio Tinto partner says yet to make big copper find at Western Australia site

MELBOURNE Exploration by Rio Tinto at one of its sites in a part of Western Australia that has been touted as potentially rich in copper has so far failed to find any economically viable veins of ore, the miner's partner in the project said on Tuesday.