Edition:
United States

Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

3,817.00GBp
12:06pm EDT
Change (% chg)

94.50 (+2.54%)
Prev Close
3,722.50
Open
3,798.00
Day's High
3,844.00
Day's Low
3,771.50
Volume
11,761,029
Avg. Vol
4,104,773
52-wk High
4,541.00
52-wk Low
3,374.20

Latest Key Developments (Source: Significant Developments)

Rio Tinto unveils $3.2 bln post-tax coal disposal proceeds to shareholders
2:01am 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Sept 17 (Reuters) - Rio Tinto Ltd ::HYDRO TERMINATES OFFER FOR ALUMINIUM ASSETS-RIO.AX.INFORMED BY HYDRO THAT IT HAS WITHDRAWN OFFER TO BUY ISAL SMELTER IN ICELAND, ITS 53.3% SHARE IN ALUCHEMIE ANODE PLANT IN NETHERLANDS.INFORMED BY HYDRO THAT IT HAS WITHDRAWN OFFER TO BUY ITS 50 PER CENT SHARE IN ALUMINIUM FLUORIDE PLANT IN SWEDEN.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

Glencore Says To Acquire Hail Creek Coal Mine
Tuesday, 20 Mar 2018 03:57am EDT 

March 20 (Reuters) - Glencore Plc ::GLENCORE TO ACQUIRE HAIL CREEK COAL MINE.DEAL ‍FOR A TOTAL CASH CONSIDERATION OF US$1.7 BILLION​.‍ACQUISITION IS SUBJECT TO REGULATORY APPROVALS AND IS EXPECTED TO COMPLETE IN H2 2018​.JV PARTNER HAS RIGHT TO SELL SHARE TO CO, WHICH COULD RESULT IN ADDITIONAL CONSIDERATION OF UP TO US$340 MILLION​.‍ACQUIRE RIO TINTO'S 82% INTEREST IN HAIL CREEK COAL MINE AND ADJACENT COAL RESOURCES ​.TO ‍ACQUIRE RIO TINTO'S 71.2% INTEREST IN VALERIA COAL RESOURCE IN CENTRAL QUEENSLAND​.  Full Article

Rio Tinto To Sell Hail Creek And Valeria To Glencore for $1.7 Bln
Tuesday, 20 Mar 2018 03:57am EDT 

March 20 (Reuters) - Rio Tinto Ltd ::RIO TINTO AGREES SALE OF HAIL CREEK AND VALERIA.ENTERS INTO BINDING AGREEMENT WITH GLENCORE FOR SALE OF ITS ENTIRE INTERESTS IN HAIL CREEK COAL MINE AND VALERIA COAL DEVELOPMENT PROJECT.‍SALE INCLUDES RIO TINTO'S 82.0 PER CENT INTEREST IN HAIL CREEK OPERATING MINE AND ITS 71.2 PER CENT INTEREST IN VALERIA PROJECT​.‍DEAL FOR $1.7 BILLION​.‍SEPARATE PROCESS UNDERWAY TO SELL RIO TINTO'S REMAINING AUSTRALIAN COAL ASSETS​.COMPLETION EXPECTED IN SECOND HALF OF 2018.CURRENTLY ESTIMATED TAX PAYABLE ON SALE PROCEEDS IS IN ORDER OF $300 MILLION​.  Full Article

U.S. SEC Requests Court To Dismiss Rio Tinto, Two Former Execs' Complaint In Its Entirety‍​ - Court Filing‍​
Tuesday, 20 Mar 2018 01:42am EDT 

March 20 (Reuters) - :U.S. SEC REQUESTS COURT TO DISMISS RIO TINTO, TWO FORMER EXECS' COMPLAINT IN ITS ENTIRETY‍​ - COURT FILING‍​.  Full Article

Photo

European shares ride trade relief rally

LONDON European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood.