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Rio Tinto PLC (RIO)

RIO on New York Consolidated

56.05USD
19 Jan 2018
Change (% chg)

$-0.19 (-0.34%)
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Latest Key Developments (Source: Significant Developments)

Rio Tinto says ‍market price for buy-back of co's shares is A$74.0293 per share​
Friday, 10 Nov 2017 01:38am EST 

Nov 10 (Reuters) - Rio Tinto Ltd ::Rio tinto says ‍market price for off-market buy-back of co's shares announced on Sept 22 is A$74.0293 per share​.  Full Article

Freeport, Indonesia "highly motivated" on Grasberg deal
Wednesday, 25 Oct 2017 11:14am EDT 

Oct 25 (Reuters) - :Freeport <<>> sees "significant" deficits for copper in future, Chief Executive Richard Adkerson .Freeport-McMoRan CEO says both company and Indonesia government are "highly motivated" to come to agreement on Grasberg mine contract.In discussions with Indonesian government, Freeport is insisting on maintaining operational control of the Grasberg mine, CEO says.Freeport, Indonesia government are "actively" involved in producing documentation required for the framework agreement reached - Freeport CEO.Freeport CEO says goal is to work cooperatively with Indonesia government, wants to avoid going to arbitration over Indonesia contract.Freeport CEO says will not concede to "unreasonable" demands from Indonesian government, will relentlessly represent shareholders.Freeport CEO says goal is to reach a "comprehensive and final" agreement with Indonesia by year-end.Freeport's stake in Indonesia unit, PT-FI, will drop to around 29 pct after joint venture agreement with Rio Tinto <<>>, <<>>, divestiture to government take effect - Freeport CEO.Freeport CEO says in talks with Indonesian group PT Amman Mineral Internasional on becoming partner in smelter that Amman may build.  Full Article

Rio Tinto's former top executive steps down from Britain's Takeover Panel​
Friday, 20 Oct 2017 04:30am EDT 

Oct 20 (Reuters) - UK Takeover Panel:‍GUY ELLIOTT SUBMITTED HIS RESIGNATION TO FOCUS HIS ATTENTION ON LEGAL PROCEEDINGS REGARDING HIS FORMER EMPLOYMENT WITH RIO TINTO​.  Full Article

Rio Tinto responds to SEC's claims in relation to Rio Tinto Coal Mozambique
Tuesday, 17 Oct 2017 06:18pm EDT 

Oct 18 (Reuters) - Rio Tinto Ltd :‍notified by SEC it filed a complaint in relation to rio tinto's disclosures and timing of impairment of Rio Tinto Coal Mozambique (RTCM​)​.says it intends to vigorously defend itself against such allegations​.‍believes that SEC case is unwarranted​.‍reached a settlement with United Kingdom's financial conduct authority (FCA) in relation to timing of impairment of RTCM​."‍when all facts are considered by court, or if necessary by a jury, SEC's claims will be rejected."​.‍FCA made no findings of fraud, or of any systemic or widespread failure by Rio Tinto, case is now closed​.‍Australian Securities And Investments Commission is also reviewing rtcm impairment​.  Full Article

UK FCA says Rio Tinto fined 27 million stg for breaching disclosure and transparency rules‍​
Tuesday, 17 Oct 2017 05:27pm EDT 

Oct 17 (Reuters) - :UK FCA says Rio Tinto Plc fined 27 million stg for breaching disclosure and transparency rules‍​.UK FCA says it found Rio Tinto failed to carry out impairment test and recognise impairment loss on value of Mozambique mining assets which it bought in 2011.  Full Article

Rio Tinto says qtrly Pilbara iron ore shipments rose 6 pct
Monday, 16 Oct 2017 05:20pm EDT 

Oct 17 (Reuters) - Rio Tinto Ltd ::Qtrly Pilbara iron ore shipments (100 percent basis) ‍85.8​ mt versus 80.9 mt a year ago.Qtrly mined copper production ‍120.6​ kt versus 133.3 kt a year ago.Qtrly Pilbara iron ore production (100 percent basis) ‍85.0​ mt versus 83.2 mt a year ago.Qtrly aluminium production ‍887​ kt versus 924 kt a year ago.‍Rio Tinto's expected share of mined copper production for 2017 is revised to between 460 and 480 thousand tonnes​.‍Rio Tinto's expected Pilbara shipments in 2017, subject to weather, remain unchanged at around 330 million tonnes on a 100 per cent basis​.‍"Rio Tinto's share of production in 2017 is revised to between 50 and 51 million tonnes of bauxite (previously 48 to 50 million tonnes)"​.  Full Article

Rio Tinto in talks to sell Australasian aluminium assets to GFG Alliance - FT
Monday, 16 Oct 2017 10:33am EDT 

Oct 16 (Reuters) - :Rio Tinto in talks to sell Australasian aluminium assets to GFG Alliance - FT, citing sources‍​.  Full Article

Rio Tinto ‍adopts global paid parental leave standard, starting with U.S. operations​
Thursday, 21 Sep 2017 12:23pm EDT 

Sept 21 (Reuters) - Rio Tinto Ltd ::Rio Tinto PLC says ‍adopts global paid parental leave standard, starting with U.S. operations​.Will implement a new global minimum standard for paid parental leave for all employees​.New global minimum standard provides 18 weeks of paid parental leave at full pay following birth or adoption of a child to all employees​.‍18 weeks leave will be granted to an employee designated as child's primary caregiver; it is not gender specific​.  Full Article

Rio Tinto to commence additional $2.5 billion share buy-back
Thursday, 21 Sep 2017 12:00pm EDT 

Sept 21 (Reuters) - Rio Tinto Plc ::RIO TINTO - TO COMMENCE ADDITIONAL $2.5 BILLION SHARE BUY-BACK PROGRAMME, RETURNING PROCEEDS OF SALE OF COAL & ALLIED TO ITS SHAREHOLDERS​.RIO TINTO - ‍CAPITAL RETURN PROGRAMME WILL BE EXECUTED THROUGH A COMBINATION OF AN OFF-MARKET BUY-BACK TENDER, TARGETING A$700 MILLION OF CO SHARES​.NEW ON-MARKET PURCHASES BY RIO TINTO PLC WILL COMMENCE ON 27 DECEMBER 2017 AND WILL BE COMPLETED NO LATER THAN 31 DECEMBER 2018.RIO TINTO - ‍BALANCE OF $1.9 BILLION OF ADDITIONAL FUNDS BEING ALLOCATED TO RIO TINTO'S EXISTING ON- MARKET PURCHASES OF CO ORDINARY SHARES OF 10P EACH​.MAXIMUM NUMBER OF SHARES THAT MAY BE PURCHASED BY RIO TINTO PLC UNDER PROGRAMME IS 100 MILLION.  Full Article

Rio Tinto finance boss Chris Lynch to retire by end of September 2018
Friday, 15 Sep 2017 10:15am EDT 

Sept 15 (Reuters) - RIO TINTO PLC ::‍CHRIS LYNCH TO RETIRE AS RIO TINTO CHIEF FINANCIAL OFFICER​.‍RIO TINTO CHIEF FINANCIAL OFFICER CHRIS LYNCH HAS INFORMED BOARD THAT HE INTENDS TO RETIRE FROM HIS ROLE BY END OF SEPTEMBER 2018​.‍PLANNING FOR CHIEF FINANCIAL OFFICER SUCCESSION HAS BEEN IN PROGRESS AND A REPLACEMENT WILL BE ANNOUNCED IN DUE COURSE​.  Full Article

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Rio Tinto says SEC fraud case should be dismissed

NEW YORK Rio Tinto Plc on Tuesday said a U.S. regulator's lawsuit accusing the big Anglo-Australian mining company of fraud for overstating the value of Mozambique coal assets it had bought in 2011 should be dismissed.