Rio Tinto Group offers finding, mining, and processing services for metals and minerals. The company offers alumina, aluminum, bauxite, borates, coal, copper, diamonds, gold and silver, gypsum, iron ore, molybdenum, salt, sulphuric acid, talc, titanium dioxide, uranium, nickel, potash, lead, and zinc. It serves various markets, such as fiberglass, glass, ceramics, wood preservative, energy, metallurgy, fabricator, bank, gold trader, wallboard, plaster, titanium pigment producers, cement, agriculture, automotive, construction, electronic products, water treatment, food, health care, cosmetics, cable, and fertilizer markets in Africa, Australia, Asia, and North America. The company has a strat...
2 Eastbourne Terrace
London, W2 6LG
Founded in 1995
Rio Tinto Eyes Acquisitions
Feb 13 15
Rio Tinto Group is looking for acquisition opportunities. RIO Tinto continues to make impressive cost and debt reductions in the face of sliding commodities prices, with the miner last night logging a better-than-expected full-year profit, unveiling a $US2 billion share buyback and declaring its balance sheet strong enough to start considering -acquisitions. Chris Lynch, director of Rio Tinto says this means Rio Tinto is in a position to take advantage of the downturn if it throws up acquisition opportunities.
Rio Tinto Group Declares Interim Dividend and Final Dividend for 2014
Feb 12 15
Rio Tinto Group declared interim dividend of 96 cents for 2014 against 83.50 cents paid in 2013. The ex-dividend date for ADR shareholders will be MArch 4, 2015.
The company declared final dividend of 119 cents against for 2014 against 108.50 cents paid in 2013.
Rio Tinto Group Announces Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Full Years of 2015, 2016 and 2017
Feb 12 15
Rio Tinto Group announced unaudited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported consolidated sales revenue of $47,664 million compared to $51,171 million a year ago. Operating profit was $11,346 million compared to $7,430 million a year ago. Profit before taxation was $9,552 million compared to $3,505 million a year ago. Profit for the year from continuing operations was $6,499 million compared to $1,079 million a year ago. Profit attributable to owners of the company was $6,527 million compared to $3,665 million a year ago. Diluted earnings per share from continuing operations were 351.2 cents compared to 197.3 cents a year ago. Net cash generated from operating activities was $14,286 million compared to $15,078 million a year ago. Purchase of property, plant and equipment and intangible assets was $8,162 million compared to $13,001 million a year ago. Consolidated net debt was $12,495 million compared to $18,055 million a year ago. Capital expenditure was $8,162 million compared to $13,001 million a year ago. Underlying earnings per share was 503.4 cents compared to 553.1 cents a year ago. Underlying EBITDA was $19,665 million compared to $21,509 million a year ago. Underlying earnings were $9,305 million compared to $10,217 million a year ago.
The company provided capital expenditure guidance for the full years of 2015, 2016 and 2017. Capital expenditure is expected to decline to less than $7.0 billion in 2015 and remain at around $7.0 billion in 2016 and 2017.