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Last A$52.02 AUD
Change Today -0.18 / -0.34%
Volume 2.5M
RIO On Other Exchanges
Symbol
Exchange
OTC US
Xetra
As of 2:10 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

rio tinto ltd (RIO) Snapshot

Open
A$51.88
Previous Close
A$52.20
Day High
A$52.36
Day Low
A$51.30
52 Week High
08/12/14 - A$67.89
52 Week Low
07/9/15 - A$49.13
Market Cap
94.9B
Average Volume 10 Days
2.3M
EPS TTM
A$3.53
Shares Outstanding
424.2M
EX-Date
03/4/15
P/E TM
10.9x
Dividend
A$3.66
Dividend Yield
7.03%
Current Stock Chart for RIO TINTO LTD (RIO)

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rio tinto ltd (RIO) Details

Rio Tinto Limited engages in the mining and processing of mineral resources. Its primary products include aluminum, copper, diamonds, gold, molybdenum, nickel, bauxite, potash, iron ore, mineral sands, thermal and metallurgical coal, and uranium, as well as borates, titanium dioxide, and salt. It has operations primarily in Australia, North America, South America, Asia, Europe, and Africa. Rio Tinto Limited was incorporated in 1959 and is based in Melbourne, Australia.

59,775 Employees
Last Reported Date: 03/6/15
Founded in 1959

rio tinto ltd (RIO) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $3.2M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $2.5M
Chief Executive Officer of Iron Ore
Total Annual Compensation: $1.5M
Chief Executive of Copper & Coal
Total Annual Compensation: $1.4M
Chief Executive of Diamonds & Minerals
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

rio tinto ltd (RIO) Key Developments

Rio Tinto Reports Operating Results for the First Half Year of 2015; Provides Operating Guidance for the Full Year of 2015

Rio Tinto reported operating results for the first half year of 2015. First half production of 146.3 million tonnes (the company share 118.6 million tonnes) was 10% higher than the same period of 2014 following the successful ramp up to 290 Mt/a in May 2014. Second quarter production of 75.2 million tonnes (the company share 61.3 million tonnes) was 9% higher than the second quarter of 2014 and was 6% above the first quarter of 2015. Bauxite production was 5% higher than the first half of 2014 and set a new first half record. This was primarily due to a very strong performance at Weipa and the continued ramp up of production at Gove towards eight million tonnes per annum. Gove finished the second quarter with a monthly performance equivalent to a 7.7 million tonne run-rate, well on track to reach an eight million tonne run- rate by the fourth quarter of 2015. These strong performances from Weipa and Gove delivered second quarter production 5% higher than the same quarter of 2014 and enabled a 7% improvement in third party sales quarter on quarter. Alumina production was up by 5% compared with the first half of 2014 (excluding production from the Gove refinery which was curtailed in May 2014), reflecting improved productivity at Queensland Alumina and Yarwun. First half and second quarter aluminium production was in line with the same periods of 2014, despite lower production from Kitimat as it prepared for commissioning of the modernised smelter which poured first hot metal during the quarter. Kitimat will ramp up towards nameplate capacity of 420,000 tonnes (a 48% increase over previous nameplate capacity), which is expected to be completed in early 2016. Mined copper production at Escondida in the first half was 22% higher than the same period of 2014, primarily due to higher grades and throughput. The second half is expected to be impacted by a decline in grades and water availability. Tolgoi First half mined copper production was 44% higher than the first half of 2014, and higher quarter on quarter, attributable to higher grades and throughput. Mining has started moving to areas of higher grade ore in the open pit. Copper production in the second half of 2015 is expected to be higher than the first half. Hard coking coal production was 13% higher than the first half of 2014 as a result of improved production rates at Kestrel which continues to ramp up towards nameplate long-wall capacity of around six million tonnes. Carats produced at Argyle were 37% higher than the corresponding quarter in 2014 and 34% higher than the first half of 2014 due to the continued ramp up of production from the underground mine. The company provided operating guidance for the full year of 2015. Due to the weather disruption in the first half of the year, anticipated shipments were reduced by around seven million tonnes. Accordingly, the company now expects 2015 global shipments of 340 million tonnes (100% basis) from its operations in Australia and Canada. 2015 guidance the company's expected share of production remains unchanged at 43 million tonnes of bauxite, eight million tonnes of alumina and 3.3 million tonnes of aluminium. 2015 guidance In 2015, as previously announced, the company expects its share of mined copper production to be between 500 and 535,000 tonnes, and refined copper production to be between 190 and 220,000 tonnes. For coal, the company's share of production is expected to be 18 to 19 million tonnes of thermal coal, 3.0 to 3.4 million tonnes of semi-soft coking coal and 7.1 to 8.1 million tonnes of hard coking coal.

X2 Reportedly Seeks To Acquire Rio Tinto Assets

Rio Tinto Limited (ASX:RIO) is reportedly in 'serious' discussions to acquire X2 Resources LLP Australian coal assets. The multibillion-dollar deal talks are reportedly at an initial stage and have created strong interest among both the parties. The deal is expected to include Rio Tinto's metallurgical coal assets in Queensland. However X2 has declined to comment on the matter.

Rio Tinto Reportedly Suspends Sale Of Aluminium Business And Mick Davis Reportedly Mulls Acquisition Of Some Of Australian Coal Assets From Rio Tinto

Rio Tinto Limited (ASX:RIO) has reportedly suspended its sale process for its Pacific Aluminium business run by Credit Suisse. Mick Davis is reportedly is seeking acquisition of some of Australian coal assets from Rio Tinto Limited (ASX:RIO). “Mick Davis through his X2 Resources LLP is in serious talks with Rio Tinto about a multibillion-dollar offer to buy some of the global miner’s Australian coal assets,” people familiar with the matter said. A person familiar with the talks said they were reasonably serious discussions but at an early stage. It is reasonably solid interest on both sides. Discussions could extend to include Rio’s metallurgical coal assets in Queensland, which yield a different grade of coal that is used in steelmaking, this person added. Rio declined to comment, while X2 did not respond to a request for comment.

 

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Industry Analysis

RIO

Industry Average

Valuation RIO Industry Range
Price/Earnings 10.8x
Price/Sales 1.5x
Price/Book 1.5x
Price/Cash Flow 2.5x
TEV/Sales NM Not Meaningful
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