Rio Tinto Net Worth is$110.2 B
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Company Name: Rio Tinto plc
Company Logo: Image:Rio Tinto.svg
Company Type: Public company
Traded As: RIO, RIO
Company Slogan: N/A
Foundation: 1873
Location: London, United Kingdom
Key People: Jan du Plessis, Chairman , Tom Albanese, CEO
Area Served: Worldwide
Revenue: url
Operating Income: net income
Assets: equity
Num Employees: 67,930 (2011) Industry: Metals and Mining
Products: Iron ore, Bauxite, Alumina, Aluminium, Copper, Molybdenum, Gold, Diamonds, Coal, Uranium, Titanium Dioxide, Borates, Salt, Talc
Subsid: Rio Tinto Alcan
Intl: yes
Rio Tinto Group is a British multinational metals and mining corporation with headquarters in London, UK and a management office in Melbourne, Australia. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain from the Spanish government. Since then, the company has grown through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, coal, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly for refining bauxite and iron ore. The company has operations on six continents but is mainly concentrated in Australia and Canada, and owns gross assets valued at $81 billion through a complex web of wholly and partly owned subsidiaries. Its head office in the United Kingdom is in the City of Westminster, London, while its Australian head office is in the City of Melbourne.
Rio Tinto Group is a dual-listed company traded on both the London Stock Exchange where it is a component of the FTSE 100 Index and the Australian Securities Exchange where it is a component of the S&P/ASX 200 index. As of March 2009, Rio Tinto is the fourth-largest publicly listed mining company in the world with a market capitalisation of approximately $134 billion, and was listed in Fortune magazine's 2008 Global 500 ranking of largest worldwide companies by revenue at number 263. In 2007, the company was valued at $147 billion.
Since antiquity, a site along the Rio Tinto, in the Andalusian Province of Huelva in Spain has been mined for copper, silver, gold, and other minerals. Approximately 3000 BC, Iberians and Tartessians began mining the site, followed by the Phoenicians, Greeks, Romans, Visigoths, and Moors. After a period of abandonment, the mines were rediscovered in 1556 and the Spanish government began operating them

Rio Tinto Latest News

Rio Tinto to sell stake in Australian coal mine to New Hope

Rio Tinto, advised by Deutsche Bank, has put all its coal stakes in the Australian state of New South Wales up for sale. Most industry observers had expected Glencore Plc (GLEN.L) to be the most likely buyer as it has coal mines in the same area but those ...
Posted: September 29, 2015, 5:21 pm

Rio Tinto Sells Australian Coal Asset for $606 Million

SYDNEY— Rio Tinto RIO 1.84 % PLC’s sale of a 40% stake in an Australian coal mine marks the latest reshaping of the global coal industry, as big mining companies pare back their exposure to a commodity that has been roiled by slack demand and prices at ...
Posted: September 29, 2015, 9:49 pm

Rio Tinto sells 40% stake in Australia's Bengalla coal mine for $606 mil

Rio Tinto has agreed to sell its 40% interest in the Bengalla open cut thermal coal mine in eastern Australia to Queensland-based coal producer New Hope Corporation for A$865 million ($606 million), the companies said in separate statements Wednesday.
Posted: September 30, 2015, 6:56 am
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