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
Homepage: http://www.riotinto.com/
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

Jefferies Group Reaffirms Buy Rating for Rio Tinto plc (RIO)

Jefferies Group restated their buy rating on shares of Rio Tinto plc (LON:RIO) in a research note issued to investors on Friday. The firm currently has a GBX 4,200 ($69.50) price target on the stock. Other equities research analysts have also recently ...
Posted: August 29, 2014, 1:41 pm

Rio Tinto’s SouthGobi Makes Second Distress Call as Coal Slumps

SouthGobi Resources Ltd. (1878), a Mongolian coal miner controlled by Rio Tinto Plc, said it’s seeking additional funding for a second time in six months to stay in business amid a slump in coal prices. The miner, listed on exchanges in Hong Kong and ...
Posted: August 31, 2014, 8:52 pm

Rio Tinto plc’s “Buy” Rating Reiterated at Jefferies Group (RIO)

Rio Tinto plc (NYSE:RIO)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Friday. Rio Tinto plc (NYSE:RIO) traded up 0.09% during mid-day trading on Friday, hitting $53.74.
Posted: August 29, 2014, 4:14 pm
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