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

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Rio Tinto Latest News

Rio Tinto Merges Diamonds and Copper Units

RAPAPORT... Rio Tinto said the company will combine its diamonds and copper divisions to form one product group in search for greater efficiencies within a new organization structure. The move to better align the group’s assets with its business strategy ...
Posted: June 22, 2016, 2:03 am

IOC future uncertain as Rio Tinto restructures company

Rumours swirled on June 22 as Rio Tinto reshuffled its portfolio. The IOC mine site. This prompted industry analysts to suggest a sell-off of some if its assets may be coming. The company split into four divisions — aluminum, copper and diamonds, energy ...
Posted: June 23, 2016, 10:00 pm

Rio’s Revamp Hints at Potential $9 Billion BHP-Style Spinoff

Rio Tinto Group looks like it’s putting about $9 billion of unwanted assets from coal and uranium to Canadian iron ore into a single basket ready to spin off, according to Sanford C. Bernstein. Incoming Chief Executive Officer Jean-Sebastien Jacques on ...
Posted: June 21, 2016, 6:06 pm
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