Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation (behind BHP). It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government.
We were founded in 1873, on the banks of the Rio Tinto river in Andalusia, Spain. We are proud of everything we have achieved.
It is also by far Australia's biggest export and the majority of it is shipped off to China which consumes a massive 61 per cent of the world's iron ore.
Escondida Atacama, Chile 30% (via Minera Escondida Ltda and Rio Tinto Escondida Limited) BHP Escondida Inc (57.5%) BHP Escondida Inc is a wholly-owned subsidiary of the BHP Group Limited. For information on BHP, its subsidiaries and its beneficial owners, see www.bhpbilliton.com.
Australian mining giant BHP is optimistic China and India's growth will boost commodity demand, even as the company reported a steep drop in half-year profits.
Edmond De Rothschild Holding S.a. reports 7.36% increase in ownership of RIO / Rio Tinto plc. 2022-11-09 - Edmond De Rothschild Holding S.a. has filed a 13F-HR form disclosing ownership of 2,741 shares of Rio Tinto plc (US:RIO) with total holdings valued at $151,000 USD as of 2022-09-30.
What are the biggest iron ore companies listed on the ASX? BHP, Rio Tinto and Fortescue Metals Group are the top by market cap. Iron — the world's most commonly used metal — is key for the steel making industry.
China has been Australia's top consumer of iron ore for decades, accounting for 80 per cent of our exports of the mineral in 2021. Export revenue has delivered long-standing profits to Australian miners and boosted the country's tax revenue.
Trade and investment
China is Australia's largest two-way trading partner in goods and services, accounting for nearly one third (32.2 per cent) of our trade with the world.
Rio Tinto Long Term Debt 2010-2022 | RIO
Rio Tinto long term debt for the quarter ending December 31, 2022 was $11.056B, a 17.94% decline year-over-year. Rio Tinto long term debt for 2022 was $11.056B, a 10.8% decline from 2021. Rio Tinto long term debt for 2021 was $12.395B, a 7.56% decline from 2020.
According to the last reported balance sheet, Rio Tinto Group had liabilities of US$11.6b due within 12 months, and liabilities of US$32.9b due beyond 12 months. On the other hand, it had cash of US$8.91b and US$3.37b worth of receivables due within a year.
Rio Tinto Group's CEO is Jakob Stausholm, appointed in Jan 2021, he has a tenure of 2.42 years. His total yearly compensation is $5.24M , comprised of 27.8% salary and 72.2% bonuses, including company stock and options. He directly owns 0.005% of the company's shares, worth €5.48M.
The company's portfolio of lithium projects focuses on leading edge mining and processing technology to deliver environmentally sensitive solutions to the production of battery-grade lithium carbonate for electric vehicles.
力拓 : Rio Tinto (UK-A... : Lì Tuò | Definition | Mandarin Chinese Pinyin English Dictionary | Yabla Chinese.
China's purchases of iron ore from Australia rose AU$2 billion or 20 per cent over the month, while meat imports increased 28 per cent to A$57 million.
Australia has the world's largest estimated reserves of iron ore with 52 billion tonnes, or 30 per cent of the world's estimated 170 billion tonnes.
Most of its supplies come from abroad, predominantly from Brazil and Australia. By various estimates, about 60 per cent of China's iron ore is imported from Australia. Domestic production makes up less than 20 per cent of local needs.
Australia's iron ore resource base is capable of sustaining production for at least six decades, according to the Minerals Council of Australia (MCA).
Iron is the most abundant element on earth but not in the crust. The extent of the accessible iron ore reserves is not known, though Lester Brown of the Worldwatch Institute suggested in 2006 that iron ore could run out within 64 years (that is, by 2070), based on 2% growth in demand per year.
Are Rio Tinto Stocks a Good Buy? Rio Tinto's shares could be undervalued and a good buy to the right investor based on an analysis of Rio Tinto's financial performance, dividend history, and share price trends. The company has demonstrated consistent revenue growth and solid profit margins.
The Rio Tinto, which means “stained river” in Spanish, flows through an area unusually rich with sulfide ore deposits, which formed hundreds of millions of years ago when volcanoes were active in the area.
BHP Group Limited (formerly known as BHP Billiton) is an Australian multinational mining, metals, and natural gas petroleum public company headquartered in Melbourne, Victoria, Australia.