Edition:
United Kingdom

Rio Tinto PLC (RIO.BA)

RIO.BA on Buenos Aires Stock Exchange

254.50ARS
6 Apr 2018
Change (% chg)

-- (--)
Prev Close
$254.50
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
320
52-wk High
$254.50
52-wk Low
$204.90

Latest Key Developments (Source: Significant Developments)

Rio Tinto Says Oyu Tolgoi Enters Agreements With Chinese EPC Contractors
Thursday, 19 Jul 2018 

July 19 (Reuters) - Rio Tinto PLC ::STATEMENT RE OYU TOLGOI EPC TENDER.OYU TOLGOI LLC ENTERED INTO AGREEMENTS WITH THREE CHINESE EPC CONTRACTORS.  Full Article

Rio Tinto Entered Agreements With 3 Chinese Contractors For Oyu Tolgoi EPC tender
Thursday, 19 Jul 2018 

July 19 (Reuters) - Rio Tinto Ltd ::ENTERED INTO AGREEMENTS WITH 3 CHINESE EPC CONTRACTORS.EACH AGREEMENT POTENTIALLY CREATES SMALLER RELATED PARTY TRANSACTION FOR PURPOSES OF UK LISTING RULES.EACH CONTRACTOR REQUESTED TO SUBMIT BID FOR ENGINEERING, DESIGN AND CONSTRUCTION OF A POWER STATION FOR OYU TOLGOI LLC IN MONGOLIA.  Full Article

Rio Tinto Posts Qtrly Iron Ore Shipments Of 88.5 MT
Monday, 16 Jul 2018 

July 17 (Reuters) - Rio Tinto Ltd ::QTRLY ALUMINIUM PRODUCTION 858 KT VERSUS 888 KT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 156.8 KT VERSUS 124.7 KT A YEAR AGO.QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 88.5 MT VERSUS 77.7 MT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 85.5 MT VERSUS 79.8 MT A YEAR AGO.CO'S PILBARA SHIPMENTS IN 2018 EXPECTED TO BE AT UPPER END OF EXISTING GUIDANCE RANGE (330 TO 340 MILLION TONNES, 100 PER CENT BASIS).PILBARA SHIPMENTS IN 2018 ARE EXPECTED TO BE MORE EVENLY DISTRIBUTED BETWEEN THE FIRST AND SECOND HALVES COMPARED TO PRIOR YEARS.EXPECTED SHARE OF PRODUCTION IN 2018 REMAINS UNCHANGED AT BETWEEN 49 & 51 MILLION TONNES OF BAUXITE & 8.0 TO 8.2 MILLION TONNES OF ALUMINA.2018 ALUMINIUM GUIDANCE OF 3.5 TO 3.7 MILLION TONNES TO BE ADJUSTED FOLLOWING COMPLETION OF SALE OF ALUMINIUM DUNKERQUE AND ISAL SMELTERS.RIO TINTO’S EXPECTED SHARE OF MINED COPPER PRODUCTION FOR 2018 IS UNCHANGED AT BETWEEN 510 AND 610 THOUSAND TONNES."COST INFLATION IS BEING EXPERIENCED, PARTICULARLY IN THE ALUMINIUM GROUP WITH HIGHER RAW MATERIAL COSTS".REGARDING GRASBERG, CO EXPECTS ITS METAL SHARE FOR 2018 TO BE ZERO.  Full Article

Freeport-McMoran Announces Terms Of PT Freeport Indonesia Divestment
Thursday, 12 Jul 2018 

July 12 (Reuters) - Freeport-McMoRan Inc ::MCMORAN ANNOUNCES TERMS OF PT FREEPORT INDONESIA DIVESTMENT AND NEW LONG-TERM PARTNERSHIP WITH PT INALUM.SEES SHARE OF FUTURE CASH FLOWS OF EXPANDED PT-FI ASSET BASE & CASH PROCEEDS IN DEAL TO BE COMPARABLE TO EXISTING SHARE OF FUTURE CASH FLOWS UNDER CURRENT JV.  Full Article

Rio Tinto Sells $3.5 Bln Stake In Grasberg Copper Mine To Indonesian State Miner
Thursday, 12 Jul 2018 

July 12 (Reuters) - Rio Tinto PLC ::HEADS OF AGREEMENT TO SELL INTEREST IN GRASBERG.PROPOSED DEAL FOR $3.5 BILLION.HEADS OF AGREEMENT TO SELL INTEREST IN GRASBERG.AGREEMENT SETS OUT A PROPOSED TRANSACTION BETWEEN FCX AND INALUM FOR LATTER TO BUY AN ADDITIONAL STAKE IN GRASBERG.PARTIES HAVE COMMITTED TO WORK TOWARDS AGREEING AND SIGNING BINDING AGREEMENTS BEFORE END OF SECOND HALF OF 2018.AGREEMENT SETS OUT ADDITIONAL TERMS RELATING TO FUTURE OWNERSHIP AND OPERATION OF GRASBERG.  Full Article

Rio Tinto Updates On Grasberg Stake Sale
Tuesday, 22 May 2018 

May 23 (Reuters) - Rio Tinto Ltd ::NOTES REPORTS OF POTENTIAL PURCHASE BY PT INDONESIA ASAHAN ALUMINIUM OF RIO'S ENTIRE INTEREST IN GRASBERG MINE IN INDONESIA FOR $3.5 BILLION.RIO TINTO CONFIRMS THAT DISCUSSIONS BETWEEN RIO TINTO, INALUM AND FREEPORT ARE ONGOING, INCLUDING AS TO PRICE.NO AGREEMENT HAS BEEN REACHED, AND THERE IS NO CERTAINTY THAT BINDING AGREEMENTS WILL BE SIGNED.  Full Article

Rio Tinto Says Granted Accreditation For Autohaul
Friday, 18 May 2018 

May 18 (Reuters) - Rio Tinto Ltd ::RIO TINTO GRANTED ACCREDITATION FOR AUTOHAUL.AUTOHAUL PROJECT CONTINUES TO PROGRESS AND IS ON SCHEDULE TO BE COMPLETED BY END OF 2018.RIO TINTO'S PILBARA SHIPMENTS GUIDANCE FOR 2018 REMAINS BETWEEN 330 AND 340 MILLION TONNES.  Full Article

United Steelworkers Says Members Of Local 9344 Sept-Iles, Quebec, Have Voted To Reject IOC Contract Offer
Thursday, 19 Apr 2018 

April 19 (Reuters) - United Steelworkers:UNITED STEELWORKERS SAYS MEMBERS OF STEELWORKERS LOCAL 9344 SEPT-ILES, QUEBEC, HAVE VOTED BY A 94 PERCENT MAJORITY TO REJECT IOC CONTRACT OFFER.  Full Article

Rio Tinto Says Qtrly Pilbara Iron Ore Shipments 80.3 MT
Tuesday, 17 Apr 2018 

April 18 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 80.3 MT VERSUS 76.7 MT A YEAR AGO.QTRLY ALUMINIUM PRODUCTION 846 KT VERSUS 889 KT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 83.1 MT VERSUS 77.2 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 139.3 KT .QTRLY MINED COPPER PRODUCTION 139.3 KT VERSUS 84.2 KT A YEAR AGO.RIO TINTO'S SHARE OF PRODUCTION IN 2018 IS EXPECTED TO BE BETWEEN 49 AND 51 MILLION TONNES OF BAUXITE AND 8.0 TO 8.2 MILLION TONNES OF ALUMINA.RIO TINTO'S PILBARA SHIPMENTS IN 2018 ARE STILL EXPECTED TO BE BETWEEN 330 AND 340 MILLION TONNES.2018 ALUMINIUM GUIDANCE OF 3.5 TO 3.7 MILLION TONNES WILL BE ADJUSTED FOLLOWING COMPLETION OF SALE OF ALUMINIUM DUNKERQUE AND ISAL SMELTERS.ADJUSTMENTS TO 2018 ALUMINIUM GUIDANCE MAY ALSO BE MADE AS A CONSEQUENCE OF U.S. SANCTIONS.EXPECTED SHARE OF MINED COPPER PRODUCTION FOR 2018 IS UNCHANGED AT BETWEEN 510 AND 610 THOUSAND TONNES.  Full Article

Rio Tinto Says Reviews Arrangements With Rusal, To Declare Force Majeure On Certain Contracts
Friday, 13 Apr 2018 

April 13 (Reuters) - Rio Tinto Plc ::RIO TINTO REVIEWS ARRANGEMENTS WITH RUSAL.RIO TINTO HAS REVIEWED ARRANGEMENTS IT HAS WITH IMPACTED ENTITIES.IS IN THE PROCESS OF DECLARING FORCE MAJEURE ON CERTAIN CONTRACTS AND IS WORKING WITH ITS CUSTOMERS TO MINIMISE ANY DISRUPTION IN SUPPLIES.ARRANGEMENTS INCLUDE RUSAL'S 20 PERCENT STAKE IN QUEENSLAND ALUMINA LIMITED IN AUSTRALIA, BAUXITE SALES TO RUSAL'S REFINERY IN IRELAND.AGREEMENTS ALSO INCLUDE OFFTAKE CONTRACTS FOR ALUMINA THAT ARE USED AT RIO TINTO'S SMELTERS, MAINLY IN FRANCE AND ICELAND.  Full Article

Deals of the day-Mergers and acquisitions

July 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: