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Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rio Tinto Says Pilbara Shipments In 2018 Expected To Be At Upper End Of Existing Guidance Range
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Rio Tinto Ltd ::PILBARA SHIPMENTS IN 2018 ARE EXPECTED TO BE AT UPPER END OF EXISTING GUIDANCE RANGE (330 TO 340 MILLION TONNES, 100 PER CENT BASIS)."CHINA’S GROWTH PATHWAY COULD IMPACT DEMAND FOR THE GROUP’S PRODUCTS OUTSIDE OF EXPECTATIONS".DUNKERQUE AND ISAL SALES EXPECTED TO COMPLETE IN Q3 2018 FOR $0.8 BILLION.  Full Article

Rio Tinto H1 Underlying Earnings $4.42 Bln
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Rio Tinto Ltd ::INTERIM DIVIDEND 127.0 US CENTS PER SHARE.H1 UNDERLYING EARNINGS $ 4,416 MILLION VERSUS $3,941 MILLION A YEAR AGO.H1 NET EARNINGS $4,380 MILLION VERSUS $3,305 MILLION A YEAR AGO.ADDITIONAL SHARE BUY-BACK OF $1.0 BILLION IN RIO TINTO PLC SHARES ANNOUNCED.NET DEBT AT H1 END, $5,229 MILLION.CAPITAL EXPENDITURE EXPECTED TO REMAIN AT AROUND $5.5 BILLION IN 2018 AND AROUND $6.0 BILLION IN 2019.SEES ADDITIONAL CUMULATIVE FREE CASH FLOW OF $5.0 BILLION FROM START OF 2017 TO END OF 2021.H1 CONSOLIDATED SALES REVENUE OF $19.9 BILLION, $0.6 BILLION HIGHER THAN 2017 FIRST HALF.CAPITAL EXPENDITURE IN 2020 IS REVISED TO AROUND $6.5 BILLION.EFFECTIVE TAX RATE ON UNDERLYING EARNINGS OF ABOUT 30 PER CENT EXPECTED IN 2018.FY PRODUCTION GUIDANCE IS UNCHANGED FROM Q2 OPERATIONS REVIEW.DELIVERED $0.3 BILLION OF ADDITIONAL FREE CASH FLOW FROM MINE-TO-MARKET PRODUCTIVITY8 PROGRAMME IN H1.  Full Article

Rio Tinto Completes Sale Of Remaining Coal Assets
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Rio Tinto Ltd ::RIO TINTO COMPLETES SALE OF REMAINING COAL ASSETS.COMPLETED SALE OF ITS REMAINING COAL ASSETS IN QUEENSLAND, AUSTRALIA, FOR $3.95 BILLION.2018 PRODUCTION GUIDANCE IS UPDATED TO 4.0 MILLION TONNES OF HARD COKING COAL AND 2.5 MILLION TONNES OF THERMAL COAL.ESTIMATED TAX PAYABLE ON TRANSACTIONS IS IN ORDER OF $1 BILLION.  Full Article

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

COLUMN-Alumina squeeze hits already slowing global aluminium growth: Andy Home

LONDON, Oct 23 Global aluminium production growth has ground to a halt this year.