Edition:
United Kingdom

Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

4,009.50GBp
20 Aug 2019
Change (% chg)

-55.50 (-1.37%)
Prev Close
4,065.00
Open
4,044.50
Day's High
4,088.50
Day's Low
4,009.50
Volume
2,733,037
Avg. Vol
3,049,658
52-wk High
5,039.00
52-wk Low
3,460.00

Latest Key Developments (Source: Significant Developments)

Fitch Says Rio Tinto Mine Delay Shows Block Caving, Copper Supply Risk
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Fitch Ratings::SAYS RIO TINTO MINE DELAY SHOWS BLOCK CAVING, COPPER SUPPLY RISK.SAYS INCREASED COPPER SUPPLY PIPELINE OF BROWNFIELD EXPANSIONS, GREENFIELD PROJECTS PROJECTED TO ELIMINATE ANY MATERIAL MARKET DEFICIT IN MEDIUM TERM.IF PROJECTS FACE FURTHER DELAYS OR SLOWER THAN EXPECTED PRODUCTION RAMP UP, COPPER MARKET COULD SHIFT TO DEFICITS SOONER THAN FITCH ANTICIPATES.  Full Article

Rio Tinto Completes Sale Of Its Stake In Rössing Uranium Mine
Monday, 15 Jul 2019 

July 16 (Reuters) - Rio Tinto Ltd ::COMPLETES SALE OF ITS STAKE IN ROSSING.COMPLETED SALE OF ITS ENTIRE INTEREST IN RÖSSING URANIUM MINE IN NAMIBIA TO CHINA NATIONAL URANIUM CORPORATION.ROSSING SALE FOR AN INITIAL CASH PAYMENT OF $6.5 MILLION PLUS A CONTINGENT PAYMENT OF UP TO $100 MILLION.  Full Article

Alcoa Announces Planned Restart, New Labor Contract For Aluminerie De Bécancour Smelter In Québec, Canada
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Alcoa Corp ::ALCOA ANNOUNCES PLANNED RESTART, NEW LABOR CONTRACT FOR ALUMINERIE DE BÉCANCOUR SMELTER IN QUÉBEC, CANADA.ALCOA CORP - IN SECOND HALF OF 2019, COMPANY EXPECTS TO RECORD SPECIAL ITEMS ASSOCIATED WITH RESTART EXPENSES OF BETWEEN $40 MILLION AND $50 MILLION.ALCOA CORP - IN SECOND HALF OF 2019, COMPANY EXPECTS TO RECORD SPECIAL ITEMS ASSOCIATED WITH RESTART EXPENSES OF $0.22 AND $0.27 PER SHARE.ALCOA - ABI SMELTER PLANS TO RESTART CURTAILED SMELTING CAPACITY AFTER MEMBERS OF UNITED STEELWORKERS UNION IN QUÉBEC, APPROVED SIX-YEAR LABOR AGREEMENT.ALCOA - ABI SMELTER WILL RECALL ABOUT 900 UNIONIZED EMPLOYEES, WITH ALL OF THOSE ON LOCKOUT BACK WITHIN EIGHT MONTHS OF JULY 26 RESTART DATE.  Full Article

USW says ABI Lockout Ends
Tuesday, 2 Jul 2019 

July 2 (Reuters) - USW::UNITED STEELWORKERS - ABI LOCKOUT ENDS.UNITED STEELWORKERS - WORKERS AT ALUMINERIE DE BÉCANCOUR INC. (ABI) VOTED BY A 79.8% MAJORITY TO RATIFY EMPLOYER'S LATEST CONTRACT OFFER.UNITED STEELWORKERS - AS PART OF CONTRACT OFFER FROM ABI, IMPROVEMENTS ALSO WERE MADE TO A RETURN-TO-WORK PROTOCOL.UNITED STEELWORKERS - EMPLOYER GRIEVANCE DEMANDING A $19-MILLION SETTLEMENT FROM UNION ALSO HAS BEEN DROPPED..  Full Article

USW Files Complaint With International Labour Organization Against Quebec Government
Monday, 10 Jun 2019 

June 10 (Reuters) - United Steelworkers::UNITED STEELWORKERS - FILES COMPLAINT WITH INTERNATIONAL LABOUR ORGANIZATION AGAINST QUEBEC GOVERNMENT.USW - COMPLAINT STEMS FROM QUEBEC PREMIER FRANÇOIS LEGAULT'S INTERFERENCE IN NEGOTIATIONS IN 17-MONTH LOCKOUT AT ABI ALUMINUM SMELTER IN BÉCANCOUR.  Full Article

Rio Tinto Says Qtrly Pilbara Iron Ore Shipments (100 Pct Basis) 69.1 MT
Monday, 15 Apr 2019 

April 16 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 69.1 MT VERSUS 80.3 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 143.9 KT VERSUS 139.3 KT A YEAR AGO.2019 GUIDANCE FOR PILBARA SHIPMENTS IS REDUCED TO BETWEEN 333 AND 343 MILLION TONNES.QTRLY ALUMINIUM PRODUCTION 796 KT VERSUS 846 KT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 76.0 MT VERSUS 83.1 MT A YEAR AGO.RIO TINTO'S SHARE OF MINED COPPER PRODUCTION FOR 2019 IS EXPECTED TO BE BETWEEN 550 AND 600 THOUSAND TONNES.RIO TINTO'S PILBARA UNIT COST GUIDANCE IN 2019 REMAINS AT $13 - $14 PER TONNE.RIO TINTO'S EXPECTED SHARE OF BAUXITE PRODUCTION IN 2019 IS BETWEEN 56 AND 59 MILLION TONNES.IN 2019, ALUMINIUM PRODUCTION GUIDANCE IS BETWEEN 3.2 AND 3.4 MILLION TONNES AND ALUMINA PRODUCTION GUIDANCE IS 8.1 TO 8.4 MILLION TONNES.Q1 PRODUCTION HURT BY WEATHER DISRUPTIONS IN MARCH AND A FIRE AT CAPE LAMBERT A IN JANUARY & THESE WILL HAVE AN IMPACT ON Q2 PERFORMANCE.  Full Article

Rio Tinto Updates On Tropical Cyclone Veronica
Sunday, 31 Mar 2019 

April 1 (Reuters) - Rio Tinto Ltd ::UPDATE ON TROPICAL CYCLONE VERONICA.RIO TINTO'S PILBARA SHIPMENTS IN 2019 ARE EXPECTED TO BE AT LOWER END OF 338 AND 350 MILLION TONNES (100 PER CENT BASIS.IRON ORE OPERATIONS IN PILBARA, WESTERN AUSTRALIA, ARE RESUMING FOLLOWING PASSING OF TROPICAL CYCLONE VERONICA.IMPACT OF DISRUPTION WILL RESULT IN A LOSS OF APPROXIMATELY 14 MILLION TONNES OF PRODUCTION IN 2019.INITIAL INSPECTIONS UNCOVERED SOME DAMAGE TO CAPE LAMBERT A PORT FACILITY DUE TO CYCLONE.RIO TINTO HAS DECLARED FORCE MAJEURE ON CERTAIN CONTRACTS AND IS WORKING WITH ITS CUSTOMERS TO MINIMISE ANY DISRUPTION IN SUPPLY.  Full Article

Rio Tinto Says Faces Considerable Geopolitical Uncertainties In 2019
Wednesday, 27 Feb 2019 

Feb 28 (Reuters) - Rio Tinto Ltd ::RIO TINTO SAYS IT FACES CONSIDERABLE GEOPOLITICAL UNCERTAINTIES IN 2019, IN RELATION TO TRADE, & EXPECTS A YEAR OF VOLATILE COMMODITY PRICES.  Full Article

Rio Tinto Updates On Share Buy-Back Programme
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Rio Tinto Ltd ::SHARE BUY-BACK PROGRAMME.ENTERED NON-DISCRETIONARY IRREVOCABLE INSTRUCTION WITH J.P. MORGAN SECURITIES, ACTING AS RISKLESS PRINCIPAL, IN RELATION TO SHARE PURCHASE.IRREVOCABLE INSTRUCTION ON BUYBACK, MAKING TRADING DECISIONS INDEPENDANTLY OF CO FOR PERIOD BETWEEN 28 FEB AND 17 MAY FOR UP TO $240 MILLION.  Full Article

Rio Tinto Launches Climate Change Report
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Rio Tinto Ltd ::LAUNCHES CLIMATE CHANGE REPORT.ON TRACK TO BEAT TARGET OF REDUCING EMISSIONS INTENSITY BY 24 PER CENT FROM 2008 LEVELS BY 2020.  Full Article

RPT-COLUMN-BHP is sailing between China stimulus breeze and trade war storm: Russell

LAUNCESTON, Australia, Aug 20 Spot the problem. The world's biggest mining company, BHP Group, reports its highest profits in five years even as its top customer is engaged in a now protracted trade dispute with the world's largest economy.