Edition:
United Kingdom

Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

4,275.00GBp
23 May 2018
Change (% chg)

-140.00 (-3.17%)
Prev Close
4,415.00
Open
4,360.00
Day's High
4,374.00
Day's Low
4,265.00
Volume
7,115,288
Avg. Vol
4,371,989
52-wk High
4,428.50
52-wk Low
2,970.00

Latest Key Developments (Source: Significant Developments)

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

Rio Tinto Posts Qtrly Pilbara Iron Ore Shipments Of 90.0 MT
Monday, 15 Jan 2018 

Jan 16 (Reuters) - Rio Tinto Ltd ::QTRLY ALUMINIUM PRODUCTION ‍887​ KT VERSUS 925 KT A YEAR AGO.QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 90.0 MT VERSUS 87.7 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION ‍148.6​ KT VERSUS 133.8 KT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 87.9 MT VERSUS 85.5 MT A YEAR AGO.‍PILBARA SHIPMENTS IN 2018 ARE EXPECTED TO BE BETWEEN 330 AND 340 MILLION TONNES​.‍RIO TINTO'S EXPECTED SHARE OF MINED COPPER PRODUCTION FOR 2018 IS EXPECTED TO BE BETWEEN 510 AND 610 THOUSAND TONNES​.SILVERGRASS IRON ORE MINE WAS COMMISSIONED IN Q4 OF 2017 AND WILL CONTINUE TO RAMP UP IN 2018.RIO TINTO - CO'S SHARE OF 2018 PRODUCTION SEEN BETWEEN 49 - 51 MILLION TONNES BAUXITE, 8.0 - 8.2 MILLION TONNES ALUMINA AND 3.5 - 3.7 MILLION TONNES ALUMINIUM​."‍PRODUCTION AND SHIPMENT GUIDANCE FOR 2018 REMAINS UNCHANGED FROM ESTIMATES PROVIDED AT INVESTOR SEMINAR HELD ON 4 DEC 2017"​.REFINED COPPER ‍SMELTER RESUMED PRODUCTION IN NOV 2017, IS EXPECTED TO DRAW DOWN INCREASE IN CONCENTRATE INVENTORY IN H1 2018 ​.  Full Article

USW Rejects Management Decision To Lock Out Employees At ABI Aluminum Smelter
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - United Steelworkers::UNITED STEELWORKERS REJECTS MANAGEMENT DECISION TO LOCK OUT EMPLOYEES AT ABI ALUMINUM SMELTER.UNITED STEELWORKERS SAYS "REITERATED WILLINGNESS TO RESUME NEGOTIATIONS" WITH ABI TO RESOLVE THE "KEY CONTENTIOUS ISSUES".  Full Article

USW Union Members Reject Company Offer At ABI Smelter
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - United Steelworkers::UNITED STEELWORKERS - UNION MEMBERS EMPLOYED AT ABI ALUMINUM SMELTER IN BÉCANCOUR VOTED BY MAJORITY OF 80.3% TO REJECT CO'S LATEST CONTRACT OFFER.  Full Article

Rio Tinto Receives Binding Offer For Dunkerque For $500 Mln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Rio Tinto Plc ::‍RECEIVED A BINDING OFFER FROM LIBERTY HOUSE TO ACQUIRE RIO TINTO'S ALUMINIUM DUNKERQUE SMELTER IN NORTHERN FRANCE FOR $500 MILLION.‍HAS RECEIVED A BINDING OFFER FROM LIBERTY HOUSE TO ACQUIRE RIO TINTO'S ALUMINIUM DUNKERQUE SMELTER IN NORTHERN FRANCE FOR $500 MILLION, SUBJECT TO FINAL ADJUSTMENTS​.‍SUBJECT TO SATISFACTORY COMPLETION OF THESE CONSULTATIONS, RIO TINTO EXPECTS TO COMPLETE SALE OF ALUMINIUM DUNKERQUE IN Q2 OF 2018​.‍PROPOSAL RECEIVED FROM LIBERTY HOUSE INCLUDES PLANS FOR MODERNISATION OF SITE​.RIO TINTO RECEIVES A BINDING OFFER FOR DUNKERQUE.  Full Article

Rio Tinto Completes Share Buy-Back
Tuesday, 26 Dec 2017 

Dec 27 (Reuters) - Rio Tinto Ltd ::RIO TINTO SUCCESSFULLY COMPLETES $1.5B SHARE BUY-BACK-RIO.AX.WILL COMMENCE FURTHER $1.925 BILLION ON-MARKET BUY-BACK OF RIO TINTO PLC SHARES, TO BE COMPLETED NO LATER THAN 31 DECEMBER 2018.  Full Article

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Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

JAKARTA A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto , according to government and company officials.