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United Kingdom

Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

4,016.50GBp
19 Jan 2018
Change (% chg)

7.00 (+0.17%)
Prev Close
4,009.50
Open
4,024.00
Day's High
4,062.00
Day's Low
4,008.50
Volume
2,930,618
Avg. Vol
4,452,158
52-wk High
4,189.50
52-wk Low
2,882.50

Latest Key Developments (Source: Significant Developments)

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

Rio Tinto Sees 2018 Mined Copper Production At 510-610 KT
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Rio Tinto Ltd ::SEES 2018 MINED COPPER PRODUCTION AT 510-610 KT , SEES 2018 REFINED COPPER PRODUCTION AT 225-265 KT.  Full Article

Rio Tinto Says Capital Expenditure Expected To Be Less Than $4.5 Bln In 2017​​
Sunday, 3 Dec 2017 

Dec 4 (Reuters) - Rio Tinto Ltd ::‍"$5 BILLION PRODUCTIVITY PROGRAMME WILL HELP DRIVE VALUE OVER NEXT FIVE YEARS"​.‍GROUP TARGET OF $1.5 BILLION OF ANNUAL ADDITIONAL FREE CASH FLOW FROM 2021​.‍CAPITAL EXPENDITURE EXPECTED TO BE LESS THAN $4.5 BILLION IN 2017​.‍CAPEX GUIDANCE OF $5.5 BILLION IN 2018 AND $6 BILLION IN BOTH 2019 AND 2020.​.‍IS TARGETING $5 BILLION IN ADDITIONAL FREE CASH FLOW FROM ITS FIVE-YEAR PRODUCTIVITY PROGRAMME FROM 2017-2021.​.‍ON TRACK TO DELIVER ADDITIONAL FREE CASH FLOW OF $300 MILLION FROM PRODUCTIVITY IMPROVEMENTS IN 2017 AND A CUMULATIVE $900 MILLION BY END OF 2018​.‍SUSTAINING CAPITAL EXPENDITURE IN PILBARA IS EXPECTED TO BE AROUND $1 BILLION A YEAR OVER NEXT THREE YEARS​.‍PILBARA SHIPMENT GUIDANCE OF 330-340 MILLION TONNES OF IRON ORE FOR 2018​.‍$1.9 BILLION PLC SHARE BUYBACK TO BE COMPLETED BY END OF 2018​.  Full Article

Rio Tinto Appoints Simon Thompson As Chairman
Sunday, 3 Dec 2017 

Dec 4 (Reuters) - Rio Tinto Ltd ::SIMON THOMPSON TO SUCCEED JAN DU PLESSIS AS CHAIRMAN.‍THOMPSON, WHO JOINED RIO TINTO BOARD AS A NON- EXECUTIVE DIRECTOR IN 2014, WILL BECOME CHAIRMAN ON 5 MARCH 2018​.‍SAM LAIDLAW WILL SUCCEED THOMPSON AS CHAIR OF RIO TINTO REMUNERATION COMMITTEE WITH EFFECT FROM 5 MARCH 2018​.  Full Article

Rio Tinto signs mineral exploration agreement with Minmetals​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Rio Tinto Ltd :‍CO AND MINMETALS HAVE SIGNED A TECHNICAL COLLABORATION AGREEMENT, FORMALISING A COLLABORATIVE PARTNERSHIP IN MINERAL EXPLORATION.​.  Full Article

Rio Tinto says Co and Sinosteel Corporation agree to extend Channar Mining Joint Venture
Thursday, 23 Nov 2017 

Nov 24 (Reuters) - Rio Tinto Ltd ::Rio Tinto and Sinosteel extend Channar Mining joint venture.‍Rio Tinto and China's Sinosteel Corporation have agreed to extend their historic channar mining joint venture.​.Extension of JV will see an additional 10 million tonnes of iron ore delivered into joint venture from Western Australia.​.‍Extension will see Sinosteel make an upfront payment of US$15 million to Rio Tinto as well as production royalties linked to iron ore price​.Extension is conditional upon approvals from Western Australian, Australian and Chinese governments..‍This third extension will increase life of joint venture to cover production totalling 290 mln tonnes​​.  Full Article

UPDATE 1-Mongolia's Oyu Tolgoi declares force majeure after border protests

ULAANBAATAR, Jan 18 The Oyu Tolgoi copper-gold mine in Mongolia's southern Gobi Desert declared force majeure after protests by Chinese coal haulers disrupted deliveries near the border, majority owner Turquoise Hill said Wednesday.