Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is evaluating strategic options for its titanium business, including a potential sale, amid persistently weak global prices and falling returns, sources familiar with the matter told Reuters. The review comes as incoming CEO Simon Trott prepares to take over next month, with expectations he will sharpen Rio's focus on core assets such as iron ore, cop...
Over the past year, Rio Tinto (NYSE: RIO) shares have mostly remained stagnant, appreciating just 1% over this period. In contrast, the S&P 500 index has risen by 14% during the same timeframe.
LONDON--(BUSINESS WIRE)--Rio Tinto and Empresa Nacional de Minería (ENAMI), a state-owned Chilean mining company, signed a binding agreement to form a joint venture to develop the Salares Altoandinos lithium project in the Atacama region. The signing follows a 23 May announcement of Rio Tinto's nomination as the preferred partner for the project. As previously announced, Rio Tinto has agreed to...
Q2 production was robust, with iron ore, copper, and bauxite tracking ahead, while key growth projects remain on schedule and within budget. Valuation remains attractive with Rio Tinto trades below the historical EV/EBITDA average. We believe the new CEO, Simon Trott, will pursue his mandate to unlock value through simplification and improved operational efficiency.
Rio Tinto is a diversified iron miner with strong financials, healthy margins, and a robust balance sheet and yield, making it attractive for dividend-focused investors. The company offers a compelling ~6.5% dividend yield, supported by a flexible payout policy ideal for commodity cycles and long-term income portfolios. Growth opportunities lie in expanding copper and lithium production, positi...
Shares in Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Antofagasta PLC (LSE:ANTO) both rose 2% after the giant miners posted operational updates for the second quarter. A day after announcing that iron ore chief Simon Trott will take over as CEO next month, RIO's current boss hailed "excellent" performance from the group's mines, with record production from the bauxite business and from the ...
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “We delivered excellent operational performance from our mine operations with record production from our bauxite business and from Oyu Tolgoi as it ramps up to become the world's fourth largest copper mine before the end of the decade. “We continue to make strong progress in our production and growth projects...
It certainly hasn't spooked the livestock. Then again, nobody's setting off the flares and fireworks as Rio Tinto Ltd's (LSE:RIO, ASX:RIO, OTC:RTNTF) opted to appoint an insider to the top job.
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