16 Followers USX:RIO - Rio Tinto PLC Rio Tinto ADR
Sector: Materials, Industry: Diversified Metals & Mining
Next Earnings: 16 Apr 2024
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USD 63.46    +1.29 (+2.07%)

27 Mar 2024


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General

CEO: Mr. Jakob Stausholm M.S., MS

IPO: 1990-06-28

Headquarters: US

Employees: 54,000

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Description

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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