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Rio Tinto PLC (RIO.BA)

RIO.BA on Buenos Aires Stock Exchange

39.00ARS
13 Jul 2018
Change (% chg)

$-0.50 (-1.27%)
Prev Close
$39.50
Open
$39.50
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$39.50
Day's Low
$38.00
Volume
3,423
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13,920
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$56.20
52-wk Low
$25.00

Latest Key Developments (Source: Significant Developments)

Freeport says terms of new Indonesian agreement positive
Thursday, 12 Jul 2018 

July 12 (Reuters) - :FREEPORT SELLING SHARES TO INALUM FOR $350 MILLION, "DISCOUNTED" TO FACILITATE TRANSACTION - CHIEF EXECUTIVE RICHARD ADKERSON.FREEPORT HAS AGREED TO CONSTRUCT SMELTER IN INDONESIA WITHIN FIVE YEARS OF DEAL CONSUMMATION - CEO ADKERSON.FREEPORT-MCMORAN'S GRASBERG PERMIT WILL EXTEND TO 2041 WITH LEGAL, FISCAL CERTAINTY THAT CAN'T BE CHANGED BY FUTURE LAWS OR REGULATIONS - CEO ADKERSON.FREEPORT WORKING CLOSELY WITH INDONESIAN GOV'T TO RESOLVE ENVIRONMENTAL ISSUES, HAS BEEN ASSURED RESOLUTION WILL BE FOUND THAT ACCEPTABLE TO ALL PARTIES - CEO.FREEPORT DOES NOT EXPECT MATERIAL CHANGE IN TAXES AND ROYALTIES GOING FORWARD IN AGGREGATE - CHIEF FINANCIAL OFFICER KATHLEEN QUIRK.FREEPORT PARTNER INALUM HAS NO PLANS TO OWN MORE THAN 51 PERCENT OF GRASBERG - FREEPORT CEO ADKERSON.<<>> JOINT VENTURE - CEO ADKERSON.FREEPORT WILL HAVE SAME TERMS FOR CAPITAL AND INCOME DISTRIBUTION IN AGREEMENT AS IT HAD IN RIO TINTO <<>>, <<>> JOINT VENTURE .  Full Article

Rio Tinto Appoints Jakob Stausholm To Succeed Chris Lynch As CFO
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Rio Tinto Ltd ::HAS APPOINTED JAKOB STAUSHOLM TO SUCCEED CHRIS LYNCH AS CHIEF FINANCIAL OFFICER.STAUSHOLM WILL JOIN RIO TINTO AS AN EXECUTIVE DIRECTOR ON 3 SEPTEMBER 2018 AND TAKE OVER AS CFO ON SAME DAY.  Full Article

Rio Tinto Agrees Sale Of Kestrel Mine For $2.25 Billion​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Rio Tinto Ltd ::RIO TINTO AGREES SALE OF KESTREL MINE.RIO TINTO PLC - ‍RIO TINTO AGREES SALE OF KESTREL MINE TO EMR AND ADARO FOR $2.25 BILLION​.RIO TINTO PLC - DEAL COMPLETION IS EXPECTED TO OCCUR IN SECOND HALF OF 2018..RIO TINTO PLC - ‍BINDING AGREEMENT WITH A CONSORTIUM COMPRISING PRIVATE EQUITY MANAGER EMR CAPITAL AND PT ADARO ENERGY TBK.RIO TINTO PLC - ANTICIPATES THAT AUSTRALIAN INCOME TAX WILL BE PAYABLE ON SALE PROCEEDS WHICH ARE IN EXCESS OF COST BASE OF ASSETS AT COMPLETION.RIO TINTO PLC - CURRENTLY ESTIMATED TAX PAYABLE ON DEAL IS IN ORDER OF $0.5 BILLION, HOWEVER QUANTUM OF TAX PAYABLE WILL DEPEND ON FINAL PROCEEDS.  Full Article

Rio Tinto Launches New Debt Reduction Programme
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Rio Tinto Ltd ::RIO TINTO LAUNCHES NEW DEBT REDUCTION PROGRAMME.‍WILL USE SOME OF ITS SURPLUS LIQUIDITY TO FURTHER REDUCE GROSS DEBT, LAUNCHING A BOND PURCHASE AND REDEMPTION PLAN FOR UP TO $2.25 BILLION EQUIVALENT..‍UNDER PLAN, RIO TINTO ISSUED REDEMPTION NOTICES FOR ABOUT $1.4 BILLION OF FOUR SERIES OF US DOLLAR-DENOMINATED NOTES MATURING IN 2021 AND 2022​.‍ANNOUNCEMENT IS PART OF GROUP'S ONGOING CAPITAL MANAGEMENT PLAN ​.  Full Article

Glencore Says To Acquire Hail Creek Coal Mine
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Glencore Plc ::GLENCORE TO ACQUIRE HAIL CREEK COAL MINE.DEAL ‍FOR A TOTAL CASH CONSIDERATION OF US$1.7 BILLION​.‍ACQUISITION IS SUBJECT TO REGULATORY APPROVALS AND IS EXPECTED TO COMPLETE IN H2 2018​.JV PARTNER HAS RIGHT TO SELL SHARE TO CO, WHICH COULD RESULT IN ADDITIONAL CONSIDERATION OF UP TO US$340 MILLION​.‍ACQUIRE RIO TINTO'S 82% INTEREST IN HAIL CREEK COAL MINE AND ADJACENT COAL RESOURCES ​.TO ‍ACQUIRE RIO TINTO'S 71.2% INTEREST IN VALERIA COAL RESOURCE IN CENTRAL QUEENSLAND​.  Full Article

Rio Tinto To Sell Hail Creek And Valeria To Glencore for $1.7 Bln
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Rio Tinto Ltd ::RIO TINTO AGREES SALE OF HAIL CREEK AND VALERIA.ENTERS INTO BINDING AGREEMENT WITH GLENCORE FOR SALE OF ITS ENTIRE INTERESTS IN HAIL CREEK COAL MINE AND VALERIA COAL DEVELOPMENT PROJECT.‍SALE INCLUDES RIO TINTO'S 82.0 PER CENT INTEREST IN HAIL CREEK OPERATING MINE AND ITS 71.2 PER CENT INTEREST IN VALERIA PROJECT​.‍DEAL FOR $1.7 BILLION​.‍SEPARATE PROCESS UNDERWAY TO SELL RIO TINTO'S REMAINING AUSTRALIAN COAL ASSETS​.COMPLETION EXPECTED IN SECOND HALF OF 2018.CURRENTLY ESTIMATED TAX PAYABLE ON SALE PROCEEDS IS IN ORDER OF $300 MILLION​.  Full Article

U.S. SEC Requests Court To Dismiss Rio Tinto, Two Former Execs' Complaint In Its Entirety‍​ - Court Filing‍​
Tuesday, 20 Mar 2018 

March 20 (Reuters) - :U.S. SEC REQUESTS COURT TO DISMISS RIO TINTO, TWO FORMER EXECS' COMPLAINT IN ITS ENTIRETY‍​ - COURT FILING‍​.  Full Article

Rio Tinto Says Committed To Domestic Power Solution For Oyu Tolgoi
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Rio Tinto Ltd ::‍CONTINUES TO WORK WITH PARTNERS TO DEVELOP BEST SOLUTION FOR DOMESTIC POWER SUPPLY FOR OYU TOLGOI OPERATION​.‍COST AND MEANS OF FINANCING PROJECT TO BE FINALISED BETWEEN SHAREHOLDERS; WILL CONTINUE TO REVIEW CAPEX FORECASTS FOR PROJECT​.  Full Article

Rio Tinto Appoints Royal Mail's CEO Greene As Non-Exec Director
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - RIO TINTO LTD ::‍APPOINTED MOYA GREENE AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR. GREENE WILL JOIN BOARD IN SECOND HALF OF 2018​.‍PAUL TELLIER, NON-EXECUTIVE DIRECTOR SINCE 2007, INDICATED INTENTION TO STEP DOWN FROM BOARD AT CONCLUSION OF AGM ON 2 MAY.‍SEPARATE ANNOUNCEMENT CONFIRMING EFFECTIVE DATE OF GREENE'S APPOINTMENT WILL BE MADE IN DUE COURSE​.  Full Article

Rio Tinto Says "Oyu Tolgoi Underground Development On Track"
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Rio Tinto Ltd ::"OYU TOLGOI UNDERGROUND DEVELOPMENT ON TRACK".  Full Article

Shanghai steel prices fall for second day on China econ concerns

* But further output curbs set to support steel prices -Jefferies