Rio Tinto warns of heavy $400m hit to earnings as Covid-19 hampers production July 16, 2022 Rio Tinto has warned COVID 19-related labour shortages and rising inflation would damage its earnings in the second half of 2022.
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
Scandal-hit Rio Tinto suffers heavy drop in iron ore shipments April 20, 2022 Rio Tinto has hiked its production guidance on all fronts for this year, after wrestling with Covid-19 and its lingering controversy.
RioTinto leaves lobby group amid environmental concerns April 14, 2022 Rio Tinto has left its state mining lobby group, after raising concerns that its coal expansion policy on did not align with the Paris agreement.
Rio Tinto unveils whopping $16.8bn dividend with surging iron ore demand powering profits February 23, 2022 Rio Tinto has paid out a monster $16.8bn dividend to shareholders, the second biggest in the history of the FTSE 100.
Rio Tinto to pay out biggest-ever dividend to shareholders after achieving record earnings of £15.7bn February 23, 2022 Mining firm Rio Tinto achieved record financial results in 2021, recording a free cash flow of £13bn and underlying earnings of £15.7bn. The figures led to the company paying its biggest ever dividend to shareholders. Net cash generated from the iron ore producer’s operating activities improved 60 per cent on 2020 levels while profit after [...]
Rio Tinto acquires $825m Argentine lithium project after Serbia plans blocked December 21, 2021 Anglo-Australian miner Rio Tinto today announced it has agreed to buy the $825m Rincon lithium project in Argentina from Rincon Mining, in an effort to keep the momentum going for its push into battery materials as a way to future-proof for the transition to net zero. The world’s second-largest miner said it has purchased the lithium [...]
Juukan Gorge controversy: Rio Tinto hires new chair in leadership overhaul December 20, 2021 Rio Tinto has appointed a new chair, which forms part of the miner’s board overhaul this year following the Juukan Gorge controversy. Incoming chair Dominic Barton will join the board in April, and be appointed to role at its annual shareholder meeting a month later after spending three decades at the consultancy heavyweight McKinsey & [...]
Rio Tinto to halve carbon output by 2030 with $7.5bn worth of investments October 20, 2021 Anglo-Australian miner Rio Tinto is set to halve its carbon output by 2030, which it said will be supported by around $7.5bn in investments. The new emissions goal, which more than triples its previous target, should see the mining giant slash its scope one and two emissions, meaning it seek to limit the emissions produced [...]
Rio Tinto ‘will dispute’ £190m fine from Australian tax watchdog September 16, 2021 Rio Tinto has been issued with a £186.36m fine from Australian authorities, according to a regulatory filing today, which the mining giant said it “will dispute”. The fine, dished out by the Australian Taxation Office, was for denying interest deductions on an isolated borrowing that was used to pay an internal dividend back in 2015. [...]