RIO.L - Rio Tinto Group
| Previous Close | 3,961.50 |
| Open | 3,938.50 |
| Bid | 3,915.00 x 0 |
| Ask | 4,240.00 x 0 |
| Day's Range | 3,915.17 - 3,996.50 |
| 52 Week Range | 3,489.00 - 5,039.00 |
| Volume | 2,019,470 |
| Avg. Volume | 3,469,549 |
| Market Cap | 66.826B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 4.97 |
| EPS (TTM) | 797.40 |
| Earnings Date | Aug. 1, 2019 |
| Forward Dividend & Yield | 2.59 (6.56%) |
| Ex-Dividend Date | 2019-08-08 |
| 1y Target Est | 53.70 |
- Simply Wall St.
Does Rio Tinto Group (LON:RIO) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- Bloomberg
Businesses Finally Think Big About Cutting Emissions
(Bloomberg Opinion) -- Amazon.com Inc.’s recent announcement that its operations will be carbon neutral by 2040 stands out for its sheer size. But Amazon is only one among dozens of companies that announced new carbon-intensity benchmarks ahead of this week’s United Nations General Assembly.It’s hardly a new phenomenon. Eighty-one percent of S&P 500 companies had set emissions-reduction or energy-use targets by at least four years ago. But many of these amounted to business as usual; the goals were set according to existing regulations, or emission-abatement projects already underway. Today’s targets are more ambitious, because they’re based on science.That is, the targets are set to enable companies to do their share to lower emissions enough to keep warming under 2 degrees Celsius, the scenario outlined in the UN Paris Agreement. They’re the first targets to align the private sector with the larger fight against climate change.And that’s important, because companies have so much work to do. New research from BloombergNEF has found that the 237 companies that had approved science-based targets through July 2019 (with a cumulative market cap of $6.5 trillion) will need to collectively reduce their emissions by 139 million tons of carbon dioxide by 2030.This is equivalent to eliminating half of Spain’s annual emissions. And the total will only grow as hundreds more companies set targets.Certain industries will have an easier time than others hitting their marks. Utilities, for example, which are expected to account for 60% of the emission reductions in BNEF’s analysis, have already been switching to clean energy from coal and natural gas. On the other hand, materials manufacturers, which produce emissions via energy-intensive chemical processes, will have a harder time achieving their goals.Unfortunately, science-based targets have yet to be set for several of the world’s heaviest-emitting businesses — including agriculture, which produces 24% of global emissions, and the oil and gas industries, which produce 10%. All this adds context to a recent announcement from Rio Tinto Plc that it will work with China Baowu Steel Group and Tsinghua University to lower the steel sector’s emissions. Rio Tinto does not actually have any emissions from steel-making; it produces only the coal and iron ore inputs. Its steel-making customers are the emitters, but Rio Tinto can help by exerting influence on their activities. That matters, because steel production accounts for 7% of all carbon emissions. Those emissions are hard to account for, and hard to abate — and therefore, all the more worth addressing with science-based targets.To contact the authors of this story: Nathaniel Bullard at nbullard@bloomberg.netKyle Harrison at kharrison17@bloomberg.netTo contact the editor responsible for this story: Mary Duenwald at mduenwald@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.Kyle Harrison is a BloombergNEF analyst focused on corporate energy strategy.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Here's What Rio Tinto Group's (LON:RIO) P/E Ratio Is Telling Us
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
- Reuters
Rio Tinto sees rosy future for diamonds despite end of Argyle
Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said. Coloured or particularly large diamonds, however, have held value, especially pink diamonds, 90% of which are produced by Argyle. Arnaud Soirat, Rio's chief executive for copper and diamonds, said pink diamonds had risen in price by 500% since 2000.
- Reuters
Rio signs deal with China partners to cut carbon in steelmaking
The world's top iron ore miner Rio Tinto Ltd has signed a preliminary deal with two Chinese partners to develop new ways to cut carbon emissions along the steelmaking supply chain, it said in a statement on Wednesday. The collaboration between Rio Tinto and China's largest steel producer, China Baowu Steel Group, and Tsinghua University aims to address the steel industry's carbon footprint and improve its environmental performance, Rio's chief executive told a steel conference on Wednesday in Qingdao, China, according to the statement.
- The Guardian
Rio Tinto strikes deal with big Chinese customer to find ways to cut emissions
Rio Tinto will work with its biggest Chinese iron ore customer, China Baowu Steel Group, on ways to reduce carbon emissions from steelmaking. Photograph: Jianan Yu/ReutersMining giant Rio Tinto has struck a deal with its biggest Chinese iron ore customer, China Baowu Steel Group, to develop ways to reduce carbon emissions pumped into the atmosphere as part of the steelmaking process.The partnership, signed on Wednesday, is an attempt by Rio Tinto to curb its “scope 3” emissions – those made by its customers – and follows a pledge in July by its rival, BHP, to spend $400m as part of a plan to tackle the climate crisis.It comes despite a campaign by the Morrison government to get big business to shut up about social issues such as the environment and restrict its campaigns to economic territory including corporate tax cuts.Coal-burning steel mills are a significant source of carbon dioxide emissions, creating about 1.8 tonnes of carbon emissions per tonne of steel and accounting for between 7% and 9% of the global total.It is possible to slash emissions by substituting hydrogen that has been manufactured using renewable energy for metallurgical coal, but the technology is not yet in commercial use.However, it is understood the partnership between Rio Tinto and China Baowu, which also includes Tsinghua University, will also look at emissions from shipping.Shipping represents low-hanging fruit for companies looking to improve their environmental credentials because emissions can be quickly reduced by changing from ships using bunker fuel – heavy, carbon-intensive oil – to natural gas.The China Baowu agreement is Rio Tinto’s second project attacking scope 3 emissions. Last year, the company entered an agreement with the Canadian government, Alcoa and Apple to develop a carbon-free method of making aluminium.Steelmakers around the world are under increasing pressure to curb their emissions.In Europe, carbon pricing has crimped steel mill profits, putting jobs at risk and forcing companies to look for alternatives to coal to save on emissions costs.Both Rio Tinto and BHP have said they want to dramatically reduce their emissions but the strong language has so far not been enough to satisfy activists.Rio Tinto says it supports the international Paris agreement, which is designed to keep the increase in global temperature below 2C, and is aiming for the “substantial decarbonisation” of its entire business by 2050.The Rio Tinto chief executive, Jean-Sébastien Jacques, said the China Baowu deal would “bring together solutions to help address the steel industry’s carbon footprint and improve its environmental performance.“The materials we produce have an important role to play in the transition to a low carbon future and we are committed to partnering with our customers and others to find the most sustainable ways to produce, process and market them,” he said.
- Motley Fool
Why Mining Stock Prices Crashed in August
Commodity-related stocks declined on fears over global growth.
- Simply Wall St.
Is Rio Tinto Group’s (LON:RIO) 18% ROCE Any Good?
Today we'll look at Rio Tinto Group (LON:RIO) and reflect on its potential as an investment. Specifically, we're going...
- Bloomberg
BHP Should Stand Pat on Copper
(Bloomberg Opinion) -- All major miners agree that copper has a bright future. The trouble is how to get at it. Take BHP Group, set to be the world’s biggest producer this year after Freeport-McMoRan Inc. sold down its stake in Indonesia’s Grasberg mine. Costs at BHP’s massive Escondida pit in Chile, which accounts for about one in 20 tons of copper mined globally, keep on disappointing. They’ll rise from the current $1.14 a pound to a range of $1.20 to $1.35/lb next year, the miner said in annual results Tuesday, well above its ambitions to keep them shy of $1.15/lb.When the copper price is trading close to three-year lows at $2.61/lb, that still makes for a pretty profitable business. But with production for the whole copper business seemingly capped at around 1.75 million metric tons a year, it isn’t clear where volume growth will come from. Miners love copper because it’s seen as a way to make a bet on a clean-energy future. Electric cars contain between four and 10 times as much copper as conventional ones, and wind and solar generators are forecast to consume 813,000 tons annually by 2027. It’s not clear that projects currently in the pipeline will be sufficient to produce enough metal to keep the market supplied once those sources of demand start ramping up around the middle of the next decade.BHP’s main expansion at the moment is an extension of its Spence mine in Chile, which is set to go into production by December next year. That should add about 185,000 tons of annual production – barely enough to offset the the gradual exhaustion of the Cerro Colorado and Antamina pits, which have less than a decade of reserve life left in them.Beyond that is the potentially massive, geologically difficult expansion of South Australia’s Olympic Dam mine. That pit has long been a challenge. Its significant uranium content would make BHP a major and low-cost producer of the atomic fuel. The risk, though, is that such a large influx of supply would crash the uranium oxide market and weaken the high-stakes economics of the project itself. In theory, there ought to be interesting opportunities for M&A in the current environment. Freeport, for instance, could almost double BHP’s copper production, and has a lot less political risk attached now the long tussle with Jakarta over Grasberg is over.With return on capital employed of about 11%, it’s outperforming the underlying 6% return in BHP’s copper business and could be bought for about nine months’ cashflow. But with Elliott Management Corp. still a lingering presence on the shareholder register, management are unlikely to want to do anything too splashy. Indeed, BHP’s rivals are prime examples of the risks that can be run from being too bold around copper. Rio Tinto Group’s Oyu Tolgoi mine in Mongolia could cost as much as $1.9 billion more than forecast, with first production from the expanded project delayed until the middle of 2023, the company said last month. Glencore Plc this month announced plans to shut its Mutanda copper mine in the Democratic Republic of Congo due to rising costs and weak pricing for cobalt, an important by-product from the operation.There may be a lesson in that. For all the billions BHP has spent on copper over the past decade, its returns from the red metal are still among the worst in the group. Rather than chasing volume, it might be better off watching the pennies, letting the market tighten and hoping prices rise to justify the money that’s already been spent. When the cards on the table look weak, there are worse things to do than just stand pat.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Did Rio Tinto Group's (LON:RIO) Share Price Deserve to Gain 64%?
It might be of some concern to shareholders to see the Rio Tinto Group (LON:RIO) share price down 17% in the last...
- Thomson Reuters StreetEvents
Edited Transcript of RIO.L earnings conference call or presentation 1-Aug-19 9:00am GMT
Half Year 2019 Rio Tinto PLC Earnings Call
- Simply Wall St.
Should You Buy Rio Tinto Group (LON:RIO) For Its Upcoming Dividend In 3 Days?
It looks like Rio Tinto Group (LON:RIO) is about to go ex-dividend in the next 3 days. This means that investors who...
Motley FoolRio Tinto plc (RIO) Q2 2019 Earnings Call Transcript
RIO earnings call for the period ending June 30, 2019.
- Reuters
UPDATE 2-Shell, Fed stance weigh on FTSE 100; BoE action hurts mid-caps
London's FTSE 100 ended flat on Thursday despite a profit miss from Shell and dampened hopes of big U.S. interest rate cuts, while the mid-cap FTSE 250 index slipped after Brexit worries led the Bank of England to cut its growth forecasts. Losses were contained by BAT and as London Stock Exchange surged 6.5% to an all-time high after a deal to buy financial information firm Refinitiv, in which Reuters News parent Thomson Reuters holds a 45% stake.
- Reuters
Rio Tinto addresses operational problems, delivers record payout
Rio Tinto announced its highest margins in a decade and a record dividend payout on Thursday, but acknowledged it was grappling with operational issues in Australia and Mongolia. Rio's shares were down 3.4% by 1330 GMT in London. Analysts cited macro-economic tensions as a reason for caution, as growth slows in China, Rio's biggest customer for iron ore.
- Simply Wall St.
What Do Investors Need To Know About Rio Tinto Group's (LON:RIO) Future?
In December 2018, Rio Tinto Group (LON:RIO) released its earnings update. Generally, the consensus outlook from...
- Simply Wall St.
What Kind Of Shareholders Own Rio Tinto Group (LON:RIO)?
A look at the shareholders of Rio Tinto Group (LON:RIO) can tell us which group is most powerful. Generally speaking...
