RIO.AX - Rio Tinto Limited

ASX - ASX Delayed Price. Currency in AUD
69.17
+0.05 (+0.07%)
At close: 3:59PM AEDT
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Previous Close69.12
Open68.60
Bid76.08 x 416200
Ask65.36 x 144900
Day's Range68.39 - 69.31
52 Week Range50.92 - 72.01
Volume1,602,231
Avg. Volume2,052,855
Market Cap123.03B
BetaN/A
PE Ratio (TTM)20.17
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Rio Tinto & former execs charged with fraud
    Reuters Videos4 days ago

    Rio Tinto & former execs charged with fraud

    The U.S. Securities and Exchange Commission has charged mining company Rio Tinto and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique. Laura Frykberg reports

  • Former Rio Tinto CFO Elliott resigns from Britain's Takeover Panel
    Reuters2 days ago

    Former Rio Tinto CFO Elliott resigns from Britain's Takeover Panel

    Former Rio Tinto chief financial officer Guy Elliott has stepped down from Britain's Takeover Panel following fraud charges brought by the U.S. Securities and Exchange Commission related to his time at ...

  • Reuters2 days ago

    Rio opens books to over half-dozen possible suitors for Australia coal mines – sources

    Global miner Rio Tinto (RIO.AX) (RIO.L) has opened its books to more than a half-dozen potential buyers of its remaining two Australian coal mines as it winds down the sales process, two people familiar with the sale process said on Friday. The Kestrel and Hail Creek coking coal mines on the block have attracted some of Australia's established coal miners, as well as private equity firms attracted to the positive outlook for selling metallurgical coal to Asian steel mills at robust prices, according to the people. The mines could fetch around $2 bln, the sources said, in a sale that if successful would complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminium, where it maintains greater market share.

  • SEC's Challenge on Rio Tinto: Self Delusion or Fraud?
    Bloomberg2 days ago

    SEC's Challenge on Rio Tinto: Self Delusion or Fraud?

    The coal mine fiasco is a lesson in leadership.

  • Rio Holds Talks With Indonesia About Exit from Giant Mine
    Bloomberg2 days ago

    Rio Holds Talks With Indonesia About Exit from Giant Mine

    Rio Tinto Group has held talks with Indonesian groups, including state-owned PT Indonesia Asahan Aluminium, about a possible exit from its interest in the giant Grasberg copper and gold operation, according ...

  • Financial Times2 days ago

    [$$] Why investors shrug off Rio Tinto's scandals

    Capitalism is supposed to be a fight for survival. Most discussions of markets lapse into Darwinian clichés before too long. In particular instances, however, the market can be remarkably forgiving of ...

  • Bloomberg2 days ago

    South32 Studies Bid for $1.6 Billion Rio Coal Portfolio

    South32 Ltd. is studying a potential bid for Rio Tinto Group’s A$2 billion ($1.6 billion) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for ...

  • Reuters2 days ago

    BHP presents united front against activist Elliott

    The new chairman of BHP (BLT.L) (BHP.AX), the world's biggest miner, threw his weight behind his CEO on Thursday after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent. Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy. "Any suggestion there is a set timeline around Andrew's tenure is simply false and without merit," Chairman Ken MacKenzie told reporters after his first AGM since taking office at the start of September.

  • These 3 Blue-Chip Dividend Stocks Have Massive Yields
    Motley Fool3 days ago

    These 3 Blue-Chip Dividend Stocks Have Massive Yields

    Want to double the market's dividend? Look at these stocks.

  • Coal Mines, Robots and Psychopaths
    Bloomberg3 days ago

    Coal Mines, Robots and Psychopaths

    Also personal ICOs, bond volatility and bank buybacks.

  • U.S. SEC charges Rio Tinto, former top executives with fraud
    Reuters3 days ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. The U.K.'s Financial Conduct Authority (FCA) also said on Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million ($35.6 million) to settle claims that it breached accounting rules in connection with the Mozambique assets. The Mozambican coal business, which relied on barging the product down the Zambezi River to export via a planned port on the coast, was acquired for $3.7 billion in 2011 from Riversdale Mining and sold a few years later for $50 million.

  • Reuters3 days ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    * SEC seeks to bar Albanese, Elliott from roles at public companies. SYDNEY/NEW YORK, Oct 18 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.

  • TheStreet.com3 days ago

    IBM Helps Lift Dow Past 23,000 as Stocks Advance Higher

    All three benchmark indexes snag intraday records on Wednesday.

  • Financial Times3 days ago

    [$$] Rio Tinto suffers reputation blow after second African misadventure

    Rio Tinto's ill-conceived foray into Mozambique coal - which became one of the worst mining deals of the decade-long commodities boom - has returned to haunt the Anglo Australian company, raising questions ...

  • MarketWatch3 days ago

    FTSE 100 ends higher as weak wages keep pound under pressure

    A continued pullback in the pound helps push U.K. stocks higher Wednesday, as lackluster figures on British wages may help shape the Bank of England’s thinking on an interest-rate hike.

  • Fraud Charges Put Mining's M&A Disasters Back in the Spotlight
    Bloomberg4 days ago

    Fraud Charges Put Mining's M&A Disasters Back in the Spotlight

    For executives in the mining industry, only just emerging from a decade of disastrous investments, the prosecution of two former Rio Tinto Group officers by U.S. authorities is the latest reminder of how ...

  • Reuters4 days ago

    Factbox: Excerpts from U.S. SEC fraud filing against Rio Tinto former top executives

    Thomas Albanese, 60, was chief executive of Rio Tinto from May 2007 until January 2013, when he was forced out after the company announced massive impairments. Guy Robert Elliott, 61, was chief financial officer of Rio Tinto from 2002 to April 2013. "There is no truth in any of these charges," Albanese said in a statement following publication of the SEC fraud case.

  • Reuters4 days ago

    Factbox: Excerpts from U.S. SEC fraud filing against Rio Tinto former top executives

    Thomas Albanese, 60, was chief executive of Rio Tinto from May 2007 until January 2013, when he was forced out after the company announced massive impairments. Guy Robert Elliott, 61, was chief financial officer of Rio Tinto from 2002 to April 2013. "There is no truth in any of these charges," Albanese said in a statement following publication of the SEC fraud case.

  • TheStreet.com4 days ago

    SEC Hits Rio Tinto and Former Top Execs With Fraud Charges

    The mining group and its former CEO and CFO deny SEC allegations they hid losses on a Mozambique coal investment to facilitate fund raising.

  • Reuters4 days ago

    Timeline: Rio Tinto faces fraud charges over Mozambique coal investment

    The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique ...

  • Financial Times4 days ago

    [$$] US charges Rio Tinto and former chiefs with fraud

    Rio Tinto and two former senior executives were hit with US fraud charges, and the miner with a UK penalty, on Tuesday for allegedly trying to hide a multibillion-dollar business failure by inflating the ...

  • Rio Tinto's Scramble for Africa
    Bloomberg4 days ago

    Rio Tinto's Scramble for Africa

    An SEC complaint is a reminder of the value of spending discipline in the mining industry.

  • Barrons.com4 days ago

    Rio Tinto to Vigorously Defend Fraud Allegations

    Rio Tinto (RIO.AU) said it will vigorously defend itself against fraud allegations over the timing of the impairment in relation to its failed acquisition of the Australian-listed, Mozambique-focused coking coal explorer Riversdale Mining. The U.S Securities and Exchange Commission has charged Rio Tinto, its former CEO Thomas Albanese, and its former CFO Guy Elliott with fraud for inflating the value of the Mozambique coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s complaint, which was filed in federal court in Manhattan, alleges that the miner and and the two former executives failed to follow accounting standards and company policies to accurately value and record its assets. “As alleged in our complaint, Rio Tinto’s top executives allegedly breached their disclosure obligations and corporate duties by hiding from their board, auditor, and investors the crucial fact that a multi-billion dollar transaction was a failure,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.

  • Reuters4 days ago

    PRESS DIGEST- British Business - Oct 18

    The following are the top stories on the business pages of British newspapers. - An attempt by the UK government to keep secret documents about the financial crisis during the 600-million-pound lawsuit over Lloyds Banking Group Plc's acquisition of HBOS has been thwarted, as the judge refused a request by the Department for Business, Energy and Industrial Strategy to suppress full publication of documents that contain the views of the government compiled at the height of the crisis in 2008. - The UK Civil Aviation Authority has defended its actions over the collapse of Monarch Airlines, saying that it was not to blame for the carrier going into administration.