Rio Tinto pays US$9bn dividend as metal prices soar
A surge in the prices of iron ore, copper and aluminium meant the FTSE 100 miner generated US$13.7bn of net cash
Company
Rio Tinto Ltd
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Rio Tinto and BHP lead the dividend recovery with more to come
Miners have now linked their payouts to earnings so if metal prices dip so will payouts
Rio Tinto agrees to assess environmental and human rights impacts of former Panguna copper mine
A committee will assess the actual and potential environmental and human rights impacts of the mine
Rio Tinto shuts one furnace at Richards Bay Minerals after tensions in South Africa halt mining at the plant
All operations at RBM remain halted until further notice
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Nico Swart, the general manager of RBM, was killed in an ambush in May on his way to work
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Heads rolled after Rio Tinto famously dynamited an old aboriginal rock shelter at the Juukan gorge last year
What are borates and why are they important in industry? A 2-minute explainer
Boron and borates have uses from sustainable fertiliser, in the production of numerous alloys, in bone and muscle supplements, adding heat-resistance to glass and forming components for lithium-ion batteries
Sell Rio Tinto says UBS as iron ore "approaching inflection point"
Near-term risks for commodities are increasing, the Swiss bank said, with the Fed turning more hawkish and China taking action to deflate metal prices
Rio Tinto confirms Peter Cunningham as chief financial officer
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Rio Tinto appoints former aboriginal affairs minister to board
"I am convinced that Rio Tinto is committed to changing its approach to cultural heritage issues and restoring its reputation," said new non-executive director Ben Wyatt.
Mining indicator downgraded close to sell territory, says broker
The indicator uses a combination of ratios from the sub-indices of a key Chinese steel survey
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Rio Tinto goes ahead with 20% pay rise to chief executive who left after Australian heritage site blast
Over 60% of shareholders voted against two resolutions on the firm’s remuneration report
Archive
Miners in focus for Wednesday while UK inflation data provides macro flavour
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Rio Tinto says first-quarter output in line with guidance, keeps target for the year unchanged
Production guidance for the year was unchanged, although it warned that iron ore shipments and bauxite output guidance remain subject to weather and market conditions
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