Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 10:05:03 17/01/2025 pm IST			5-day change	1st Jan Change
5,041.00 ^GBX	+2.22%		+4.63%	+6.73%

06/01	Barratt and Persimmon raised but Berkeley cut	AN
03/01	FTSE 100 eases but outperforms European peers	AN

Rio Tinto: joint venture project for an Australian deposit

December 04, 2024 at 02:42 pm IST

Rio Tinto announces that it has signed a preliminary agreement with Sumitomo Metal Mining (SMM) for a joint venture on the Winu project, a copper-gold deposit located in Western Australia's Great Sandy Desert.

Rio Tinto will retain management of the project, while SMM will invest USD 399 million to acquire a 30% stake.

The two companies are also considering a broader strategic partnership to work together to explore opportunities for commercial, technical and strategic collaboration in copper, other base metals and lithium.

A pre-feasibility study and definitive agreements are planned for 2025.

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
RIO TINTO PLC	5,041.00GBX	+2.22%	+4.63%	10TCr
SUMITOMO METAL MINING CO., LTD.	3,594.00JPY	+1.07%	+0.70%	629.16Cr
GOLD	2,703.26USD	-0.42%	+1.25%	-
S&P GSCI COPPER INDEX 2	649.57PTS	-0.42%	+1.17%	-

Latest news about Rio Tinto plc

Barratt and Persimmon raised but Berkeley cut	06/01	AN
FTSE 100 eases but outperforms European peers	03/01	AN
FTSE 100 lower; Tullow Oil jumps on tax case boost	03/01	AN
Rio Tinto: a sailor disappears in international waters	02/01	CF
After a tough 2024, what's next?	02/01
Australian Shares Rise on First Trading Day of 2025; Lendlease to Sell UK Construction Business	02/01	MT
China's 2025 iron ore imports set to hit new high even as steel demand dwindles	02/01	RE
Search Ongoing for Rio Tinto Marine Vessel's Missing Crew Member	02/01	MT
Rio Tinto Confirms Missing Crew Member Aboard its Bulk Carrier	02/01	MT
ASX Preview: Australian Shares on Track for Thin Trading Amid Holiday Lull	27/12	MT
Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024	27/12	MT
Rio Tinto's Takeover Offer Secures Approval from Arcadium Lithium Shareholders	24/12	MT
Australian Shares Inch Up as US Tech Stocks Rally; St Barbara Unit Hit With Tax Claim in Papua New Guinea	24/12	MT
Arcadium Lithium Shareholders Approve Rio Tinto Takeover Deal; Shares Up After Hours	24/12	MT
Arcadium Lithium Secures Shareholder Approval for Rio Tinto Takeover	24/12	MT
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal	24/12	RE
Aldebaran Down More Than 2% Even As Says Nuton to Make Second Payment Worth US$20 Million Under Option Agreement	23/12	MT
European Equities Close Lower in Friday Trading; Novo Nordisk Shares Fall After Obesity Treatment Falls Short of Expectations	20/12	MT
EXECUTIVE CHANGES: Judges Scientific chair, founding director retires	20/12	AN
Rio Tinto's Investor Palliser Capital Submits Resolution to Unify Dual Listing of Company	20/12	MT
Rio Tinto: Georgie Bezette appointed next HR Director	20/12	CF
After Northvolt, Europe's battery hopes rely heavily on China	20/12	RE
Slovak battery maker InoBat raises 100 million euros in latest funding round	20/12	RE
Kenmare Resources plc Announces Chief Financial Officer Changes	20/12	CI
Rio Tinto Shareholders Call for Independent Review Into Proposed Listing Consolidation	20/12	MT

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RIO: Dynamic Chart

Company Profile

Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows: - iron ore (62.5%): 290.2 Mt produced in 2023; - aluminum, alumina and bauxite (22.2%): 54.6 Mt bauxite, 7.5 Mt alumina and 3.3 Mt aluminum produced; - copper (5.9%) : 562.4 Kt produced; - industrial minerals (5.2%): titanium dioxide pigments (1,111 Kt produced), borates (495 Kt produced) and salts (6 Mt produced); - gold (0.9%) : 281,500 ounces produced; - diamonds (0.8%) : 3.3 million carats produced; - other (2.5%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.1%), Europe (5.3%), China (59.6%), Japan (6.9%), Asia (7.2%), the United States (13.9%), Canada (2.9%), Australia (1.7%) and other (2.4%).

Employees

57,000

Sector

Diversified Mining

Calendar

19/02/2025 - Q4 2024 Earnings Release

More about the company