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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
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Share Price: 5,180.00
Bid: 5,179.00
Ask: 5,181.00
Change: -56.00 (-1.07%)
Spread: 2.00 (0.039%)
Open: 5,219.00
High: 5,230.00
Low: 5,167.00
Prev. Close: 5,236.00
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Rio Tinto holds guidance despite lower Q1 iron ore production

Wed, 17th Apr 2024 07:06

(Sharecast News) - Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.

Iron ore production from Western Australia Pilbara assets fell 11% quarter on quarter to 78 million tonnes. Shipments were down 5% year on year to 78 million tonnes, and were 10% behind the fourth quarter. Rio cited weather disruptions leading to a lower stock drawdown compared to last year as the cause.

Rio Tinto still expects Pilbara shipments to be in a range of 323 million - 338 million tonnes.

"We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our global operations. Our full year guidance is unchanged across all our products," said chief executive Jakob Stausholm.

Reporting by Frank Prenesti for Sharecast.com

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13 Jun 2024 14:19

Environmental studies show Serbian lithium project is safe, Rio says

BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

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13 Jun 2024 11:38

Environmental studies show Serbian lithium project is safe, Rio says

BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

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11 Jun 2024 17:12

London's FTSE 100 logs worst day in nearly two months as financials, miners weigh

FTSE 100 down 1.0%, FTSE 250 slips 0.9%

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11 Jun 2024 09:34

Rio Tinto to buy Mitsubishi's 11.7% stake in Boyne aluminium smelter

(Sharecast News) - Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation's 11.65% interest in Boyne Smelters (BSL) for an undisclosed sum.

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11 Jun 2024 09:12

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

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5 Jun 2024 09:52

LONDON BROKER RATINGS: Berenberg raises Taylor Wimpey to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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29 May 2024 13:27

DIRECTOR DEALINGS: Rio Tinto executive sells GBP3.4 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and Wednesday and not separately reported by Alliance News:

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23 May 2024 16:52

Activist fund Palliser urges Rio Tinto to ditch London listing

(Sharecast News) - Activist hedge fund Palliser Capital urged Rio Tinto to shift its primary stock market listing from London to Sydney, it emerged on Thursday, to potentially increase its share price by nearly 40%.

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22 May 2024 21:46

First Quantum seeks to speed up Peru projects after Panama debacle

LIMA, May 22 (Reuters) - Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday.

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20 May 2024 08:49

Citi downgrades Rio Tinto on rising China concerns

(Sharecast News) - Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.

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17 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 slips in tepid trade at end of week

(Alliance News) - Stock prices in London closed lower on Friday in quiet trade, though gold and base metal miners surged on stronger commodity prices.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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17 May 2024 13:00

Sustainable Switch-Summer 2023 was the hottest in 2,000 years

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17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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14 May 2024 20:52

Indigenous group to take fight against Arizona copper mine to Supreme Court

May 14 (Reuters) - A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the U.S. Supreme Court, after a federal appeals court refused to reconsider whether the U.S. government may have improperly transferred land to the developer.

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