- AFP•4 days ago
Mining giant Rio Tinto reported a plunge in its copper output on Thursday as a strike in Chile and Indonesian regulatory changes hit production. In a quarterly report, the world's second-biggest miner said copper output slumped 37 percent in the first quarter compared with the same period last year to 84.2 thousand tonnes, adding it had cut its production forecast for the year. It cited a 43-day strike at the world's largest copper mine -- BHP Billiton's Escondida in Chile where Rio has a 30 percent interest -- as among reasons for the fall, having "adversely impacted" production.
- AFP•18 days ago
Australia on Thursday said it had slapped seven large multinationals with a multi-billion-dollar tax bill as it pursued global firms shifting profits offshore to minimise liabilities. The companies hit with the Aus$2.9 billion (US$2.2 billion) bill were not named although miner Rio Tinto said late Wednesday it was required by the Australian Tax Office (ATO) to pay additional tax of Aus$447 million including interest. Companies including Apple, Google and BHP Billiton were grilled at parliamentary hearings on their tax structures in 2015.
- Business Wire•20 days ago
DENVER--(BUSINESSWIRE)-- Newmont Mining Corporation (NYSE:NEM - News) (Newmont or the Company) has appointed experienced miner Alex Bates to lead the Company’s business in Australia. Mr. Bates has been serving as acting Regional Senior Vice President since mid-January.
RIO.AX: Summary for RIO TINTO FPO - Yahoo Finance
Rio Tinto Limited (RIO.AX)
ASX - ASX Delayed price. Currency in AUD
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|Day's range||59.75 - 60.45|
|52-week range||41.51 - 69.80|
|PE ratio (TTM)||23.60|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|