Rio Tinto to pay out biggest-ever dividend to shareholders after achieving record earnings of £15.7bn February 23, 2022 Mining firm Rio Tinto achieved record financial results in 2021, recording a free cash flow of £13bn and underlying earnings of £15.7bn. The figures led to the company paying its biggest ever dividend to shareholders. Net cash generated from the iron ore producer’s operating activities improved 60 per cent on 2020 levels while profit after [...]
Rio Tinto acquires $825m Argentine lithium project after Serbia plans blocked December 21, 2021 Anglo-Australian miner Rio Tinto today announced it has agreed to buy the $825m Rincon lithium project in Argentina from Rincon Mining, in an effort to keep the momentum going for its push into battery materials as a way to future-proof for the transition to net zero. The world’s second-largest miner said it has purchased the lithium [...]
Juukan Gorge controversy: Rio Tinto hires new chair in leadership overhaul December 20, 2021 Rio Tinto has appointed a new chair, which forms part of the miner’s board overhaul this year following the Juukan Gorge controversy. Incoming chair Dominic Barton will join the board in April, and be appointed to role at its annual shareholder meeting a month later after spending three decades at the consultancy heavyweight McKinsey & [...]
Rio Tinto to halve carbon output by 2030 with $7.5bn worth of investments October 20, 2021 Anglo-Australian miner Rio Tinto is set to halve its carbon output by 2030, which it said will be supported by around $7.5bn in investments. The new emissions goal, which more than triples its previous target, should see the mining giant slash its scope one and two emissions, meaning it seek to limit the emissions produced [...]
Rio Tinto ‘will dispute’ £190m fine from Australian tax watchdog September 16, 2021 Rio Tinto has been issued with a £186.36m fine from Australian authorities, according to a regulatory filing today, which the mining giant said it “will dispute”. The fine, dished out by the Australian Taxation Office, was for denying interest deductions on an isolated borrowing that was used to pay an internal dividend back in 2015. [...]
Rio Tinto pays out $9.1bn in dividends following record earnings July 28, 2021 Rio Tinto logged a record first half performance today, underpinned by soaring iron ore prices on strong demand from China, which led the global miner to pay out a bonanza of $9.1bn in dividends. Watch the full report.
Rio Tinto boosts dividends as earnings double amid iron ore boom July 28, 2021 Mining giant Rio Tinto this morning announced that it would pay out $9.1bn in dividends after earnings more than doubled in the first half. The FTSE blue chip said that the increase was due to a boom in iron ore prices due to massive demand from China. Rio Tinto, which is the world’s biggest producer [...]
Rio Tinto to build $2.4bn lithium mine in green energy metals push July 27, 2021 Rio Tinto Group has announced it will build a $2.4bn lithium mine in Serbia, in a bid to become the largest source of lithium supply in Europe for fifteen years. It represents the first move by one of the world’s mining giants to focus on metals that will help them capitalise on the electric car [...]
Majority of Rio Tinto investors revolt over former chief’s pay due to Juukan Gorge destruction May 6, 2021 A majority of Rio Tinto investors today revolted over its former chief executive’s lucrative exit pay package at the miner’s AGM. Jean-Sebastien Jacques quit as the FTSE 100 firm’s boss last year after the mining giant destroyed 46,000-year-old rock shelters at Juukan Gorge in Australia a year ago. Despite having his bonus renumeration stripped away, [...]
Rio Tinto exec to leave after just two months in expanded role April 27, 2021 Barbara Levi, chief legal officer & external affairs at Rio Tinto, has accepted a group general counsel position at UBS and will leave the mining company by the end of October. Levi joined Rio Tinto in January 2020 as group general counsel, and then in March 2021 her role was expanded to include legal [...]