Rio Tinto Group
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July 1, 2020
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Rio Tinto Group

Revenue:
USD 43,165 million (2019)
Profit:
USD 6,972 million (2019)
Employees:
46,007 (2019)
GICS Industry Group:
Headquarters:
London, England, United Kingdom
Founded:
1873
Current CEO:
Jean-Sebastien Jacques (2 Jul 2016–)
Parent:
This is the ultimate parent

Description

Rio Tinto Group is primarily engaged in the exploration, mining and processing of mineral resources. The company's major products include aluminium, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore and uranium. Rio Tinto has operations in Australia and North America, with significant businesses also in Asia, Europe, Africa and South America.

On 21 December 1995, Rio Tinto Plc and Rio Tinto Limited entered into a dual listed companies merger. As a result, Rio Tinto Plc and Rio Tinto Limited and their respective groups operate together as a single economic enterprise, with neither assuming a dominant role.

Rio Tinto Plc is incorporated in the United Kingdom and listed on the London and New York Stock Exchanges and Rio Tinto Limited is incorporated in Australia and listed on the Australian Stock Exchange. Rio Tinto Plc is located at 6 St James’s Square, London SW1Y 4AD, United Kingdom - the global headquarters. Rio Tinto Limited’s registered office is at Level 7, 360 Collins Street, Melbourne, Victoria 3000, Australia.

Rio Tinto Group is listed on numerous securities exchanges including the Australian Securities Exchange (ASX), the London Stock Exchange (LSE), and the New York Stock Exchange (NYSE). Rio Tinto is listed on all exchanges under the code RIO.

In United States Dollars (USD)
In United States Dollars (USD)
In United States Dollars (USD)
No items found.

Operating Segments:

Iron Ore - Rio Tinto Iron Ore produces five iron ore products in Western Australia including the Pilbara Blend used in steelworks as sinter plant feed or direct blast furnace feed. For the year end 31 December 2019, the iron ore segment accounted for 59.64% (USD 25,745 million) of total revenue.

Aluminium - The aluminium segment operates bauxite mines and alumina refineries and smelters in Canada. For the year end 31 December 2019, the aluminium segment accounted for 23.57% (USD 10,175 million) of total revenue.

Industrial minerals - The industrial minerals segment includes borates, titanium dioxide and salt. For the year end 31 December 2019, the industrial minerals segment accounted for 5.19% (USD 2,239 million) of total revenue.

Copper - Rio Tinto's copper operations extract, process and refine copper, supplying customers in China, Japan and the US. For the year end 31 December 2019, the copper segment accounted for 4.69% (USD 2,023 million) of total revenue.

Gold - For the year end 31 December 2019, the gold segment accounted for 1.55% (USD 669 million) of total revenue.

Diamonds - Rio Tinto operates two diamond mines known as Argyle located in Australia and Diavik located in Canada. For the year end 31 December 2019, the diamonds segment accounted for 1.43% (USD 619 million) of total revenue.

Other - For the year end 31 December 2019, other revenue accounted for 3.93% (USD 1,695 million) of total revenue.

Mergers and Acquisitions:

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