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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rio Tinto    RIO   GB0007188757

RIO TINTO (RIO)
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Delayed Quote. Delayed  - 08/17 05:35:13 pm
3706 GBp   +0.45%
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Rio Tinto to Establish JV With Minmetals for China Mineral Exploration

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06/07/2018 | 01:01pm CEST

By Carlo Martuscelli

Rio Tinto PLC (RIO.LN) said Thursday that is has signed an agreement to form a joint venture with Minmetals to explore mineral deposits in China.

The joint venture, which is equally split between the two parties, will have capital of 200 million yuan ($31.3 million), with an initial contribution of CNY35 million each within six months of the establishment of the joint venture, Rio Tinto said.

The agreement follows a technical collaboration contract signed in November.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
LME COPPER CASH 0.29% 5860 End-of-day quote.-18.40%
LME ZINC CASH 0.56% 2338 End-of-day quote.-30.77%
RIO TINTO 0.45% 3706 Delayed Quote.-5.99%
RIO TINTO LIMITED 0.27% 73.12 End-of-day quote.-3.55%
SILVER 0.82% 14.786 Delayed Quote.-13.31%
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08/10RIO TINTO : Notices
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News from SeekingAlpha
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Financials ($)
Sales 2018 39 554 M
EBIT 2018 12 808 M
Net income 2018 8 065 M
Debt 2018 3 275 M
Yield 2018 6,15%
P/E ratio 2018 9,43
P/E ratio 2019 10,71
EV / Sales 2018 2,16x
EV / Sales 2019 2,24x
Capitalization 82 357 M
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Technical analysis trends RIO TINTO
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 56,9 $
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Jean-Sébastien Jacques Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Christopher J. Lynch Chief Financial Officer & Executive Director
Ann Frances Godbehere Independent Non-Executive Director
Michael Gerard L'Estrange Independent Non-Executive Director
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