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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Rio Tinto Limited    RIO   AU000000RIO1

RIO TINTO LIMITED

(RIO)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 07/19
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Rio Tinto : showcases its rare red and pink diamonds at exclusive mine site preview

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07/12/2019 | 06:00am EDT

Rio Tinto has unveiled its annual showcase of the world's rarest pink and red diamonds in an exclusive preview at the Argyle mine site in the east Kimberley region of Western Australia.

The 64-diamond collection, including three Fancy Red diamonds and weighing 56.28 carats in total, make up the 2019 Argyle Pink Diamonds Tender.

Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said 'I am delighted to be at the Argyle mine for this exclusive world preview. These diamonds, each a natural treasure, are a testament to the enormous range and depth of offering from the Argyle ore body, nearly four decades from when production commenced.

'Rio Tinto's Argyle mine is the first and only ongoing source of rare pink diamonds in history. With the lifecycle of this extraordinary mine approaching its end, we have seen, and continue to see, unstoppable demand for these truly limited-edition diamonds and strong value appreciation.'

Mr Soirat also paid tribute to 'the bold and innovative spirit of employees, communities, customers and suppliers and all those who have contributed to one of the great diamond mines of the world.'

The 2019 Argyle Pink Diamonds Tender collection, titled 'The Quest for the Absolute' comprises six hero diamonds:
Lot 1: Argyle Enigma™,1.75 carat modified radiant Fancy Red diamond
Lot 2: Argyle Amari™, 1.48 carat heart shaped Fancy Vivid Purplish Pink diamond
Lot 3: Argyle Elysian™, 1.20 carat modified cushion shaped Fancy Vivid Pink diamond
Lot 4: Argyle Verity™,1.37 carat oval shaped Fancy Vivid Purplish Pink diamond
Lot 5: Argyle Opus™, 2.01 carat round shaped Fancy Intense Pink diamond
Lot 6: Argyle Avenoir™, 1.07 carat oval shaped Fancy Red diamond

The 2019 Argyle Pink Diamonds Tender is being showcased in Perth, Hong Kong and New York, with bids closing on 9 October 2019.

High resolution images of the 2019 Argyle Pink Diamonds Tender hero diamonds are available on Flickr.

Disclaimer

Rio Tinto Ltd. published this content on 12 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2019 09:59:03 UTC

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Financials (USD)
Sales 2019 43 653 M
EBIT 2019 17 519 M
Net income 2019 11 378 M
Debt 2019 4 495 M
Yield 2019 6,92%
P/E ratio 2019 10,1x
P/E ratio 2020 10,6x
EV / Sales2019 1,43x
EV / Sales2020 1,46x
Capitalization 57 946 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 70,69  $
Last Close Price 72,03  $
Spread / Highest target 16,2%
Spread / Average Target -1,87%
Spread / Lowest Target -32,7%
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Managers
NameTitle
Jean-Sébastien Jacques Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Jakob Stausholm Chief Financial Officer & Director
Ann Frances Godbehere Independent Non-Executive Director
Michael Gerard L'Estrange Independent Non-Executive Director
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