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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Rio Tinto Group    RIO   AU000000RIO1

RIO TINTO GROUP

(RIO)
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Rio Tinto : halts operations at South African unit as violence rises

12/03/2019 | 05:14pm EST
FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia

Anglo-Australian miner Rio Tinto Ltd on Wednesday said it would curtail operations at its South-African unit Richards Bay Minerals (RBM) due to an escalation in violence in surrounding communities.

"There has been an escalation of criminal activity towards RBM employees and one was shot and seriously injured in the last few days," Rio said in a statement.

The company said all mining operations have been halted and the smelters are operating at a reduced level, with a minimum number of employees now on site.

(This story corrects acronym to 'RBM' from 'RMB' in paragraph one)

(Reporting by Niyati Shetty in Bengaluru; Editing by Chris Reese)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO GROUP 0.72% 120.52 End-of-day quote.5.88%
RIO TINTO PLC -3.03% 5946 Delayed Quote.8.70%
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Financials (USD)
Sales 2020 43 744 M - -
Net income 2020 10 281 M - -
Net Debt 2020 2 318 M - -
P/E ratio 2020 11,9x
Yield 2020 5,84%
Capitalization 135 B 135 B -
EV / Sales 2020 3,14x
EV / Sales 2021 2,89x
Nbr of Employees 46 000
Free-Float 65,2%
Chart RIO TINTO GROUP
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Technical analysis trends RIO TINTO GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 78,01 $
Last Close Price 80,78 $
Spread / Highest target 56,9%
Spread / Average Target -3,44%
Spread / Lowest Target -44,2%
EPS Revisions
Managers and Directors
NameTitle
Jakob Stausholm Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Peter Lloyd Cunningham Chief Financial Officer
Michael Gerard L'Estrange Independent Non-Executive Director
Megan Clark Independent Non-Executive Director
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1st jan.Capitalization (M$)
RIO TINTO GROUP5.88%135 240
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