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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/09 09:43:55 am
4725.5 GBX   -0.27%
07:36aMorgan Stanley Upgrades Rio Tinto To Overweight From Equal-Weight, Raises PT
MT
04:18aRIO TINTO : Raised to Buy by Morgan Stanley
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12/07Australia shares rise as Omicron fears ease, commodity stocks rally
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Rio Tinto Adds Ex-Aboriginal Affairs Minister Ben Wyatt to Board

06/03/2021 | 04:59pm EST

By Rhiannon Hoyle

SYDNEY--Rio Tinto PLC named Ben Wyatt, Western Australia state's former aboriginal affairs minister, as a nonexecutive director as the miner continues to rebuild relations with indigenous landowners following the destruction of two ancient rock shelters in Australia last year.

Rio Tinto said Mr. Wyatt, who was also previously the iron-ore-rich state's treasurer and left politics in March, would join its board on Sep. 1.

"With family links to the Pilbara and an impressive track record in public life, Ben's knowledge of public policy, finance, international trade and Indigenous affairs will significantly add to the depth of knowledge on the board at a time when we are seeking to strengthen relationships with key stakeholders in Australia and around the world," said chairman Simon Thompson.

Mr. Thompson isn't seeking reelection next year because of the demolition of the Juukan Gorge shelters that contained a trove of artifacts indicating they had been occupied by humans more than 46,000 years ago. He will become the fourth senior leader to leave the world's second-largest mining company because of the caves' destruction, after Jean-Sébastien Jacques was removed as chief executive and two other executives were forced out.

Rio Tinto has said it is working to repair relations with indigenous groups. Mr. Wyatt said he was "deeply saddened and disappointed" by the destruction of the Juukan Gorge shelters.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

06-03-21 1859ET

Stocks mentioned in the article
ChangeLast1st jan.
3I GROUP PLC -0.71% 1394 Delayed Quote.21.33%
DJ INDUSTRIAL 0.10% 35754.75 Delayed Quote.12.98%
RIO TINTO PLC -0.17% 4733.5 Delayed Quote.-13.37%
SILVER -1.93% 22.0738 Delayed Quote.-14.55%
All news about RIO TINTO PLC
07:36aMorgan Stanley Upgrades Rio Tinto To Overweight From Equal-Weight, Raises PT
MT
04:18aRIO TINTO : Raised to Buy by Morgan Stanley
MD
12/07Australia shares rise as Omicron fears ease, commodity stocks rally
RE
12/07ANALYST RECOMMENDATIONS : AstraZeneca, Bumble, HSBC, Jack in the Box, XPO...
12/07RIO TINTO : Notification regarding unquoted securities - RIO
PU
12/06Austin Engineering, Rio Tinto Services Enter Five-Year Deal for Mining Products, Servic..
MT
12/06JPMorgan Downgrades Rio Tinto to Neutral from Overweight
MT
12/06JPMorgan Lowers Rio Tinto to Neutral From Overweight, Trims PT
MT
12/06RIO TINTO : Downgraded to Neutral by JP Morgan
MD
12/06Australia shares inch higher on upbeat comments from treasurer
RE
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 62 544 M - -
Net income 2021 21 745 M - -
Net cash 2021 3 129 M - -
P/E ratio 2021 4,64x
Yield 2021 16,7%
Capitalization 103 B 104 B -
EV / Sales 2021 1,60x
EV / Sales 2022 2,06x
Nbr of Employees 47 500
Free-Float 65,3%
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Technical analysis trends RIO TINTO PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 62,59 $
Average target price 69,60 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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