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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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Rio Tinto, Bougainville Residents Strike Deal to Assess Impact of Closed Mine

07/20/2021 | 04:56pm EDT

By Rhiannon Hoyle

SYDNEY--Rio Tinto PLC said it has reached an agreement with residents of Bougainville, an autonomous region of Papua New Guinea, to assess the legacy impact of the Panguna copper mine that it offloaded in 2016 and has been closed for more than three decades.

The company said a joint committee of stakeholders will be established to oversee a detailed independent assessment of Panguna, which Rio Tinto said it wasn't able to access since operations were suspended due to an uprising against the mine.

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

(END) Dow Jones Newswires

07-20-21 1856ET

Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO PLC -0.62% 4850 Delayed Quote.-11.50%
SILVER 0.20% 22.766 Delayed Quote.-14.59%
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 65 708 M - -
Net income 2021 23 655 M - -
Net cash 2021 4 085 M - -
P/E ratio 2021 4,57x
Yield 2021 17,4%
Capitalization 109 B 109 B -
EV / Sales 2021 1,59x
EV / Sales 2022 1,95x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
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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 65,92 $
Average target price 83,00 $
Spread / Average Target 25,9%
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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