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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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Rio Tinto Faces Labor Strike at Kitimat, Kemano Operations

07/22/2021 | 06:09pm EDT

By Rhiannon Hoyle

SYDNEY--A union representing Rio Tinto PLC workers at its Kitimat aluminum smelter and Kemano power operations in British Columbia, Canada, has issued a notice to strike amid labor negotiations.

The strike is due to begin July 24, a bulletin published by Unifor Local 2301 said while highlighting concerns over job security and the use temporary employees, among other issues.

A Rio Tinto spokesman said the miner "is committed to working with the union to reach a mutually beneficial outcome to the ongoing bargaining process."

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

(END) Dow Jones Newswires

07-22-21 2009ET

Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO PLC -4.00% 5022 Delayed Quote.-8.41%
SILVER 0.23% 22.967 Delayed Quote.-9.36%
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 66 598 M - -
Net income 2021 24 406 M - -
Net cash 2021 4 130 M - -
P/E ratio 2021 4,53x
Yield 2021 17,0%
Capitalization 114 B 114 B -
EV / Sales 2021 1,65x
EV / Sales 2022 2,01x
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 HOLD
Number of Analysts 23
Last Close Price 69,12 $
Average target price 87,19 $
Spread / Average Target 26,1%
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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