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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed London Stock Exchange  -  11:40 2022-11-30 am EST
5585.00 GBX   +0.40%
12:06pLONDON MARKET CLOSE: European markets in the green; US GDP rises
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08:07aRIO TINTO : Barclays maintains a Sell rating
MD
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation Drops
DJ
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Rio Tinto Group and Shougang Group Co., Ltd. to Explore Steel Decarbonisation Solutions

09/22/2022 | 02:02am EST

Rio Tinto Group and Shougang Group Co., Ltd. have signed a Memorandum of Understanding to promote research, design and implementation of low-carbon solutions for the steel value chain. The MoU's focus areas include low-carbon sintering technology, blast furnace and basic oxygen furnace (BOF) optimisation, and carbon capture and utilisation. This partnership with Shougang underlines Rio Tinto's strategic commitment to partner with customers on steel decarbonisation pathways and to invest in technologies that could deliver reductions in steelmaking carbon intensity.

Initial efforts will be focused on, but not limited to, BF slag heat recovery, BOF slag utilisation, CCU and low-carbon sintering technology. The MoU builds on the nearly 30-year relationship between Rio Tinto and Shougang as trade and technical partners. The two companies will work together, leveraging their respective strengths in research and development, technologies, processes, equipment, logistics and industry coordination to support their shared objectives of limiting the impacts of global climate change and reducing carbon emissions.


ę S&P Capital IQ 2022
All news about RIO TINTO PLC
12:06pLONDON MARKET CLOSE: European markets in the green; US GDP rises
AN
08:07aRIO TINTO : Barclays maintains a Sell rating
MD
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation D..
DJ
05:49aCommodity stocks help UK's FTSE 100 log its best month in two years
RE
05:36aRIO TINTO : Gets a Neutral rating from RBC
MD
05:32aRio Tinto expects fall in diamond production; tips environmental plan
AN
04:56aLONDON BROKER RATINGS: Barclays starts Rolls-Royce with 'overweigh..
AN
04:50aRio Tinto Sets 2023 Target for Pilbara Iron Ore Shipments; Plans Further Investment in ..
MT
03:43aEuropean shares rise with the focus on data, Fed's Powell
RE
02:48aRio Tinto Unveils FY23 Production Guidance; Maintains 2022 Targets
MT
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2022 54 023 M - -
Net income 2022 14 141 M - -
Net Debt 2022 1 074 M - -
P/E ratio 2022 7,70x
Yield 2022 8,17%
Capitalization 110 B 110 B -
EV / Sales 2022 2,07x
EV / Sales 2023 2,28x
Nbr of Employees 49 000
Free-Float 65,5%
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Technical analysis trends RIO TINTO PLC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 66,65 $
Average target price 64,06 $
Spread / Average Target -3,88%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Dominic S. Barton Chairman
Mark Davies Chief Technical Officer
Arnaud Soirat Chief Operating Officer
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