Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:06 2024-04-24 am EDT			5-day change	1st Jan Change
5,450 ^GBX	+2.50%		+1.15%	-6.71%

Apr. 24	European Equities Close Lower in Wednesday Trading; Kering Shares Drop After Q1 Results 'Worsened Considerably'	MT
Apr. 24	Argentina Lithium Reports Positive Results at 12th Exploration Well at Rincon West Project	MT

Rio Tinto Raises Bid for Turquoise Hill 18% to $3.1 Billion

August 24, 2022 at 09:11 am EDT

By Ian Walker

Rio Tinto PLC on Wednesday raised its takeover proposal for Turquoise Hill Resources Ltd. by 18%, valuing the Canadian-listed company at US$3.1 billion.

Under the latest proposal accepting Turquoise Hill Resources shareholders will get 40 Canadian dollars (US$30.87) for each share held, up from Rio's previous offer of $34 a share, which was rejected by the Canadian Company.

Turquoise Hill, which is 51%-owned by Rio Tinto, has a 66% interest in the Oyu Tolgoi copper-gold mine in Mongolia.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

08-24-22 0910ET

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Latest news about Rio Tinto plc

European Equities Close Lower in Wednesday Trading; Kering Shares Drop After Q1 Results 'Worsened Considerably'	Apr. 24	MT
Argentina Lithium Reports Positive Results at 12th Exploration Well at Rincon West Project	Apr. 24	MT
FTSE 100 extends record run on earnings optimism	Apr. 24	RE
FTSE 100 gains pared after hitting record high	Apr. 23	AN
Midland Amends Lithium Option Agreement With Rio Tinto to Add Wookie Project	Apr. 23	MT
Midland Brief: Amending Its Lithium Option Agreement With Rio Tinto With Addition of the Wookie Project	Apr. 23	MT
Australian shares follow Wall Street higher, miners limit gains	Apr. 22	RE
Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile	Apr. 22	RE
Codelco eyeing more output, not competition with BHP, Chile's mining minister says	Apr. 22	RE
Australian shares face worst week in 19 months on US rate cut woes, geopolitical concerns	Apr. 18	RE
Codelco eyeing more output, not competition with BHP, Chile's mining minister says	Apr. 18	RE
Rio Tinto Earmarks $1.5 Million for Volcanic Relief Efforts in Iceland	Apr. 18	MT
Rio Tinto, Saudi’s Manara Said to Eye Minority Stake in Zambian Copper Mines	Apr. 18	MT
Rio Tinto plc : Back on track	Apr. 18
Anglesey Mining appoints Robert Marsden as new CEO from May	Apr. 18	AN
JPMorgan Keeps Rio Tinto at Overweight, Trims PT	Apr. 18	MT
RIO TINTO : Barclays gives a Buy rating	Apr. 18	ZD
RIO TINTO : Deutsche Bank reiterates its Buy rating	Apr. 18	ZD
HSBC likes Haleon, cuts Flutter to 'hold'	Apr. 18	AN
RIO TINTO : Berenberg remains its Buy rating	Apr. 18	ZD
RIO TINTO : UBS reiterates its Neutral rating	Apr. 18	ZD
RIO TINTO : Gets a Buy rating from JP Morgan	Apr. 17	ZD
European Equities Close Higher in Wednesday Trading; Euro Area, EU Inflation Rate Declines in March	Apr. 17	MT
FTSE 100 shrugs off UK inflation, hawkish US Fed	Apr. 17	AN
Cooling Inflation Buoys UK Stocks	Apr. 17	MT

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Company Profile

Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows: - iron ore (59%): 283.2 Mt produced in 2022; - aluminum, alumina and bauxite (24.9%): 54.6 Mt bauxite, 7.5 Mt alumina and 3 Mt aluminum produced; - copper (5.8%) : 521.1 Kt produced; - industrial minerals (4.8%): titanium dioxide pigments (1,200 Kt produced), borates (532 Kt produced) and salts (5.7 Mt produced); - diamonds (1.5%) : 4.7 million carats produced; - gold (1%) : 235,000 ounces produced; - other (3%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (6.5%), China (54.3%), Japan (7.4%), Asia (7.1%), the United States (15.9%), Canada (3.1%), Australia (1.9%) and other (3.5%).

Sector

Diversified Mining

Calendar

2024-07-15 - Q2 2024 Sales and Revenue Release - Operations Review

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Analysis / Opinion

Rio Tinto plc : Back on track

April 18, 2024 at 10:14 am EDT

RIO TINTO : Attractive rewards + focused on growth, despite 2023 earnings weakness

February 22, 2024 at 02:58 am EST

Jakob Stausholm, CEO of Rio Tinto: Copper ambitions, strategy, Guinea project

December 06, 2023 at 05:38 am EST

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Ratings for Rio Tinto plc

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ESG Refinitiv

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

67.75 USD

Average target price

75.43 USD

Spread / Average Target

+11.33%

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Sector Integrated Mining

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Integrated Mining

Rio Tinto plc

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RIO

GB0007188757

Diversified Mining

Rio Tinto Raises Bid for Turquoise Hill 18% to $3.1 Billion

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