Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:09 2025-01-16 am EST			5-day change	1st Jan Change
4,931.50 ^GBX	-0.05%		+2.61%	+4.41%

Jan. 06	Barratt and Persimmon raised but Berkeley cut	AN
Jan. 03	FTSE 100 eases but outperforms European peers	AN

Rio Tinto: joint venture project for an Australian deposit

December 04, 2024 at 04:12 am EST

Rio Tinto announces that it has signed a preliminary agreement with Sumitomo Metal Mining (SMM) for a joint venture on the Winu project, a copper-gold deposit located in Western Australia's Great Sandy Desert.

Rio Tinto will retain management of the project, while SMM will invest USD 399 million to acquire a 30% stake.

The two companies are also considering a broader strategic partnership to work together to explore opportunities for commercial, technical and strategic collaboration in copper, other base metals and lithium.

A pre-feasibility study and definitive agreements are planned for 2025.

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
RIO TINTO PLC	4,931.50GBX	-0.05%	+2.61%	103B
SUMITOMO METAL MINING CO., LTD.	3,570.00JPY	+0.39%	+0.56%	6.26B
GOLD	2,715.36USD	+0.03%	+0.94%	-
S&P GSCI COPPER INDEX 2	655.00PTS	+0.41%	+2.01%	-

Latest news about Rio Tinto plc

Barratt and Persimmon raised but Berkeley cut	Jan. 06	AN
FTSE 100 eases but outperforms European peers	Jan. 03	AN
FTSE 100 lower; Tullow Oil jumps on tax case boost	Jan. 03	AN
Rio Tinto: a sailor disappears in international waters	Jan. 02	CF
After a tough 2024, what's next?	Jan. 02
Australian Shares Rise on First Trading Day of 2025; Lendlease to Sell UK Construction Business	Jan. 02	MT
China's 2025 iron ore imports set to hit new high even as steel demand dwindles	Jan. 02	RE
Search Ongoing for Rio Tinto Marine Vessel's Missing Crew Member	Jan. 01	MT
Rio Tinto Confirms Missing Crew Member Aboard its Bulk Carrier	Jan. 01	MT
ASX Preview: Australian Shares on Track for Thin Trading Amid Holiday Lull	Dec. 26	MT
Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024	Dec. 26	MT
Rio Tinto's Takeover Offer Secures Approval from Arcadium Lithium Shareholders	Dec. 23	MT
Australian Shares Inch Up as US Tech Stocks Rally; St Barbara Unit Hit With Tax Claim in Papua New Guinea	Dec. 23	MT
Arcadium Lithium Shareholders Approve Rio Tinto Takeover Deal; Shares Up After Hours	Dec. 23	MT
Arcadium Lithium Secures Shareholder Approval for Rio Tinto Takeover	Dec. 23	MT
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal	Dec. 23	RE
Aldebaran Down More Than 2% Even As Says Nuton to Make Second Payment Worth US$20 Million Under Option Agreement	Dec. 23	MT
European Equities Close Lower in Friday Trading; Novo Nordisk Shares Fall After Obesity Treatment Falls Short of Expectations	Dec. 20	MT
EXECUTIVE CHANGES: Judges Scientific chair, founding director retires	Dec. 20	AN
Rio Tinto's Investor Palliser Capital Submits Resolution to Unify Dual Listing of Company	Dec. 20	MT
Rio Tinto: Georgie Bezette appointed next HR Director	Dec. 20	CF
After Northvolt, Europe's battery hopes rely heavily on China	Dec. 20	RE
Slovak battery maker InoBat raises 100 million euros in latest funding round	Dec. 20	RE
Kenmare Resources plc Announces Chief Financial Officer Changes	Dec. 20	CI
Rio Tinto Shareholders Call for Independent Review Into Proposed Listing Consolidation	Dec. 19	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 (62.5%): 290.2 Mt produced in 2023; - aluminum, alumina and bauxite (22.2%): 54.6 Mt bauxite, 7.5 Mt alumina and 3.3 Mt aluminum produced; - copper (5.9%) : 562.4 Kt produced; - industrial minerals (5.2%): titanium dioxide pigments (1,111 Kt produced), borates (495 Kt produced) and salts (6 Mt produced); - gold (0.9%) : 281,500 ounces produced; - diamonds (0.8%) : 3.3 million carats produced; - other (2.5%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.1%), Europe (5.3%), China (59.6%), Japan (6.9%), Asia (7.2%), the United States (13.9%), Canada (2.9%), Australia (1.7%) and other (2.4%).

Employees

57,000

Sector

Diversified Mining

Calendar

2025-02-19 - Q4 2024 Earnings Release

More about the company