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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/24 11:37:42 am
5270 GBX   -3.43%
12:25pAnalysis-Rio Tinto has few options to save Serbia lithium mine, none good
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08:57aPOWER PROBLEMS TAKE A TOLL ON GLOBAL ALUMINIUM OUTPUT : Andy Home
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04:41aThe latest from London: No rebound today
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Serbian anti-mining activists block roads to protest against new laws

11/27/2021 | 11:45am EST

BELGRADE, Nov 27 (Reuters) - Hundreds of environmental protesters blocked several major roads in Serbia on Saturday to protest against two new laws that they say will give free rein to foreign mining companies in the country.

Serbia's government has offered mineral resources to companies including China's Zijin copper miner and Rio Tinto, but green activists say the projects would pollute land and water in the Balkan nation.

Chanting slogans against the government and conservative President Aleksandar Vucic, demonstrators brought traffic to a standstill in the centre of Belgrade and blocked a stretch of a main highway through the Serbian capital.

In the northern city of Novi Sad, dozens of protesters briefly scuffled with police and protest organisers said several activists had been detained.

"I'm angered because we're an occupied country ... I don't know why (other) people are silent," said Marija Popovic, 35, a protester in Belgrade.

The protesters are angry over a recent referendum reform, which they say will effectively stop popular initiatives against polluting projects by establishing hefty administrative fees.

They are also opposed to a new expropriation law, which allows the mandatory acquisition of private land by the state within eight days.

Serbia is one of Europe's most polluted countries and will need billions of euros to meet the European Union's environmental standards if it wants to join the bloc.

Rio Tinto has said it would adhere to all domestic and EU environmental standards at its lithium mine in Serbia. The government said it would organise a referendum to test popular support to Rio's project. (Reporting by Aleksandar Vasovic Editing by Helen Popper)


ę Reuters 2021
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Financials (USD)
Sales 2021 61 926 M - -
Net income 2021 21 516 M - -
Net cash 2021 2 233 M - -
P/E ratio 2021 3,97x
Yield 2021 19,5%
Capitalization 86 807 M 117 B -
EV / Sales 2021 1,37x
EV / Sales 2022 1,72x
Nbr of Employees 47 500
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 52,64 $
Average target price 72,67 $
Spread / Average Target 38,0%
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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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