Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,598.00p
   
  • Change Today:
      43.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.57m
  • Volume: 190,316
  • Market Cap: £70,119m
  • RiskGrade: 142

Rio Tinto joins forces with First Quantum on Peru copper project

By Frank Prenesti

Date: Friday 31 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Rio Tinto has agreed to sell a majority stake in its La Granja copper project in Peru to Canada's First Quantum Minerals for $105m.
The deal gives First Quantum a 55% stake in La Granja, one of the world's largest untapped deposits, which will also commit to a further investment of up to $546m to complete a feasibility study.

Rio said the deal paves the way for the pair to collaborate on more copper and other base metals exploration and development projects.

"La Granja is an exciting but complex project that has the potential to be a significant new source of the copper that is needed for the energy transition," the company said.

Global copper demand is forecast to rise sharply as motorists begin to swap to electric vehicles and the world transitions to renewable energies.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 5,598.00p
Change Today 43.00p
% Change 0.77 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 190,316
Shares Issued 1,252.57m
Market Cap £70,119m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average
29.85% above the sector average29.85% above the sector average29.85% above the sector average29.85% above the sector average29.85% above the sector average
Price Trend
39.31% above the market average39.31% above the market average39.31% above the market average39.31% above the market average39.31% above the market average
59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average
Income
87.39% above the market average87.39% above the market average87.39% above the market average87.39% above the market average87.39% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Growth
88.16% below the market average88.16% below the market average88.16% below the market average88.16% below the market average88.16% below the market average
67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 7
Sell 1
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 18-Apr-24 21-Sep-23
Amount 258.00¢ 177.00¢

Trades for 15-May-2024

Time Volume / Share Price
08:45 0 @ 5,598.00p
08:44 1 @ 5,598.00p
08:43 5 @ 5,597.00p
08:43 100 @ 5,599.00p
08:43 12 @ 5,600.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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