Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

6,243.00p
   
  • Change Today:
    -75.00p
  • 52 Week High: 6,377.00p
  • 52 Week Low: 4,486.00p
  • Currency: UK Pounds
  • Shares Issued: 1,249.65m
  • Volume: 424,035
  • Market Cap: £78,016m
  • RiskGrade: 142

Rio Tinto sees 2023 iron ore shipments in same range as current yr

By Frank Prenesti

Date: Wednesday 30 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Rio Tinto said iron ore shipments next year would be in the same range as current-year guidance, but warned of rising costs.
The mining giant said it expected to ship between 320m-335m tonnes of ore in 2023. It also forecast unit cost of $21-$22.5 per tonne, up from $19.5-$21 per tonne.

It added that it planned to invest a further $600m in renewable energy assets in the Pilbara region of Western Australia - as part of its aim to halve its carbon emissions by 2030 - including the construction of two 100 megawatt solar power facilities and a 200-megawatt hour on-grid battery storage by 2026.

The projects will cut gas costs by about $55 million per year at current prices, it said.

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 6,243.00p
Change Today -75.00p
% Change -1.19 %
52 Week High 6,377.00p
52 Week Low 4,486.00p
Volume 424,035
Shares Issued 1,249.65m
Market Cap £78,016m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.25% below the market average79.25% below the market average79.25% below the market average79.25% below the market average79.25% below the market average
80.15% below the sector average80.15% below the sector average80.15% below the sector average80.15% below the sector average80.15% below the sector average
Price Trend
83.47% above the market average83.47% above the market average83.47% above the market average83.47% above the market average83.47% above the market average
80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average
Income
34.75% below the market average34.75% below the market average34.75% below the market average34.75% below the market average34.75% below the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
Growth
78.71% above the market average78.71% above the market average78.71% above the market average78.71% above the market average78.71% above the market average
13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 10
Sell 3
Strong Sell 2
Total 22
neutral
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
  Interim Final
Ex-Div 11-Aug-22 10-Mar-22
Paid 22-Sep-22 21-Apr-22
Amount 267.00¢ 417.00¢

Trades for 31-Jan-2023

Time Volume / Share Price
12:53 132 @ 6,243.00p
12:53 58 @ 6,243.00p
12:52 23 @ 6,242.00p
12:52 73 @ 6,242.00p
12:51 156 @ 6,240.50p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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