Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,453.00p
   
  • Change Today:
      74.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.50m
  • Volume: 1,689,551
  • Market Cap: £68,299m
  • RiskGrade: 142

Rio Tinto sees Guinea mine production starting 2025

By Frank Prenesti

Date: Wednesday 06 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Anglo Australian mining giant Rio Tinto said it expected to start production from the Simandou iron ore joint venture in Guinea in 2025.
Rio owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings and the government of Guinea. The company holds a 53% stake, with CIOH holding the balance.

First production from the Simfer mine is expected in 2025, ramping up over 30 months to an annualised capacity of 60 million tonnes per year (with Rio's share 27 million).

Simfer's initial capital funding requirement for the Simandou project is estimated to be approximately $11.6bn, of which Rio Tinto's share is approximately $6.2bn.

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 5,453.00p
Change Today 74.00p
% Change 1.38 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 1,689,551
Shares Issued 1,252.50m
Market Cap £68,299m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.61% above the market average78.61% above the market average78.61% above the market average78.61% above the market average78.61% above the market average
41.35% above the sector average41.35% above the sector average41.35% above the sector average41.35% above the sector average41.35% above the sector average
Price Trend
47.76% above the market average47.76% above the market average47.76% above the market average47.76% above the market average47.76% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Income
87.73% above the market average87.73% above the market average87.73% above the market average87.73% above the market average87.73% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average
74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 8
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 26-Apr-2024

Time Volume / Share Price
16:35 1,078 @ 5,453.00p
16:35 800 @ 5,453.00p
16:35 302 @ 5,453.00p
16:35 1,298 @ 5,453.00p
16:35 900 @ 5,453.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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