Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,192.00p
   
  • Change Today:
    -68.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.59m
  • Volume: 2,711,467
  • Market Cap: £65,034m
  • RiskGrade: 142

Rio Tinto to buy Mitsubishi's 11.7% stake in Boyne aluminium smelter

By Michele Maatouk

Date: Tuesday 11 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation's 11.65% interest in Boyne Smelters (BSL) for an undisclosed sum.
BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.

Once this deal and the recent agreement to acquire Sumitomo Chemical Company's 2.46% interest in BSL complete, Rio's interest in BSL will rise to 73.5%.

The acquisition is subject to various conditions, including approval from Australia's Foreign Investment Review Board, and is expected to be finalised in the second half of this year.

"Rio Tinto looks forward to continuing to work with its remaining BSL joint venture partners and other stakeholders on securing a competitive low-carbon future for its Gladstone operations," the company said.

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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 5,192.00p
Change Today -68.00p
% Change -1.29 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 2,711,467
Shares Issued 1,252.59m
Market Cap £65,034m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.96% above the market average80.96% above the market average80.96% above the market average80.96% above the market average80.96% above the market average
72.52% above the sector average72.52% above the sector average72.52% above the sector average72.52% above the sector average72.52% above the sector average
Price Trend
0.64% below the market average0.64% below the market average0.64% below the market average0.64% below the market average0.64% below the market average
30.94% above the sector average30.94% above the sector average30.94% above the sector average30.94% above the sector average30.94% above the sector average
Income
93.40% above the market average93.40% above the market average93.40% above the market average93.40% above the market average93.40% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
88.85% below the market average88.85% below the market average88.85% below the market average88.85% below the market average88.85% below the market average
66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average

What The Brokers Say

Strong Buy 5
Buy 8
Neutral 7
Sell 1
Strong Sell 0
Total 21
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-Jul-2024

Time Volume / Share Price
16:13 0 @ 5,207.00p
16:13 0 @ 5,207.00p
16:13 0 @ 5,207.00p
16:22 0 @ 5,198.00p
16:09 0 @ 5,211.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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