What does Rio Tinto do?

Updated on Financial 2024-05-19
4 answers
  1. Anonymous users2024-02-11

    Rio Tinto: The world's third-largest mining company, first founded in 1873. It has more than 60 subsidiaries worldwide.

    In the 2003-2004 fiscal year, the total revenue was $100 million, the total market capitalization was $100 million, and the company employed 10,000 people. China's largest investment in Australia, Channes, is the result of a partnership with the company's WA subsidiary, Hamersley Iron Ore Corp. The Company exports iron ore, copper, bauxite, alumina, aluminum and other mineral products to China.

    Paul Skinner, Chairman of the Board, Leigh Clifford, CEO. Address: Level 33, 55 Collins Street, Melbourne, Victoria 3000.

    Rio Tinto Group (NYSE: RTP) is a multinational minerals and resources group founded in 1873. In 2006, pre-tax profits were approximately US$10.2 billion, while business turnover was US$25.4 billion.

    It recently agreed to buy Alcan, the world's largest aluminum company, for $38.1 billion, or $101 per share. Alcoacan's board of directors is largely in agreement, but shareholder and regulatory approvals are still required. Rio Tinto Group Chief Executive Dick Evans will lead the new division "Rio Tinto Aluminium".

    On August 27, 2007, U.S. antitrust authorities agreed to their acquisition of Alcan. The headquarters of the new company will be located in Montreal. Oh.

  2. Anonymous users2024-02-10

    Rio Tinto was founded in Spain in 1873. Rio Tinto is a Spanish word meaning yellow river. In 1954, the company took over most of its Spanish operations.

    From 1962 to 1997, the company merged with several of the world's most influential mining companies, and in 2000 successfully acquired Northern Mining Australia, becoming a global leader in the exploration, extraction and processing of mineral resources. Currently, the company is headquartered in the United Kingdom and Australia, with its headquarters in Melbourne. With a market capitalization of US$52.3 billion, the company is the world's second-largest mining group, after BHP Billiton.

    The company's total assets are broken down by region, with 89% concentrated in Australia and North America. The company's main business with China is two-way**. It mainly exports iron ore, copper, alumina, nickel, gold, borate, titanium oxide raw materials to China.

    The company is the world's second largest iron ore producer and has the largest market share in China.

  3. Anonymous users2024-02-09

    1. Country of Rio Tinto Group: United Kingdom; Riotinto Group, founded in 1873 as a Spanish or Ming Chanya. Rio Tinto is a Spanish word meaning yellow river.

    In 1954, the company took over most of its Spanish operations.

    By 1997, the company had acquired several of the world's most influential mining companies, and in 2000 it successfully acquired Northern Australia Mining Corporation, becoming a global leader in the exploration, mining and processing of mineral resources. Known as one of the Big Three of Iron Ore. Rio Tinto is headquartered in the UK and Australia is headquartered in Melbourne.

  4. Anonymous users2024-02-08

    Rio Tinto Group, Spanish for "Rio Tinto". Rio Tinto was founded in 1873 in Hanxiao, Spain, with its headquarters in the United Kingdom and its Australian headquarters in Melbourne. In 1954, Rio Tinto had the majority of its Spanish operations.

    From 1962 to 1997, it merged several influential mining companies around the world, and in 2000, it acquired the Australian Northern Mining Company, becoming a global leader in the exploration, mining and processing of mineral resources in Bhilao, known as one of the three giants of iron ore.

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