#RIO Tinto – A$0.75m penalty for continuous disclosure obligations contravention, still SEC proceedings

Rio Tinto – 2021 record results, growth and income from “disciplined investment” ahead

Recent Income recommendation Rio Tinto (RIO) has announced record results for 2021 and that it is “targeting disciplined investment in commodities that will see strong demand in the coming decades”.

Rio Tinto loves dividends but warns big mining sector M&As are madness

Earlier this month HERE, I observed that the ‘Methodist Church threatens to pull stake from Rio Tinto (RIO) over damning sexual harassment report’. I am not sure if its investment committee listened to the mining sector giant’s conference call earlier today but - if it did - it will be pleased with the huge amounts of ESG mentions in the first few minutes of the call. Most investors though will be more excited by the news of ‘record financial results and total dividend of 1,040 US cents per share for 2021, a 79% payout’, equivalent to over a 10% dividend yield. Whilst some of this was a special dividend reflecting remarkable metals sector prices during 2021, how should investors feel now about the FTSE-100 giant with a market cap of just shy of £94 billion?

#RIO Tinto – 2021 adj. EPS up to $13.21, DPS $7.93 and special DPS $2.47

Investors should not worry like this, Can the home of "Crystal Methodist" really be so sanctimonious about a sex scandal?

It was a busy last week and it is going to be a busy next week too.  Such is this time of the year.  It's all good fun.  Particularly entertaining - no doubt - will be the conference calls after full year updates from GlaxoSmithKline (GSK) and Unilever (ULVR).  Sensibly the former is splitting up its business, whilst the latter really should be considering it a bit more.  It will be enjoyable to listen to and react to (after all I own a bunch of shares in GlaxoSmithKline).  But today I wanted to talk about Rio Tinto (RIO)...

The story for Rio Tinto is so much more than just cultural heritage

Shares in mining giant Rio Tinto (RIO) have performed well for me ever since I realised back in October here that ‘investors should focus on China not cultural heritage’.  Actually if truth is told, it is more than just China because demand for the iron ore, copper and aluminium exporter is centred on a broader changing world.  Or as Rio Tinto put it on a chart in its second quarter numbers a few days ago, ‘we produce materials essentially for a low-carbon future’.  

#RIO Tinto – declares force majeure at Richards Bay Minerals “due to an escalation in the security situation”

#RIO Tinto – FY20 adj. EPS +21%, DPS +26%

Rio Tinto - investors should focus on China not cultural heritage

Back in August here, I observed that mining giant Rio Tinto (RIO) had been silly not to square off the various interest groups being a big mining group means you rub up against.  I did also observe that 'the trajectory of the Rio Tinto share price remains centred fully on the demand levels or not from China for iron ore...for all the ESG excitement this situation will induce, that is the cold hard reality'.  

#RIO Tinto – executive committee changes following a review after destruction of Juukan rockshelters, includes Chief Executive J-S Jacques to “step down”

Rio Tinto forgot to square off all the interest groups early

So naughty old Rio Tinto (RIO) then. The iron ore, copper and coal name has fessed up that it was naughty in blowing up some ancient rockshelters at Juukan Gorge 'and have unreservedly apologised to the Puutu Kunti Kurrama and Pinikura people'. After, scrapping some executive bonuses, ponying up A$50 million to 'attract, develop and retain Indigenous professionals into our company', as well as giving such groups 'a greater voice' in its decision-making process and stating although it 'cannot change the past...we are absolutely committed to doing better in the future', right on Rio Tinto, yes?...

#RIO Tinto – following discussions with stakeholders, Richards Bay Minerals phased restart now in progress

#RIO Tinto – current curtailment of operations at Richards Bay Minerals in South Africa as “escalation in violence” in the local communities

#RIO Tinto – 2019 Pilbara shipments now expected to be at lower end of guidance following Tropical Cyclone Veronica damage

Rio Tinto (#RIO) – heads of agreement for Chinalco to acquire Simandou project interest lapses, to explore other options

#RIO Tinto – completes $3.95bn sale of remaining Australian coal assets

#Rio Tinto - fined £27.4m for failure to timely impair Mozambique coal assets, faces US fraud case

#RIO Tinto – completes $2.69bn sale of its Coal & Allied Industries subsidiary

Rio Tinto (#RIO), strong H1 results: net earnings of $3.1bn against $1.71bn and an interim divi of $1.10

#RIO Tinto – confirms ‘cooperating with authorities’ re. 2012 impairment of Rio Tinto Coal Mozambique