Rio Tinto

Billed as one of the largest metal and mining company, Rio Tinto came into being in 1873. Hugh Matheson led a number of multinational investors to purchase a mine from the Spain government in Huelva Spain, which later on led to the formation of the company. The investment syndicate included Deutsche Bank, which owned 56% of the mine, Matheson 24% and civil engineering firm Clark 20%. Control of the company was passed to the Rothschild family at the end of the 1880s.

The company is currently headquartered in London, England and engages in exploration mining and processing of natural resources worldwide. Some of the key minerals it mines include silver, gold, diamonds, aluminum, borates among others.

The company has grown to become a heavyweight in the mining business through mergers and acquisitions. Its biggest acquisition to date is Aluminum Company Alcan acquired for $38.1 billion in 2014.

Rio Tinto is listed in the London Stock Exchange as well as the Australian Securities Exchange. Similarly, it is listed in the New York Stock Exchange.

 

Latest Rio Tinto News

Rio Tinto – Performance Review For Q3 Of 2019

Rio Tinto PLC has released its performance review for Q3 on Wednesday, October 16th, 2019. The output for the Anglo-Australian miner was reported to be worse than expected earlier today. The data represents a significant decline in the bauxite and...

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