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RIO TINTO (RIO)

Earnings summaries and quarterly performance for RIO TINTO.

Executive leadership at RIO TINTO.

Board of directors at RIO TINTO.

Recent press releases and 8-K filings for RIO.

Rio Tinto Outlines 2025 Strategy, Growth Targets, and Cost Savings
RIO
Guidance Update
New Projects/Investments
Capital Discipline
  • Rio Tinto is committed to achieving a 3% compound annual growth rate (CAGR) through to 2030, with project options to extend into the following decade, and expects 20% production growth by 2030.
  • The company has taken action to deliver $650 million in productivity benefits and savings on an annual run rate basis and aims to release $5-$10 billion in cash proceeds from its asset base.
  • The portfolio is streamlined to focus on iron ore, aluminum, lithium, and copper. Major growth projects, including Simandou, Oyu Tolgoi (OT), and Rincon, are being delivered.
  • For 2025, the company lifted its full-year copper production guidance and achieved a second consecutive record year for bauxite production. Next year's global iron ore sales guidance is 343-366 million tons (100% basis), with the Pilbara specifically guided at 323-338 million tons.
1 day ago
Rio Tinto Outlines Strategic Priorities, Growth Targets, and Cost Reductions
RIO
Guidance Update
New Projects/Investments
Management Change
  • Rio Tinto is focusing its portfolio on four core commodities: iron ore, aluminum, lithium, and copper, and aims to achieve a 3% compound annual growth rate (CAGR) through to 2030, equating to 20% production growth by that year.
  • The company has initiated actions to deliver $650 million in productivity benefits and savings on an annual run rate basis, with a target to reduce unit costs by 4% annually, leading to a 20% reduction by 2030.
  • Rio Tinto plans to release $5 billion to $10 billion in cash proceeds from its asset base and expects capital expenditure to decline to less than $10 billion annually from 2028 after peak years in 2025-2027.
  • Major growth projects like Simandou, OT, and Rincon are progressing, with Simandou achieving first ore and expected to contribute 5 to 10 million tons in sales next year, followed by a 30-month ramp-up to full production.
  • The lithium growth target for 2028 has been adjusted to 200,000 tons per annum, down from 225,000 tons, due to the placement of Jadar into care and maintenance and a focus on one spodumene mine in Canada.
1 day ago

Quarterly earnings call transcripts for RIO TINTO.

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