Price History
Loading chart...
About Rio Tinto
Rio Tinto (RIO) is a iron ore mining company. Our project database tracks 49 projects for Rio Tinto with technical and economic data extracted from company filings. Its flagship Simfer Iron Ore Project (Simandou) (Feasibility) carries an after-tax NPV of $4.40B.
Overview
Rio Tinto is a leading global mining and metals company with a 150-year history. The company finds, mines, and processes Earth's mineral resources to help meet growing demand for materials essential to human progress. Rio Tinto is among the world's largest producers of iron ore, aluminum, copper, and other critical minerals.
Operations
Rio Tinto operates world-class assets across six continents, with major operations including the Pilbara iron ore mines in Western Australia (the world's largest integrated iron ore operation), aluminum smelters and bauxite mines globally, the Kennecott copper mine in Utah, and the Oyu Tolgoi copper-gold mine in Mongolia.
Strategy
The company focuses on operating large, long-life, tier one assets with low operating costs and high returns. Rio Tinto prioritizes safety, productivity, growth, and decarbonization. The company has committed to achieving net-zero Scope 1 and 2 emissions by 2050 and halving its emissions by 2030.
Key Projects
Major projects include the Simandou iron ore project in Guinea (one of the world's largest undeveloped iron ore deposits), the Oyu Tolgoi underground expansion in Mongolia, the Jadar lithium-borates project in Serbia, and ongoing automation and technology initiatives across operations.
Primary Commodities
Project Economics
Altoandinos
Maricunga
Simandou
Kennecott
Sal de Vida
Rincon
Rhodes Ridge
IOC
Fenix 1B
Escondida
AP60
Pilbara Operations (Iron Ore)
- Mineral Reserves
- Total Mineral Reserves (Australia): 2,202 Mt at 60.8% Fe, 3.8% SiO2, 2.0% Al2O3, 0.10% P, 6.5% LOI (Proven 851 Mt at 60.6% Fe; Probable 1,351 Mt at 60.9% Fe)
- Mineral Resources
- Total Measured & Indicated (Australia): 4,396 Mt at 59.3% Fe, 5.1% SiO2, 2.7% Al2O3, 0.09% P, 7.5% LOI; Inferred 13,953 Mt at 59.5% Fe
Pilbara Operations (Rio Tinto Iron Ore)
- Mineral Reserves
- Total (Australia) Proven: 851 Mt @ 60.6% Fe; Probable: 1,351 Mt @ 60.9% Fe; Total P&P: 2,202 Mt @ 60.8% Fe (Rio Tinto share, dry marketable product basis). Brockman Ore: 1,375 Mt @ 61.1% Fe; Marra Mamba Ore: 470 Mt @ 62.2% Fe; Pisolite (Channel Iron) Ore: 357 Mt @ 57.6% Fe
- Mineral Resources
- Total (Australia) Measured: 1,290 Mt @ 58.7% Fe; Indicated: 3,106 Mt @ 59.5% Fe; Total M&I: 4,396 Mt @ 59.3% Fe; Inferred: 13,953 Mt @ 59.5% Fe (Rio Tinto share, exclusive of Mineral Reserves)
Pilbara Operations (Rio Tinto)
- Mineral Reserves
- Total (Australia) Proven & Probable: 2,202 Mt at 60.8% Fe, 3.8% SiO2, 2.0% Al2O3, 0.10% P, 6.5% LOI (Rio Tinto share), per ore type: Brockman Ore 1,375 Mt at 61.1% Fe; Marra Mamba Ore 470 Mt at 62.2% Fe; Pisolite (Channel Iron) Ore 357 Mt at 57.6% Fe
- Mineral Resources
- Total (Australia) Measured & Indicated: 4,396 Mt at 59.3% Fe, 5.1% SiO2, 2.7% Al2O3, 0.09% P, 7.5% LOI; Inferred: 13,953 Mt at 59.5% Fe, 4.4% SiO2, 2.7% Al2O3, 0.11% P, 7.0% LOI (Rio Tinto share)
- Royalties / Streams
- Australian iron ore Mineral Reserves are all located on State Agreement mining leases
Pilbara Operations (Pilbara Iron Ore Property)
- Mineral Reserves
- Proven: 851 Mt @ 60.6% Fe; Probable: 1,351 Mt @ 60.9% Fe (Rio Tinto share); Total Mineral Reserves: 2,202 Mt @ 60.8% Fe
- Mineral Resources
- Measured: 1,290 Mt @ 58.7% Fe; Indicated: 3,106 Mt @ 59.5% Fe; Total M&I: 4,396 Mt @ 59.3% Fe; Inferred: 13,953 Mt @ 59.5% Fe (Rio Tinto share)
Pilbara Operations
- Mineral Reserves
- Total Mineral Reserves (Rio Tinto share): 2,202 Mt at 60.8% Fe (Proven 851 Mt at 60.6% Fe; Probable 1,351 Mt at 60.9% Fe)
- Mineral Resources
- Total Measured & Indicated (Rio Tinto share): 4,396 Mt at 59.3% Fe; Inferred 13,953 Mt at 59.5% Fe
Pilbara Operations (Hamersley Iron, Hope Downs JV, Robe River JV)
- Mineral Reserves
- Total (Australia) Proven 851 Mt at 60.6% Fe; Probable 1,351 Mt at 60.9% Fe; Total Mineral Reserves 2,202 Mt at 60.8% Fe (Rio Tinto share)
- Mineral Resources
- Total (Australia) Measured 1,290 Mt at 58.7% Fe; Indicated 3,106 Mt at 59.5% Fe; Total M&I 4,396 Mt at 59.3% Fe; Inferred 13,953 Mt at 59.5% Fe (Rio Tinto share, exclusive of Mineral Reserves)
Simfer Iron Ore Project
- Mineral Reserves
- 675 Mt at 65.3% Fe marketable product (Rio Tinto ownership basis) — Proven 123 Mt at 66.4% Fe; Probable 552 Mt at 65.0% Fe
- Mineral Resources
- Measured & Indicated 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe (exclusive of Mineral Reserves)
Simfer Iron Ore Project - Ouéléba and Pic de Fon (Simandou South, Blocks 3 & 4)
- Mineral Reserves
- On a Rio Tinto ownership basis as at 31 December 2023, total ore reserves of 675 Mt at 65.3% Fe (0.9% SiO2, 1.7% Al2O3, 0.09% P, 3.6% LOI); Proven 123 Mt at 66.4% Fe and Probable 552 Mt at 65.0% Fe. Reserves relate only to the Ouéléba deposit. Rio Tinto share of marketable product 675 Mt.
- Mineral Resources
- Mineral Resources exclusive of Mineral Reserves (dry basis) as at 31 December 2023: Measured 66 Mt at 67.1% Fe; Indicated 198 Mt at 66.2% Fe; Total M&I 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe. Rio Tinto Interest 45.05%.
Simandou / Simfer Iron Ore Project
- Mineral Reserves
- 675 Mt of 65.3% Fe product on a Rio Tinto ownership basis, 18% Proven (123 Mt 66.4% Fe) and 82% Probable (552 Mt 65.0% Fe)
- Mineral Resources
- Measured 66 Mt 67.1% Fe; Indicated 198 Mt 66.2% Fe; M&I total 264 Mt 66.5% Fe; Inferred 340 Mt 65.8% Fe (exclusive of Mineral Reserves, dry basis)
Simfer Iron Ore Project (Simandou)
- Mineral Reserves
- Total Ore Reserves 675 Mt at 65.3% Fe (Proven 123 Mt at 66.4% Fe; Probable 552 Mt at 65.0% Fe); marketable product 675 Mt on Rio Tinto ownership basis
- Mineral Resources
- Measured 66 Mt at 67.1% Fe; Indicated 198 Mt at 66.2% Fe; M&I 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe (exclusive of Mineral Reserves, dry basis)
Simfer Iron Ore Project (Simandou Blocks 3 & 4)
- Mineral Reserves
- 675 Mt at 65.3% Fe (marketable product) on a Rio Tinto ownership basis; Proven 123 Mt at 66.4% Fe, Probable 552 Mt at 65.0% Fe
- Mineral Resources
- Simandou (Guinea): Measured 66 Mt at 66.2% Fe; Indicated 198 Mt at 66.2% Fe; Total M&I 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe (dry basis, exclusive of Mineral Reserves; Rio Tinto interest 45.05%)
Simfer Iron Ore Project (Simandou Blocks 3 & 4 - Ouéléba and Pic de Fon)
- Mineral Reserves
- Ouéléba deposit only: Proven 123 Mt @ 66.4% Fe, 1.0% SiO2, 1.2% Al2O3, 0.07% P, 2.5% LOI; Probable 552 Mt @ 65.0% Fe, 0.9% SiO2, 1.8% Al2O3, 0.10% P, 3.9% LOI; Total Ore Reserves 675 Mt @ 65.3% Fe, 0.9% SiO2, 1.7% Al2O3, 0.09% P, 3.6% LOI. Measured 66 Mt @ 67.1% Fe, 1.9% SiO2, 1.1% Al2O3, 0.04% P, 1.0% LOI; Indicated 198 Mt @ 66.2% Fe, 1.8% SiO2, 1.5% Al2O3, 0.05% P, 1.8% LOI; Measured & Indicated 264 Mt @ 66.5% Fe, 1.8% SiO2, 1.4% Al2O3, 0.05% P, 1.6% LOI; Inferred 340 Mt @ 65.8% Fe, 1.4% SiO2, 1.4% Al2O3, 0.07% P, 2.8% LOI. Rio Tinto interest 45.05%.
- Mineral Resources
- Measured 66 Mt @ 67.1% Fe, Indicated 198 Mt @ 66.2% Fe, Measured & Indicated 264 Mt @ 66.5% Fe, Inferred 340 Mt @ 65.8% Fe (dry basis, exclusive of Mineral Reserves)
Simfer Iron Ore Project (Simandou South, Blocks 3 & 4)
- Mineral Reserves
- Total Ore Reserves (Rio Tinto ownership basis): 675 Mt at 65.3% Fe, 0.9% SiO2, 1.7% Al2O3, 0.09% P, 3.6% LOI (Proven 123 Mt at 66.4% Fe; Probable 552 Mt at 65.0% Fe); marketable product 675 Mt; Rio Tinto share 675 Mt at 45.05% interest. Reserves relate to the Ouéléba deposit only.
- Mineral Resources
- Simandou (Guinea) Mineral Resources exclusive of Mineral Reserves (dry basis): Measured 66 Mt at 67.1% Fe; Indicated 198 Mt at 66.2% Fe; Total M&I 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe. Rio Tinto Interest 45.05%.
Simfer Iron Ore Project (Simandou South, Blocks 3 & 4 - Ouéléba and Pic de Fon)
- Mineral Reserves
- 675 Mt at 65.3% Fe (marketable product, Rio Tinto ownership basis): Proven 123 Mt at 66.4% Fe, Probable 552 Mt at 65.0% Fe
- Mineral Resources
- Measured 66 Mt at 66.1% Fe; Indicated 198 Mt at 66.2% Fe; Total M&I 264 Mt at 66.5% Fe; Inferred 340 Mt at 65.8% Fe
Arcadium Lithium (Total - hard-rock)
- Mineral Reserves
- 62.1 Mt hard-rock lithium Mineral Reserves @ 1.28% Li2O (Proven 5.4 Mt @ 1.38% Li2O, Probable 56.7 Mt @ 1.27% Li2O)
- Mineral Resources
- 85.9 Mt hard-rock lithium Mineral Resources @ 1.23% Li2O (Measured 0.1 Mt @ 1.00% Li2O, Indicated 25.2 Mt @ 1.23% Li2O, Inferred 60.6 Mt @ 1.30% Li2O); Reserves: 62.1 Mt @ 1.28% Li2O (Proven 5.4 Mt @ 1.38% Li2O, Probable 56.7 Mt @ 1.27% Li2O)
Arcadium Lithium (Total - brine)
- Mineral Reserves
- 1.4 Mt lithium brine Mineral Reserves (expressed as lithium metal) @ 658 mg/L (Proven 0.3 Mt, Probable 1.1 Mt)
- Mineral Resources
- 6.4 Mt lithium brine Mineral Resources (expressed as lithium metal): Measured 2.8 Mt, Indicated 1.2 Mt, Inferred 2.4 Mt; Reserves: 1.4 Mt (expressed as lithium metal) @ 658 mg/L (Proven 0.3 Mt, Probable 1.1 Mt)
Arcadium Lithium (Fenix)
- Mineral Resources
- 11.8 Mt LCE lithium brine Mineral Resources (Measured 2.78 Mt LCE, Indicated 4.29 Mt LCE, Inferred 4.75 Mt LCE)
Arcadium Lithium (Sal de Vida)
- Mineral Resources
- 7.17 Mt LCE lithium brine Mineral Resources (Measured 3.52 Mt LCE, Indicated 3.00 Mt LCE, Inferred 0.65 Mt LCE)
Arcadium Lithium (Olaroz & Cauchari)
- Mineral Resources
- 16.87 Mt LCE lithium brine Mineral Resources (Measured 8.33 Mt LCE, Indicated 2.66 Mt LCE, Inferred 5.88 Mt LCE)
Minera Escondida Limitada (MEL) – Escondida & Escondida Norte
Oyu Tolgoi
- Mineral Resources
- Rio Tinto's share: Measured & Indicated 5.4 Mt (11.9 billion pounds) contained copper, 5.9 Moz contained gold; Inferred 13.6 Mt (30 billion pounds) contained copper and 20.4 Moz contained gold.
- Royalties / Streams
- Entrée LLC equity participation and earn-in agreement (Shivee Tolgoi and Javkhlant licences)
Escondida Property (Minera Escondida Limitada) - Rio Tinto 30% Ownership Basis
Minera Escondida
Minera Escondida Limitada
- Mineral Reserves
- Summary of Mineral Reserves as at 31st December 2022 (30% Basis)
- Mineral Resources
- Mineral Resources Exclusive of Mineral Reserves as of 31 December 2022 (30% Basis)
Minera Escondida Limitada (Escondida)
Minera Escondida Limitada (Escondida / Escondida Norte)
Oyu Tolgoi Project (Oyut & Hugo North)
- Mineral Reserves
- As at 31 Dec 2022: Mineral Reserves include Oyut and Hugo North deposits. Hugo Dummett North Mineral Reserves include ~1.4 Mt stockpiled material at 0.51% Cu, 0.16 g/t Au, 1.25 g/t Ag.
- Mineral Resources
- As at 31 Dec 2022 (100% basis, excl. Reserves): Measured & Indicated and Inferred resources by deposit (Oyut, Hugo North, Hugo South, Heruga); total M&I 5.4 Mt contained copper (11.9 Blb), 5.9 Moz contained gold; total Inferred 13.6 Mt contained copper (30 Blb), 20.4 Moz contained gold.
- Royalties / Streams
- Legal title to Shivee Tolgoi and Javkhlant licences subject to equity participation and earn-in agreement between Entrée LLC and Oyu Tolgoi. Investment Agreement with Government of Mongolia (6 Oct 2009); ARSHA (8 June 2011).
Minera Escondida Limitada (MEL)
Pilbara Operations (RTIO)
Resolution
- Mineral Resources
- 1,859 Mt @ 1.52% Cu (Indicated 724 Mt @ 1.89% Cu, Inferred 1,134 Mt @ 1.28% Cu)
Nuevo Cobre
La Granja
Kokkola Greenfield Aluminium
Kennecott Underground
- Mineral Reserves
- Underground: 5 Mt Probable @ 2.22% Cu and 1.39 g/t Au
- Mineral Resources
- Underground: 26 Mt @ 2.62% Cu and 1.03 g/t Au (Measured 0.2 Mt @ 2.52% Cu, Indicated 12 Mt @ 2.75% Cu, Inferred 14 Mt @ 2.51% Cu)
Johnson Camp Mine
Jadar
- Mineral Resources
- 144 Mt @ 1.80% Li2O (Indicated 85 Mt @ 1.76% Li2O, Inferred 58 Mt @ 1.87% Li2O) — 6 Mt LCE
Iron Ore Company of Canada (IOC)
- Mineral Reserves
- 423 Mt @ 65.0% Fe and 2.8% SiO2 (Proved 149 Mt, Probable 275 Mt)
Winu
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Oyu Tolgoi
19 studies on recordSimfer Iron Ore Project (Simandou South, Blocks 3 & 4)
8 studies on recordSimfer Iron Ore Project (Simandou)
3 studies on recordSimfer Iron Ore Project (Simandou Blocks 3 & 4 - Ouéléba and Pic de Fon)
2 studies on recordSimfer Iron Ore Project (Simandou, Blocks 3 & 4)
7 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
Get the full mining dataset, free
Every mining project we track, with its study figures and sources, kept up to date. Sign up and download the data right away.
By signing up, you agree to receive marketing emails from Mining Stocks and to our data license. You can unsubscribe at any time. Privacy policy
Financial Metrics
Loading financial data...
Frequently Asked Questions
- What does Rio Tinto mine?
- Rio Tinto is focused on Iron Ore, Aluminum, Copper.
- What is the economic value of Rio Tinto's Simfer Iron Ore Project (Simandou)?
- According to its Feasibility, Simfer Iron Ore Project (Simandou) has an after-tax NPV of $4.40B.
- How many projects does Rio Tinto have?
- We track 49 projects with extracted technical and economic data for Rio Tinto.
Project Analysis
Simfer Iron Ore Project (Simandou South, Blocks 3 & 4 - Ouéléba and Pic de Fon) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project (Simandou South, Blocks 3 & 4 - Ouéléba and Pic de Fon) in Republic of Guinea, approximately 550 km southeast of Conakry, southern Simandou Range has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Pilbara Operations (Rio Tinto Iron Ore) Production Update: $28.70B Capex
Rio Tinto's Pilbara Operations (Rio Tinto Iron Ore) in Pilbara region, Western Australia, Australia has a production guidance outlining initial capital of $28.70B.
Simfer Iron Ore Project (Simandou Blocks 3 & 4 - Ouéléba and Pic de Fon) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project (Simandou Blocks 3 & 4 - Ouéléba and Pic de Fon) in Republic of Guinea, approximately 550 km southeast of Conakry, Simandou Range has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Oyu Tolgoi Project (Oyut & Hugo North) Feasibility Study: $7.36B Capex
Rio Tinto's Oyu Tolgoi Project (Oyut & Hugo North) in South Gobi region, Mongolia has a Feasibility Study outlining initial capital of $7.36B.
Simfer Iron Ore Project Feasibility Study: $4.60B Capex
Rio Tinto's Simfer Iron Ore Project in Republic of Guinea, Simandou South mining concession (blocks 3 & 4) has a Feasibility Study outlining initial capital of $4.60B.
Oyu Tolgoi Project Production Update: $7.36B Capex
Rio Tinto's Oyu Tolgoi Project in South Gobi region, Mongolia has a production guidance outlining initial capital of $7.36B.
Simfer Iron Ore Project (Simandou South, Blocks 3 & 4) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project (Simandou South, Blocks 3 & 4) in Republic of Guinea, approximately 550 km southeast of Conakry, Simandou Range (Blocks 3 & 4) has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Simfer Iron Ore Project (Simandou) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project (Simandou) in Guinea, Simandou Range, approximately 550 km southeast of Conakry has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Simfer Iron Ore Project (Simandou Blocks 3 & 4) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project (Simandou Blocks 3 & 4) in Republic of Guinea, Simandou Range, approximately 550 km southeast of Conakry has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Simfer Iron Ore Project - Ouéléba and Pic de Fon (Simandou South, Blocks 3 & 4) Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simfer Iron Ore Project - Ouéléba and Pic de Fon (Simandou South, Blocks 3 & 4) in Guinea, Simandou Range, approximately 550 km southeast of Conakry has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Oyu Tolgoi Feasibility Study: $7.36B Capex
Rio Tinto's Oyu Tolgoi in South Gobi region, Mongolia has a Feasibility Study outlining initial capital of $7.36B.
Simandou / Simfer Iron Ore Project Feasibility Study: $4.40B NPV, $4.60B Capex
Rio Tinto's Simandou / Simfer Iron Ore Project in Guinea has a Feasibility Study outlining an after-tax NPV of $4.40B and initial capital of $4.60B.
Press Releases
Rio Tinto Advances Automation And Low Carbon Aluminium In Growth Push
Rio Tinto Group (LSE:RIO) has partnered with Sandvik to roll out autonomous drilling technology across several mining sites. The company has also commissioned a major expansion of a low carbon aluminium smelter in Quebec. Both projects focus on mining automation and decarbonization, with potential implications for efficiency, safety, and emissions. For investors tracking LSE:RIO at around £76.04 per share, these moves sit alongside a strong recent run, with the stock up 27.0% year to date...
Here is why Rio Tinto Group (RIO) is among the Best Silver and Copper Stocks to Buy for the EV Transition
With a short percentage of shares outstanding of 0.72%, Rio Tinto Group (NYSE:RIO) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition. Rio Tinto Group (NYSE: RIO) attracted renewed analyst support on May 26 when JPMorgan analyst Dominic O’Kane raised the firm’s price target on the mining giant to 8,280 GBp […]
Is Rio Tinto Group (LSE:RIO) Overvalued After Recent Share Price Strength
Rio Tinto Group (LSE:RIO) has drawn investor attention after a stretch of strong share price returns, with the stock up 3.2% over the past day and 12.4% over the past month. See our latest analysis for Rio Tinto Group. The recent 3.2% 1 day share price return and 12.4% 30 day share price return sit within a stronger backdrop, with a 38.8% year to date share price return and 101.5% 1 year total shareholder return indicating solid positive momentum. If you are looking beyond Rio Tinto and want...
Cafe Rio hires &pizza CEO after losing its way
Mike Burns will oversee an effort to return the fast casual Mexican chain to sales growth with speedy service, better food and cleaner restaurants.
FTSE 100 Live: Stocks inch higher as miners rise, BAT and Chemring fall
FTSE 100 up 25 points to 10,364 Miners gain as copper prices rise, gold steadies BAT and Chemring updates disappoint 4.04pm: FTSE indices break losing streak UK equities have generally moved higher today, with strength in mining stocks and banks helping the blue-chip benchmark...
Sandvik and Rio Tinto team up for autonomous drilling
The joint effort will focus on developing autonomous capabilities for remote, multi-site and multi-rig operations.
Osiris One Metals to Acquire 80% Interest in "Western Range" Silver Copper Project in Western Australia
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Osiris One Metals Ltd (TSXV: OSM) (FSE: JI8) ("Osiris" or the "Company") is pleased to announce that it has entered into an agreement dated 30 May 2026 with Standard American Metals LLC to acquire an 80% interest in the Western Range Silver Copper Project ("Western Range") in Western Australia. Western Range comprises three tenements covering more than 19,000 hectares north of Meekatharra in Western Australia. The Project is located.
Is It Too Late To Consider Rio Tinto Group (LSE:RIO) After A 90% One-Year Surge?
Wondering whether Rio Tinto Group at £79.68 is offering good value right now, or if the recent excitement has already been priced in. The stock has posted returns of 2.5% over the last 7 days, 7.8% over the last 30 days, 33.1% year to date and 90.4% over the past year, with 3 year and 5 year returns of 89.0% and 89.7% respectively. Recent coverage has focused on Rio Tinto Group as a major player in global materials and resources, including investor interest in its exposure to commodities and...
RIO Starts $1.5B AP60 Smelter Expansion in Quebec, Targets End-2026 Completion
Rio Tinto’s AP60 project is set to strengthen North American aluminum supply while replacing older production capacity.
Rio Tinto commissions $1.5 billion AP60 smelter expansion in Quebec
SAGUENAY, Canada, May 29, 2026--Rio Tinto has successfully started commissioning its US$1.5 billion AP60 smelter expansion at Complexe Arvida in Quebec, marking a major milestone for the deployment of its state-of-the-art, low-carbon aluminium smelting technology.
Recent News
Sandvik, Rio Tinto team up on open‑pit autonomous drilling
Sandvik and Rio Tinto have partnered to advance open-pit autonomous drilling, combining Rio Tinto’s expertise in autonomous drilling systems (ADS) and remote operations with Sandvik’s AutoMine automation technology. The collaboration aims to accelerate the deployment of fully autonomous drill rigs in Rio Tinto’s open-pit mines, potentially reducing operational costs by up to 15% and improving safety by removing personnel from hazardous zones. This matters as it sets a new industry benchmark for automation in mining, leveraging the strengths of a top equipment supplier and a major miner to drive efficiency and productivity in an era of labor shortages and rising demand for critical minerals.
Rio Tinto slows Quebec lithium plant build, timeline intact
Rio Tinto has announced a workforce reduction at its Quebec lithium plant project while maintaining that the facility remains 70% complete and on schedule for completion. The decision to slow construction activities reflects market adjustments in the battery metals sector, though the company asserts that the overall project timeline will not be compromised by the staffing changes.
Rio Tinto produces low-carbon aluminum rod in partnership with Prysmian
Rio Tinto has partnered with Italian cable manufacturer Prysmian to produce low-carbon aluminum rod, combining Rio's sustainable smelting capabilities with Prysmian's advanced cable technology to enable customers to reduce the carbon footprint of their IT infrastructure. This collaboration addresses growing demand from data centers and tech companies seeking to meet their environmental commitments while maintaining reliable connectivity and power systems.
Rio Tinto, Chinalco clear hurdle in Brazil aluminum deal
Rio Tinto and Chinalco have received regulatory approval from Brazil's antitrust authority (CADE) to proceed with their joint venture in the aluminum sector, clearing a significant hurdle for consolidation in one of the world's major aluminum-producing regions. This development strengthens Chinese investment in Brazil's critical mineral infrastructure and demonstrates regulatory support for major mining partnerships despite increasing global scrutiny of foreign ownership in strategic commodities.
Rio Tinto ships first lithium from Rincon, nets $1.175B project loan
Rio Tinto has shipped its first lithium shipment from the Rincon project in Argentina and secured a $1.175 billion project loan to support operations. The Rincon project is expected to produce approximately 53,000 tonnes of lithium carbonates annually over a 40-year operational life, positioning Rio Tinto as a major supplier of this critical battery metal amid surging global EV demand.
Quick Facts
- Ticker Symbol
- RIO
- Market Cap
- Large Cap
- Category
- Diversified
- Commodities
- Iron Ore, Aluminum, Copper
- Headquarters
- London, UK / Melbourne, Australia
- Founded
- 1873
- Employees
- ~47,000
Operating Countries
Producing Assets
- •Pilbara Iron Ore (Australia)
- •Kennecott Copper (USA)
- •Oyu Tolgoi (Mongolia)
- •Diavik Diamond (Canada)
- •Aluminum Operations (Global)
Development Assets
- •Simandou Iron Ore (Guinea)
- •Oyu Tolgoi Underground (Mongolia)
- •Resolution Copper (USA)
- •Jadar Lithium (Serbia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.