Industry: Materials
Sector: Industrial metals and mining
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminium, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 34%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminium smelters in Canada.
| Dividend Date: | 21 Sep 2023 (Thu) |
| Ex-Dividend Date: | 10 Aug 2023 (Thu) |
| Dividend Cover | 1.03 x |
| Last Announced/Paid Dividend: | £1.77 |
| Dividends paid this Year: | 0p |
| Dividend Yield: | 6.97% |
| P/E Ratio: | 11.20 |