August 21, 2014 5:32 AM ET

Metals and Mining

Company Overview of Rio Tinto Group

Company Overview

Rio Tinto Group offers finding, mining, and processing services for metals and minerals. The company offers alumina, aluminum, bauxite, borates, coal, copper, diamonds, gold and silver, gypsum, iron ore, molybdenum, salt, sulphuric acid, talc, titanium dioxide, uranium, nickel, potash, lead, and zinc. It serves various markets, such as fiberglass, glass, ceramics, wood preservative, energy, metallurgy, fabricator, bank, gold trader, wallboard, plaster, titanium pigment producers, cement, agriculture, automotive, construction, electronic products, water treatment, food, health care, cosmetics, cable, and fertilizer markets in Africa, Australia, Asia, and North America. The company has a strat...

2 Eastbourne Terrace

London,  W2 6LG

United Kingdom

Founded in 1995

Phone:

44 20 7781 2000

Fax:

44 20 7781 1800

Key Executives for Rio Tinto Group

Chief Executive Officer and Executive Director
Age: 64
Chairman and Chairman of Nominations Committee
Age: 60
Chief Financial Officer and Executive Director
Age: 60
Chief Executive of the Aluminium Group
Age: 60
Chief Executive of Iron Ore
Age: 47
Compensation as of Fiscal Year 2014.

Rio Tinto Group Key Developments

Rio Tinto Reports Earnings Results for the First Half of 2014

Rio Tinto reported earnings results for the first half of 2014. For the period, the company has increased underlying earnings by 21% to USD 5.1 billion and enhanced operating cash flow by 8%. The company has decreased net debt by USD 6.0 billion compared with this time last year, through the company's stronger operating cash flows, sharply reduced capital spend and proceeds from divestments.

Acron Group and Rio Tinto Group Forms Joint Venture

Acron Group and Rio Tinto Group announced that it forms a joint venture company to continue evaluation of the development of the jointly held potash properties in Saskatchewan Canada, held its first Board of Directors meeting in London, UK. The JV Company holds nine potash permits covering 586,000 acres in the southern region of the district. The work undertaken has focused on permit KP 405 (the Albany Project) with the completion of drilling 13 wells, a 3-D seismic survey, and the preparation of a 43-101 Compliant Resource Study. The Albany Project is a massive, high quality resource, sufficient to support a world-class potash operation for many generations within mineral leases secured by the Joint Venture. The Project area contains an inferred resource of 1.4 billion tonnes within the mining caverns at an average grade of 31% KCl with a total recoverable amount of 329 million tonnes of KCl. The critically important downhole temperatures averaged 63 (o) C ranking it one of the high in the region. The deposit will be developed using a solution cavern mining design which compared to a conventional underground operation normally results in lower capital requirements per product tonne, faster construction, greater overall flexibility, and ease of future plant scalability.

Rio Tinto Group Appoints Alfredo Barrios as CEO of its Aluminum Business

Rio Tinto Group announced that it has appointed Alfredo Barrios as the new CEO of its aluminum business, succeeding Jacynthe Cote. Alfredo will assume the role on June 1, 2014 and join the executive committee on this date. He will be based in Montreal, subject to obtaining all necessary immigration approvals from the Canadian authorities. Jacynthe will continue in an advisory role until September 1, 2014 in order to ensure a smooth transition. Alfredo Barrios' most recent role was executive director and executive vice president downstream at the joint venture TNK-BP.

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