ines. In New South Wales, Rio Tinto Coal Australia manages Coal & Allied’s coal mines, which include the Hunter Valley Operations (80%), Bengalla (32%), Mount Thorley (64%), and Warkworth (44.5%). Rio Tinto Coal Mozambique (100%): Rio Tinto Coal Mozambique manages the Zambeze Project (100%), Tete East Project (100%), and Benga Mine (65%) in Mozambique, as well as the Zululand Anthracite Colliery (74%) in South Africa. Rössing Uranium (68.58%): Rössing Uranium Mine is located near Arandis in Namibia’s Erongo region. Rio Tinto Canada Uranium (100%): Rio Tinto Canada Uranium’s Roughrider project is an exploration site located in North-Eastern Saskatchewan’s Athabasca Basin, which supplies approximately 20% of the world’s uranium. Dispositions In December 2013, the company sold its 80% interest in Northparkes to China Molybdenum Co., Ltd. In July 2013, the company sold its 57.7% interest in Palabora Mining Company. Strategy The company’s strategy is to invest in and operate long-life, low-cost, expandable mines and businesses. Environmental Regulations The company is covered under each of the Australian National Greenhouse and Energy Reporting Act 2007; the Australian Energy Efficiency Opportunities Act 2006; and the Australian Clean Energy Act 2011. Research and Development The company’s research and development costs were US$231 million in 2013. Significant Events In May 2014, Rio Tinto has reached an investment agreement with its joint venture partners in the Simandou iron ore project. In August 2014, Rio Tinto and Turquoise Hill Resources Ltd. announced that they had reached agreement on the joint development of the Oyu Tolgoi copper and gold project in Mongolia. History Rio Tinto plc was founded in 1873.
rio tinto plc (RIO1:Xetra)
2 Eastbourne Terrace
London, W2 6LG
Phone: 44 20 7781 2000
Fax: 44 20 7781 1800www.riotinto.com
|BHP Billiton Ltd||A$30.92 AUD||-1.08|
|BHP Billiton PLC||1,517 GBp||-50.00|
|China Shenhua Energy Co Ltd||CNY15.99 CNY||+0.04|
|EOG Resources Inc||$86.72 USD||-7.35|
|Wesfarmers Ltd||A$41.42 AUD||-0.93|
|View Industry Companies|
Sponsored Financial Commentaries
To contact RIO TINTO PLC, please visit www.riotinto.com. Company data is provided by Capital IQ. Please use this form to report any data issues.