Rio Tinto investing for a stronger, more diversified portfolio

Business Wire12-04 13:57

LONDON, December 04, 2024--(BUSINESS WIRE)--Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2488396111?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/zHokQ9B96ySW6ldvXeunHw--~B/aD0xNTI0O3c9Mzg0MDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/business-wire.com/bdbba3820ac81a81faaeadb468e92c75","is_english":true,"pubTime":"2024-12-04 13:57","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2488396111","market":"us","top_or_hot":-1,"title":"Rio Tinto investing for a stronger, more diversified portfolio","media":"Business Wire","content":"<div>\n<p>LONDON, December 04, 2024--(BUSINESS WIRE)--Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rio-tinto-investing-stronger-more-055700651.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto investing for a stronger, more diversified portfolio</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto investing for a stronger, more diversified portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-04 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rio-tinto-investing-stronger-more-055700651.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, December 04, 2024--(BUSINESS WIRE)--Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rio-tinto-investing-stronger-more-055700651.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO","symbol_name":"力拓","start_time":0,"source_url":"https://finance.yahoo.com/news/rio-tinto-investing-stronger-more-055700651.html","article_id":"2488396111","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zHokQ9B96ySW6ldvXeunHw--~B/aD0xNTI0O3c9Mzg0MDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/business-wire.com/bdbba3820ac81a81faaeadb468e92c75"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488396111","pubTimestamp":1733291820,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"LONDON, December 04, 2024----Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified and growing portfolio to ensure the long-term delivery of attractive shareholder returns.Rio Tinto Chief Executive Jakob Stausholm said: \"We have all the building blocks we need to become a global leader in energy transition materials, and we have a clear plan for a decade of profitable growth.\"We remain focused on our four objectives which ensure our progress is aligned with societies’ interests. We are moving the dial on impeccable ESG, our ability to excel in development and we continue to deepen our social licence, while we intensify our efforts to become Best Operator to ensure we can deliver growth safely, efficiently and profitably for our stakeholders.Potential to accelerate investment in near-term production assets of Arcadium in Argentina and Canada following completion of the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIO":"力拓","RIO.AU":"力拓","BK4585":"ETF&股票定投概念","BK4168":"多种金属与采矿","BK4588":"碎股"},"translate_title":"力拓投资打造更强大、更多元化的投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9,"RIO.AU":0.9},"content_text":"LONDON, December 04, 2024--(BUSINESS WIRE)--Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified and growing portfolio to ensure the long-term delivery of attractive shareholder returns.\nRio Tinto Chief Executive Jakob Stausholm said: \"We have all the building blocks we need to become a global leader in energy transition materials, and we have a clear plan for a decade of profitable growth.\n\"We remain focused on our four objectives which ensure our progress is aligned with societies’ interests. We are moving the dial on impeccable ESG, our ability to excel in development and we continue to deepen our social licence, while we intensify our efforts to become Best Operator to ensure we can deliver growth safely, efficiently and profitably for our stakeholders.\n\"As we ramp up the Oyu Tolgoi underground copper mine, deliver the Simandou high-grade iron ore project in Guinea, and build out our lithium business through the proposed acquisition of Arcadium1, we are underwriting a decade of profitable growth. We plan to utilise our strong balance sheet to unlock and accelerate Arcadium’s tier one projects, timed to meet future demand growth.\n\"We have reached a new era in our decarbonisation journey. This year we have committed to carbon abatement projects representing more than 3 million tonnes of annual emissions, accelerating our progress toward our targets while also investing for the necessary net zero breakthroughs.\n\"We are executing our strategy of delivering a stronger, more diversified, and growing business, underpinned by our belief in the demand for materials which are essential for the global energy transition. With improved performance we can afford both growth and our decarbonisation, and continue our dividend policy and practice while preserving a strong balance sheet.\"\nExecutives will detail progress made in 2024 and outline their ambition for a period of sustained growth over three time horizons until 2033, with an expected Compound Annual Growth Rate of ~3%.\nProgress in shaping Rio Tinto’s portfolio for the future includes:\n\nIron Ore: Driving a system wide improvement at our cornerstone Pilbara business to achieve Best Operator. Our Safe Production System has been rolled out across all iron ore operating assets and is on track to deliver a further 5 million tonne year-on-year uplift in 2024 and 2025, a cumulative 15 million tonne uplift over three years.\nAluminium: We have stabilised our assets and have a clear pathway to deliver greater returns through growth and decarbonisation.\nCopper: Targeting annual production of 1 million tonnes of copper by the end of this decade underpinned by an increase in output from Oyu Tolgoi in Mongolia where production is expected to increase more than 50% next year.\nMinerals:\n\nPotential to accelerate investment in near-term production assets of Arcadium in Argentina and Canada following completion of the transaction.\nAdvancing the Rincon 3000 starter project in Argentina which delivered first lithium2 last week ahead of a final investment decision for the full 60,000 tonne per annum3 Rincon project expected by year-end.\n\nSimandou: Significant progress in construction of mine, port and rail infrastructure at Simandou in Guinea, which remains on-track for first ore next year and to reach full capacity by 2028.\nDecarbonisation: Substantial progress has been made toward meeting our targets4. Guidance of capital spending on decarbonisation projects to 2030 is maintained at $5 to $6 billion (lower end).\n\nProduction guidance across Rio Tinto’s portfolio is being released for 2025.\n\n\n\nProduction guidance - Rio Tinto share unless otherwise stated\n2024\n2025\n\n\nPilbara iron ore5 (shipments, 100% basis) (Mt)\n323 – 338\n323 – 338\n\n\nCopper\n\n\n\n\nMined copper6 (consolidated basis) (kt)\n660 - 720\n780 - 8507\n\n\nAluminium\n\n\n\n\nBauxite (Mt)\n53 – 56\n57 – 59\n\n\nAlumina (Mt)\n7.0 – 7.3\n7.4 – 7.8\n\n\nAluminium (Mt)\n3.2 – 3.4\n3.25 – 3.45\n\n\nMinerals\n\n\n\n\nTitanium dioxide slag (Mt)\n0.9 – 1.1\n1.0 – 1.2\n\n\nIOC pellets and concentrate8 (Mt)\n9.8 – 11.5\n9.7 – 11.4\n\n\nBoric acid equivalent (Mt)\n~0.5\n~0.5\n\n\n\n\n\n\nCapex guidance\n2024\n2025\nMid-term (per year)\n\n\nTotal Group\n~$9.5bn\n~$11.0bn\n~$10-11.0bn\n\n\n\nThe presentation slides and the live webcast, which begins at 0800 GMT | 1900 AEDT, can be accessed at https://www.riotinto.com/en/invest/investor-seminars.\n\nRio Tinto’s acquisition of Arcadium Lithium plc is conditional upon approval by Arcadium Lithium shareholders and the Royal Court of Jersey and customary regulatory approvals and other closing conditions. Closing is expected in mid-2025.\nFirst battery grade lithium production expected in 2025.\nSubject to the receipt of permits. Capacity of 60ktpa is comprised of 3ktpa starter plant, 50ktpa full scale plant and 7ktpa additional optimisation.\nReduction of Scope 1 and 2 emissions of 50% by 2030 and net zero emissions by 2050.\nPilbara shipments guidance remains subject to weather, market conditions and management of cultural heritage.\nIncludes Oyu Tolgoi on a 100% consolidated basis and continues to reflect our 30% share of Escondida.\nFor 2025, we are updating our methodology to report copper production as a single metric.\nIron Ore Company of Canada.\n\nThis announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241203384924/en/\nContacts\nPlease direct all enquiries to media.enquiries@riotinto.com\nMedia Relations, United Kingdom David Outhwaite M +44 7787 597 493\nMedia Relations, Australia Matt Chambers M +61 433 525 739Michelle Lee M +61 458 609 322Rachel Pupazzoni M +61 438 875 469\nMedia Relations, Canada Simon Letendre M +1 514 796 4973Malika Cherry M +1 418 592 7293Vanessa Damha M +1 514 715 2152\nMedia Relations, US Jesse Riseborough M +1 202 394 9480\nInvestor Relations, United Kingdom David Ovington M +44 7920 010 978Laura Brooks M +44 7826 942 797Wei Wei Hu M +44 7825 907 230\nInvestor Relations, Australia Tom Gallop M +61 439 353 948Amar Jambaa M +61 472 865 948\nRio Tinto plc 6 St James’s SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885\nRio Tinto Limited Level 43, 120 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404\nriotinto.com Category: General","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488396111"}