Rio Tinto Group (NYSE: RIO)
Other Industrial Metals & Mining · London, United Kingdom · Founded 1873
- Market capitalization: $100.0 billion
- Annual revenue: $54.0 billion
- Net income: $10.0 billion
- Employees: 57,000
- Sector: Basic Materials
- Headquarters: London, United Kingdom
- Founded: 1873
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Rio Tinto is a global mining giant producing iron ore, aluminum, copper, and minerals like lithium and borates. They're the world's second-largest iron ore producer and the largest aluminum producer outside China. The company operates across six continents from dual headquarters in London and Melbourne.
Extract and sell commodities at market prices, with iron ore being the dominant profit driver. Rio's Pilbara iron ore operations are among the lowest-cost in the world, generating enormous free cash flow when prices are strong.
Founded in 1873 to mine copper in Spain (the Rio Tinto river gave it its name), the company has been a mining powerhouse for 150 years. The destruction of the 46,000-year-old Juukan Gorge rock shelters in 2020 caused a massive scandal and cost the CEO his job. The $3.3 billion acquisition of Arcadium Lithium in 2024 marked their entry into lithium.
| Market Capitalization | $100.0B |
| Annual Revenue | $54.0B |
| Net Income | $10.0B |
| Profit Margin | 19% |
| Revenue per Employee | $947368K |
| Stock Exchange | NYSE |
| Ticker Symbol | RIO |
Financial data is approximate and based on most recent annual filings.
Rio Tinto's destruction of the Juukan Gorge Aboriginal heritage site was described as one of the worst corporate cultural heritage disasters in modern history. The company's aluminum smelters in Quebec run almost entirely on hydroelectric power.
Rio Tinto has world-class assets but a checkered ESG record. The lithium bet and copper expansion are the right moves for the energy transition.
What is Rio Tinto Group's revenue?
Rio Tinto Group generates approximately $54.0 billion in annual revenue.
How many employees does Rio Tinto Group have?
Rio Tinto Group employs approximately 57,000 people worldwide.
What is Rio Tinto Group's market cap?
Rio Tinto Group (RIO) has a market capitalization of approximately $100.0 billion on the NYSE.
When was Rio Tinto Group founded?
Rio Tinto Group was founded in 1873 and is headquartered in London, United Kingdom.
Who is the CEO of Rio Tinto Group?
Jakob Stausholm is the current CEO of Rio Tinto Group.
What is Rio Tinto Group's website?
Rio Tinto Group's official website is riotinto.com.
| CEO | Jakob Stausholm |
| Sector | Basic Materials |
| Industry | Other Industrial Metals & Mining |
| Founded | 1873 |
| HQ | London |
| Country | United Kingdom |
| Website | riotinto.com |
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