|Type||Public (ASX: , LSE: RIO, NYSE: RTP)|
|Headquarters||London, England, UK and Melbourne, Australia|
|Key people||Paul Skinner, Chairman|
Tom Albanese, CEO
Guy Elliott, Finance Director
|Revenue||$129. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The London Stock Exchange or LSE is a Stock exchange located in London, England. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Year 1873 ( MDCCCLXXIII) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Melbourne ( is the second most populous city in Australia, with a Metropolitan area population of approximately 3 For a topic outline on this subject see List of basic Australia topics. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Mining is the extraction of valuable Minerals or other geological materials from the earth usually (but not always from an Ore body In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Iron (ˈаɪɚn is a Chemical element with the symbol Fe (ferrum and Atomic number 26 Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Uranium (jʊˈreɪniəm is a silvery-gray Metallic Chemical element in the Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 In Mineralogy, diamond is the allotrope of carbon where the carbon atoms are arranged in In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The dollar (often represented by the Dollar sign: "$" is the name of the official Currency in several countries dependencies and other 700 billion (2007)|
|Operating income||$8. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses The dollar (often represented by the Dollar sign: "$" is the name of the official Currency in several countries dependencies and other 571 billion (2007)|
|Net income||$7. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The dollar (often represented by the Dollar sign: "$" is the name of the official Currency in several countries dependencies and other 746 billion (2007)|
Rio Tinto is a multinational mining and resources group founded originally in 1873. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Mining is the extraction of valuable Minerals or other geological materials from the earth usually (but not always from an Ore body The group is one of the world's largest mining companies, with a pre-tax profit of approximately US$10. 2 billion in 2006 on consolidated turnover of $25. 4 billion. It is the largest coal mining company in the world. 
Since 1995, Rio Tinto has been a dual-listed company. A dual-listed company or DLC (also referred to as a Siamese twin) is a corporate structure which involves two listed companies with different sets of shareholders Rio Tinto Limited, formerly known as CRA, is listed on the Australian Securities Exchange, with Rio Tinto plc (formerly RTZ) listed on the London Stock Exchange as well as New York Stock Exchange (under ticker RTP). The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The London Stock Exchange or LSE is a Stock exchange located in London, England. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The two companies are managed as a single economic unit by a unified board, with a share in either company entitling the owner to the same voting rights and dividend payouts. RTZ shareholders made up 76. 7 percent of the new unified entity, which is primarily managed from London.
Its current chief executive is Tom Albanese and the company board is chaired by Lucky Bauer. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator
Both the firm Rio Tinto and its name come from southern Spain, where the Río Tinto (Spanish 'Red River') was the site of an ancient mine  which supplied the Phoenicians, Ancient Greeks, Carthaginians and the Roman Empire. Andalusia (Andalucía is an autonomous community of Spain. It is the most populous and the second largest in terms of land area Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. The Río Tinto is a River in southwestern Spain that originates in the Sierra Morena mountains of Andalusia. Mining is the extraction of valuable Minerals or other geological materials from the earth usually (but not always from an Ore body Phoenicia ( Phoenician: Phoenician nunsvg|12px|נ]]Phoenician nun The Greeks ( Greek: Έλληνες) are a Nation and Ethnic group native to Greece, Cyprus and neighbouring regions Carthage (Καρχηδών Karkhēdōn, Carthago from the Phoenician קרת חדשת phn-Latn Qart-ḥadašt meaning new town) refers The Roman Empire was the post-Republican phase of the ancient Roman civilization, characterised by an autocratic form of government and large territorial Its water is red-colored because of highly acidic pollution from acid mine drainage. Acid mine drainage ( AMD) or acid rock drainage ( ARD) refers to the outflow of Acidic water from (usually abandoned Metal mines Ironically, Rio Tinto is named after a 5,000 year old environmental disaster.
In 1873 N M Rothschild & Sons of London and de Rothschild Frères of Paris joined with other investors to acquire the Spanish government's money-losing Rio Tinto mines. N M Rothschild & Sons (more commonly known simply as Rothschild) is the Investment bank company of the Rothschild family. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. The Rothschild banking family of France was founded in 1812 in Paris by James Mayer Rothschild (1792–1868 Paris (ˈpærɨs in English; in French) is the Capital of France and the country's largest city Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. The new owners restructured the company and turned it into a profitable business. From 1877 through 1891, the Rio Tinto mine was the world's leading producer of copper.  By 1905, the Rothschild interest in Rio Tinto amounted to more than 30 percent. Alfred Milner, 1st Viscount Milner served as chairmen for a period before World War One. Alfred Milner 1st Viscount Milner, KG, GCB, GCMG, PC (23 March 1854&ndash13 May 1925 was a controversial German-born British World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All
During the Spanish civil war (1936-39) Rio Tinto sold pyrites to the fascists on credit which allowed General Franco to trade with Hitler and finance the war against Republican Spain. The Spanish Civil War was a major conflict in Spain that started after an attempted Coup d'état committed by parts of the army against the government of Fascism is a totalitarian nationalist and corporatist ideology Francisco Paulino Hermenegildo Teódulo Franco y Bahamonde (born December 4, 1892 in Ferrol, died November 20, 1975 in Madrid Hi and welcome to Wikipedia! Please understand that this article is frequently vandalized and vandalism is reverted immediately The Second Spanish Republic was the system of government in Spain between April 14 1931, when King Alfonso XIII left the country British investment in Spain was also a major consideration for British non-intervention in Spain. The Spanish Civil War had large numbers of non-Spanish citizens participating in combat and advisory positions 
In 1962 the (British) Rio Tinto Company acquired a majority stake in Consolidated Zinc, an Australian company, and was renamed the Rio Tinto-Zinc Corporation (RTZ). The Australian company was renamed Conzinc Riotinto of Australia (CRA) but retained a separate corporate identity, with an increasing proportion of its shares being held by the Australian public.
The current dual listed company structure was created in 1995.
Rio Tinto is one of the first companies listed on the ASX to have reached a share price of over $100. Poseidon had previously climbed from 80 cents to $280 before collapsing in 1969-70 after a major discovery of nickel ore. The Poseidon bubble was a Stock market bubble in which the price of Australian Mining shares soared in late 1969 then crashed in early 1970
On November 14, 2007 Rio Tinto bought Canadian aluminium company Alcan Inc. for $38. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page 1 billion, in a move that creates the world's biggest aluminium company. Rio paid $101 per common share. Alcan's Chief Executive Dick Evans leads the new division, renamed Rio Tinto Alcan and its headquarters situated in Montreal. Montreal, or Montréal in French ( pronounced in French, in English) is the largest city in the Canadian province of Quebec 
On November 8, 2007, rival mining company BHP Billiton announced it was seeking to purchase Rio Tinto Group in an all share deal. Events 1519 - Hernán Cortés enters Tenochtitlán and Aztec ruler Moctezuma welcomes him with great a Celebration Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. This offer was rejected by the board of Rio Tinto as it "significantly undervalues" the company. Another attempt by BHP Billiton for a hostile takeover valuing it at US$147 billion was rejected on the same grounds. In business a takeover is the purchase of one company (the target) by another (the acquirer, or bidder) Meanwhile, the Chinese Government-owned resources group Chinalco and the US aluminium producer Alcoa purchased 12 per cent of Rio Tinto's London-listed shares in a move that could block or severely complicate BHP Billiton's plans to buy its rival.  In the six months from November 1, 2007 to April 1, 2008, Rio Tinto's daily closing NYSE share price increased 16% from US$361 to $420, soaring and dipping along the way between $478 and $331. Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 
The group produces a number of mineral commodities in its various divisions:
Rio Tinto wholly owns Hamersley Iron, which owns and operates a number of mines in Western Australia either wholly or jointly with several partners. Iron ores are rocks and Minerals from which Metallic Iron can be economically extracted Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assests for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto Western Australia is a state occupying the entire western third of the Australian continent. Its partners on some projects notably include several Chinese corporations.
Rio Tinto also owns 53% of Robe River Iron Associates and 59% of the Iron Ore Company of Canada. Iron Ore Company of Canada (often abbreviated to IOC) is a Canadian -based producer of Iron ore. Iron made up 18% of revenue in 2003 and was responsible for 36% of the group's profit. It is the world's second-largest producer of iron ore. Future iron ore mines are being developed at Simandou in Guinea. Simandou is the site of a large iron ore deposit in southeastern Guinea, in the province of Nzérékoré. Guinea, officially Republic of Guinea (pronounced /ˈgɪni/ République de Guinée is a country in West Africa, formerly known as French Guinea
The copper division not only produces copper itself, but also a considerable quantity of gold from its mines in Australia, Indonesia, South Africa, Chile, and the United States, some as part of joint ventures. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 For a topic outline on this subject see List of basic Australia topics. The Republic of Indonesia ( (Republik Indonesia is a Country in Southeast Asia. The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa Chile, officially the Republic of Chile ( Spanish:) is a country in South America occupying a long and narrow Coastal strip wedged between the The United States of America —commonly referred to as the The group owns Kennecott Utah Copper Corporation. Kennecott Utah Copper Corporation (KUCC a division of Rio Tinto Group, is a Mining, Smelting, and Refining company The copper group was responsible for 23% of turnover (of which 55% was copper and most of the remainder gold) and 32% of profits in 2003.
The company's energy group includes coal mining operations in Australia (Rio Tinto Coal Australia) and North America, and Energy Resources of Australia, which operates the Ranger Uranium Mine near Kakadu National Park in Australia. For a topic outline on this subject see List of basic Australia topics. Rio Tinto Coal Australia (RTCA is an Australian mining organisation and is part of the Energy Group of Rio Tinto Group. Energy Resources of Australia Ltd ( is a public company based in Australia. The Ranger uranium mine is surrounded by Kakadu National Park, in the Northern Territory of Australia, 230 km east of Darwin. Kakadu National Park is in the Northern Territory of Australia, 171 km south-east of Darwin. The energy group also operates the Rossing uranium mine in Namibia. Namibia, officially the Republic of Namibia, is a country in Southern Africa on the Atlantic coast This group contributed 20% of turnover and 11% of profit.
The Industrial minerals group extracts talc, titanium dioxide, salt, borax, amongst several others. Talc (derived from the Persian via Arabic talq) is a Mineral composed of Hydrated Magnesium Silicate with Titanium dioxide, also known as titanium(IV oxide or titania, is the naturally occurring Oxide of Titanium, chemical formula Ti[[oxygen Salt is a Dietary mineral composed primarily of Sodium chloride that is essential for Animal life but toxic to most land plants Borax (from Persian burah) also known as sodium borate, sodium tetraborate, or disodium tetraborate, is an important Boron These operations are scattered across Australia, the United States, and Africa. For a topic outline on this subject see List of basic Australia topics. The United States of America —commonly referred to as the This group contributed 15% of turnover and 11% of earnings.
Rio Tinto owns Comalco, which mines bauxite (aluminium ore) in Weipa, Queensland, operates alumina refineries in Gladstone, Queensland. WikipediaNaming Rio Tinto Aluminium (Formerly known as Comalco is now known as Rio Tinto Alcan after Rio's take over of Alcan. Bauxite is the most important Aluminium Ore. It consists largely of the minerals Gibbsite Al(OH3 Boehmite γ-AlO(OH and Weipa is the largest town on the Gulf of Carpentaria coast of the Cape York Peninsula in Queensland, Australia. Queensland is a state of Australia, occupying the north-eastern corner of the mainland continent Gladstone is a modern urbanised City located some 550 kilometres by road north of Brisbane and 100 kilometres south-east of Rockhampton It also operates two aluminium smelters in Australia at Bell Bay (Tasmania) and Boyne Island (Queensland, 59% interest), and one in New Zealand at Tiwai Point (79% interest). Tasmania is an Australian island and state of the same name It is located south of the eastern side of the Continent, being separated from it by Bass Boyne Island is a town in Queensland, Australia, 25 km south of Gladstone. Tiwai Point lies at the entrance to Bluff Harbour on the southern coast of the South Island of New Zealand. The group also operates the Anglesey Aluminium smelter at Holyhead in the United Kingdom. Anglesey Aluminium Metal Ltd is a joint venture between Rio Tinto Group, Kaiser Aluminium and Chemical Corporation. Holyhead ( IPA /ˈhɒlihɛd/ Welsh: Caergybi, "the fort of Saint Cybi " is the largest town in the county of The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located This group contributed 16% of turnover and 14% of adjusted earnings. Rio Tinto now also owns Alcan; the Canadian based, hydro-powered aluminium operation.
The company's diamond operations are best known for the pink diamonds produced at the Argyle diamond mine in Western Australia, which produces over 90% of the world's supply of these gems and around 30% of the world's annual production of all natural diamonds. In Mineralogy, diamond is the allotrope of carbon where the carbon atoms are arranged in A chemically pure and structurally perfect diamond is perfectly transparent with no Hue, or color. The Argyle Diamond mine ( is a Diamond mine located in the Kimberley region of Western Australia. The company also owns 60% of and manages the Diavik Diamond Mine in Canada's Northwest Territories, and the Murowa diamond mine in Zimbabwe. The Diavik Diamond Mine is a Diamond mine in the North Slave Region of the Northwest Territories, Canada, about north of Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page The Northwest Territories (ˌnɔrθˌwɛstˈtɛrɨtɔriz ( NWT or NT; French, les Territoires du Nord-Ouest) is a territory The Murowa diamond mine is a Diamond mine located in south central Zimbabwe, about 40 kilometres from Zvishavane. See also Great Zimbabwe National Monument. For information about the March and June 2008 presidential elections see Zimbabwean presidential election
Rio Tinto owns the Borax company that produces borax and is famous for the "20 Mule Team" trademark which it shares with the Dial Corporation. The Pacific Coast Borax Company (PCB was a United States Mining company founded in 1890 by the American Borax magnate Francis Marion Smith Borax (from Persian burah) also known as sodium borate, sodium tetraborate, or disodium tetraborate, is an important Boron The Dial Corporation is a maker of Personal care and Household cleaning products based in Scottsdale Arizona.
Rio Tinto also produces bauxite, gold, titanium, lead, zinc, cobalt, nickel and uranium. Bauxite is the most important Aluminium Ore. It consists largely of the minerals Gibbsite Al(OH3 Boehmite γ-AlO(OH and Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 Titanium (taɪˈteɪniəm is a Chemical element with the symbol Ti and Atomic number 22 Characteristics Lead has a dull luster and is a dense, Ductile, very soft highly Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Cobalt (ˈkoʊbɒlt is a hard lustrous silver-grey Metal, a Chemical element with symbol Co. Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Uranium (jʊˈreɪniəm is a silvery-gray Metallic Chemical element in the 
The company also has a technology group conducting research and development, notably including the HIsmelt iron smelting process, and an exploration group. Technology is a broad concept that deals with a Species ' usage and knowledge of Tools and Crafts and how it affects a species' ability to control and adapt The phrase research and development (also R and D or more often R&D) according to the Organization for Economic Co-operation and Development, refers Chemical reduction, or smelting, is a form of Extractive metallurgy. Mineral exploration is the process undertaken by companies partnerships or corporations in the endeavour of finding Ore (commercially viable concentrations of minerals to
Environmental, political, safety and labour rights concerns have been raised against Rio Tinto by both environmental groups and unions, in particular the Construction, Forestry, Mining and Energy Union (CFMEU). The Construction Forestry Mining and Energy Union (CFMEU is Australia's main Trade union in Construction, Forestry and furnishing products The CFMEU ran a campaign against the company which tried to de-unionise its workforce after the introduction of the Howard Government's Workplace Relations Act 1996. See also Howard Government John Winston Howard AC (born 26 July 1939 was the 25th Prime Minister of Australia from 11 March The Workplace Relations Act 1996 as amended by the Workplace Relations Amendment Act 2005, or WorkChoices, which came into effect in March 2006, was the most
Another has been Rio Tinto's involvement in Papua New Guinea which triggered the Bougainville separatist crisis. Bougainville is a province of Papua New Guinea. It was named after the French navigator Louis Antoine de Bougainville.  While RTZ has put a lot of energy into cleaning up its tainted human-rights image from the aftermath of crises like the above, many critics feel the company has not substantially changed. 
Rio Tinto has also won an award for ethical behaviour, the Worldaware Award for Sustainable development.  However, although this award was decided by an independent committee, it was, like some other WorldAware Awards, sponsored by another multinational corporation (in this case, the sponsor was Tate and Lyle). Tate & Lyle PLC ( is a UK -based multinational agri-processor listed on the London Stock Exchange under the symbol TATE. Rio Tinto has, in turn, sponsored its own WorldAware award, the Rio Tinto Award for Long-term Commitment, which was awarded to a variety of local and multinational players including in 1999 to Shell Pakistan.