According to Mining News Pro - Rio Tinto was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. Since then, the company has grown through a long series of mergers and acquisitions. This company is now amongst the famous mining companies around the world.
The Company`s business is finding, mining and processing mineral resources. The Company`s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.
Iron Ore
Rio Tinto Iron and Titanium (RTIT) oversees the company`s iron and titanium production.
The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia.
Gross Revenue of 2018: $18.5bn
Production Volume: 337.8mt.
Aluminium
Rio Tinto consolidated its aluminum-related businesses into its aluminum product group (originally named Rio Tinto Alcan), formed in late 2007, when Rio Tinto purchased the Canadian company Alcan for $38.1 billion.
The Company`s Aluminum business includes bauxite mines, alumina refineries. Its bauxite mines are located in Australia, Brazil and Guinea. Its alumina refineries are located in Australia and Brazil. The Company also has plants located in Australia, New Zealand, Iceland, the United Kingdom and Oman.
- Gross Revenue of 2018: $12.2bn
- Bauxite Production Volume (2018): 50.4mt
- Aluminum Production Volume (2018): 3458kt
Copper & Diamonds
Rio Tinto Diamonds operates three diamond mines: the Argyle Diamond Mine in Western Australia (100% ownership), the Diavik Diamond Mine in the Northwest Territories of Canada (60% ownership), and the Murowa Diamond Mine located in Zimbabwe (78% ownership). Together, these three mines produce 20% of the world`s annual production of rough diamonds, making Rio Tinto the world`s third-largest producer of mined diamonds.
The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. By-products of the Company`s copper production include gold, silver, molybdenum and others, such as sulfuric acid, rhenium, lead carbonate and selenium.
- Gross revenue of 2018: $6.5bn
- Mined Copper Production Volume (2018): 634kt
Energy & Minerals
The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium. The Energy & Minerals segment also includes the Jadar lithium-borate project in Serbia and the Simandou iron ore project in Guinea.
- Gross revenue: $5.7bn
- Titanium dioxide slag Production Volume (2018): 1116kt
- Iron ore pellets and concentrates Production Volume (2018): 8952kt
Rio Tinto Total Revenue in 2018:
