Sloot Article Thesis Rio Tinto Group (NYSE:RIO) is a leading mining company that has recently seen its shares come under pressure due to some macro concerns. With shares being inexpensively priced right now, RIO could be a good investment for long-term-oriented investors. Past Coverage I have covered Rio Tinto Group here on Seeking Alpha in the past. My most recent article is from June 2023, a little more than a year ago. I gave the company a Buy rating back then, with shares returning 8% so far. At the beg ...

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited ("Rio2" or the "Company") (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces today that it has changed its auditors from Grant Thornton LLP (the "Former Auditor") to PricewaterhouseCooper LLP (the "Successor Auditor"). The Former Auditor resigned as the auditor of the Company effective August 8, 2024, and the board of directors of the Company appointed the Successor Auditor on August 8, 2024, until the next annual shareholder meeting of ...

Rio Tinto Group Unaudited Condensed Consolidated Interim Financial Report for the six months ended 30 June 2024 This document includes portions of the previously published results of announcement of Rio Tinto (as defined on page 64) as of, and for the six months ended 30 June 2024, announced on 31 July 2024. In the document we use non-IFRS (as defined below) measures which are reconciled to directly comparable International Financial Reporting Standards (IFRS) financial measures ("Non-IFRS Measures"). For m ...

Rio Tinto Group (NYSE:RIO) Q2 2024 Earnings Conference Call July 30, 2024 9:30 PM ET Company Participants Tom Gallop - Head of Investor Relations Jakob Stausholm - Chief Executive Officer Peter Cunningham - Chief Financial Officer Mark Davies - Chief Technical Officer Conference Call Participants Paul Young - Golden Sachs James Redfern - Bank of America Lyndon Fagan - JPMorgan Rob Stein - Macquarie Glyn Lawcock - Barrenjoey Rahul Anand - Morgan Stanley Tim Gerrard - Janus Henderson Kaan Peker - RBC Lachlan ...

Core Viewpoint - Rio Tinto Group is experiencing a positive operational performance with a focus on production growth and strategic projects, despite facing challenges in certain areas such as copper production and alumina outlook [1][5][6]. Production Results - Pilbara iron ore shipments reached 80.3 million tonnes (Mt), a 2% increase year-over-year, while production was slightly down at 79.5 Mt, a 2% decrease [13]. - Bauxite production was reported at 14.7 Mt, an 8% increase, and mined copper output reached 171,000 tonnes (kt), an 18% increase [13]. - The company faced a train collision in May that impacted Pilbara operations, but no casualties occurred due to the automated nature of the train [5]. 2024 Guidance - Rio Tinto has adjusted its alumina production outlook from 7.6-7.9 Mt to 7.0-7.3 Mt due to gas supply constraints [6]. - The company anticipates top-line sales of $26.4 billion and EBITDA of $11.9 billion for 2024, reflecting a downward revision due to weak iron ore prices and disappointing performance at the Kennecott mine [18]. Strategic Developments - The Simandou facility has received all necessary regulatory approvals, with first production expected in 2025, targeting over 30 million tonnes by 2028 [4]. - The Jadar lithium project in Serbia is nearing government approval, which could provide significant organic growth opportunities for Rio Tinto [4]. Financial Metrics - The updated EBITDA estimate for Rio Tinto is approximately $24 billion, with a valuation of $76 per share based on a 5x EV/EBITDA multiple [8]. - The company currently trades at a 4.5 EV/EBITDA, which is below its five-year historical average [8]. Market Context - Analysts project a top-line sales figure of $27.9 billion and an EBITDA of $12.5 billion, with net debt expected to reach $6.1 billion by the end of the period [7]. - The iron ore price has declined to $108 per tonne due to weak fundamentals in China and elevated port inventories [14].

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. These figures are just a handful of the metrics value investors tend to look at, but they help show that Rio Tinto is likely being undervalued right now. Considering ...

Rio Tinto (RIO) reported iron ore shipments (on a 100% basis) of 80.3 million tons (Mt) for the second quarter of 2024, which rose 2% year over year, attributed to the drawdown of port stocks. The company's iron ore production dipped 2% to 79.5 Mt as ore depletion offset productivity gains. A train had derailed in mid-May at its Western Australia iron ore operations, which led to six days of lost rail capacity and full stockpiles at some mines, impacting shipment and production numbers for the quarter. Tita ...

Rio Tinto (RIO) is set to install carbon-free aluminum smelting cells at its Arvida smelter in Québec, Canada, thus utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases (GHGs) from the conventional aluminum smelting process, by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs. This pilot operation is expected to be a pivotal step in the large-scale indu ...

As we see on the graph above, this was the case at least until the beginning of 2024, when a handful of large companies within the S&P 500 have caused the index to significantly outperform its equal-weighted counterpart. Therefore, it was extreme concentration in companies, such as Nvidia (NVDA), Microsoft (MSFT) and Amazon Rio Tinto's dividend yield is also the highest within; Rio Tinto - Capex to Depreciation Expense % 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% 2016 2017 2018 2019 2020 2021 2022 202 ...

Rio Tinto Group (OTCMKTS: OTCPK:RTNTF) is one of the largest mining corporations in the world, with a market capitalization of well over $100 billion USD. The company continues to be susceptible to changes in ore prices. However, it continues to generate strong cash flow with incredibly important assets. That will enable the company to continue generating long-term shareholder returns. Rio Tinto Investor Presentation The company's sales revenue declined by 3%, a $1.6 billion decline, but in a world with hig ...