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Rio Tinto chief executive Sam Walsh said “Against a highly challenging environment, Rio Tinto delivered a strong performance in 2015 with underlying earnings of $4.5 billion. We continued to take decisive action to preserve cash through further cost reductions, lower capital expenditure and the release of working capital. This focus on cash resulted in operating …
Rio Tinto chief executive Sam Walsh said “Last year, we made a clear commitment to materially increase cash returns to our shareholders. We have delivered this today through a 12 per cent increase in our full year dividend and a proposed $2.0 billion share buy-back. These represent a total cash return to shareholders, in respect …
Rio Tinto today demonstrated how its superior portfolio of world-class operations, with industry-leading EBITDA margins and significant growth potential, are positioned to generate healthy free cash flow and shareholder returns. Citing sector-leading tier one assets, a relentless focus on financial discipline, and an operating and commercial expertise framed by a culture of safety and integrity, …
Rio Tinto’s transformation into a more streamlined, accountable business is gathering momentum, with a promise for sustainable cash returns to be delivered to shareholders next year. At an investor seminar in Sydney, Rio Tinto also underlined its commitment to capital discipline and shareholder value, confirming it will focus only on the projects with the highest …
Rio Tinto and Sinosteel Corporation today announced their intention to advance discussions for a second extension to the Channar Mining iron ore joint venture in Western Australia’s Pilbara region. This followed the signing of a Heads of Agreement at Parliament House in Canberra today by Rio Tinto chief executive Sam Walsh and Sinosteel Corporation president …
Rio Tinto chief executive Sam Walsh said “We have delivered another strong quarter with record iron ore production and a solid performance in copper and aluminium. We have seen our first full quarter from the 290 Mt/a iron ore expansion in the Pilbara, with the additional tonnes going into our premium Pilbara Blend products. Our …
Rio Tinto chief executive Sam Walsh said “Our outstanding half year performance reflects the quality of our world-class assets, our programme of operational excellence and our ability to drive performance during a period of weaker prices. These results show that our current strategic and management focus is making a meaningful contribution to cash flow generation. …
Rio Tinto chief executive Sam Walsh said “We achieved another half of very strong operating performance, powered by productivity gains across our business. Our iron ore expansion continues to deliver high-margin growth reinforcing our position as a low cost producer. It has allowed us to increase shipments of our Pilbara Blend products, providing our customers …
A Rio Tinto Chair of Australia-Japan Studies will be established at the University of Tokyo, strengthening ties and increasing understanding between Australia and Japan. The new role, to be funded by Rio Tinto for an initial three-year period, is a collaboration between the Australia-Japan Foundation and the University of Tokyo. The Prime Minister of Australia …
Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott highlighted the strong relationship between the two nations during a visit to Rio Tinto’s world-class iron ore operations in Western Australia. Rio Tinto chief executive Sam Walsh and Iron Ore chief executive Andrew Harding hosted the prime ministerial delegation, showcasing the operations and employees …