Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms
Dividends dominated Rio Tinto’s 2018 result. The company paid a USD 2.43 per share special dividend with the proceeds from its earlier asset sales. Most of this was from the exit of coal with Rio Tinto now completely out. The final dividend USD 1.80 per share brought the full year pay out to USD 5.50 including the special dividend. The financial position is very strong. Rio had USD 0.3 billion net cash at the end of 2018. On an adjusted basis, net debt is USD 8.0 billion after including the upco...Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
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