Rio Tinto is the world's lowest-cost iron ore miner, but boomtime investment diluted returns.
Our analysis suggests no-moat-rated Rio Tinto’s approximate USD 1.9 billion off-market buyback of ASX-listed Rio Tinto Limited shares benefits superannuation funds and individuals on a nil or low tax rate. Rio is using USD 3.2 billion in proceeds from asset sales to fund the USD 1.9 billion off-market buyback, and to increase its current on-market buyback of Rio Tinto PLC shares by a further USD 1.3 billion. For the pre-existing on-market buyback already announced, USD 1.7 billion of London-list...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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