Rio Tinto Plc : Growth aspirations to be demonstrated. Immediate increase in capex. Neutral rating maintained
>Ambitious Scope 1 & 2 reduction targets. No Scope 3 target - At its CMD, Rio Tinto unveiled a new target of a 50% reduction in Scope 1 and 2 emissions by 2030 and a 15% reduction by 2025 from a 2018 baseline of 32.6 Mt CO2 equivalent. The initial focus will be on renewable energy for iron ore in the Pilbara region (including the rapid rollout of 1 GW of wind and solar power) and the Australian aluminium smelters (Boyne and Tomago). At this stage, management has not m...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.