Rio Tinto Plc : The door is open to share buybacks, but under certain conditions...
>Solid H1 results marked by the recovery in copper and aluminium - Yesterday, Rio Tinto reported H1 results in line with expectations and marked by a solid performance from the majority of its activities (cf. first take published yesterday). H1 also saw a rebalancing of the mix with, on the one hand, a weaker performance from the core iron ore division (68% EBITDA vs 78% in 2023) due to lower prices and the impact of a rail incident on volumes and, on the other, a si...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.
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