
Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said on Tuesday.
Rio Tinto Group is dedicated to the exploration, extraction and processing of mineral resources worldwide. The company is headquartered in London, the United Kingdom.
| Revenue (TTM) | $61.79B |
| Gross Profit (TTM) | $18.38B |
| EBITDA | $22.91B |
| Operating Margin | 28.10% |
| Return on Equity | 19.30% |
| Return on Assets | 8.11% |
| Revenue/Share (TTM) | $38.03 |
| Book Value | $40.26 |
| Price-to-Book | 2.56 |
| Price-to-Sales (TTM) | 2.72 |
| EV/Revenue | 2.917 |
| EV/EBITDA | 6.89 |
| Quarterly Earnings Growth (YoY) | 46.90% |
| Quarterly Revenue Growth (YoY) | 15.50% |
| Shares Outstanding | $1.25B |
| Float | $1.43B |
| % Insiders | 0.00% |
| % Institutions | 10.46% |
Volatility is currently contracting

Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said on Tuesday.

KARRATHA, Australia--(BUSINESS WIRE)--Ngarlawangga Aboriginal Corporation and Rio Tinto have signed an Interim Modernised Agreement, strengthening their partnership and delivering long-term benefits for the Ngarlawangga People. The interim agreement reflects a jointly designed co-management approach, underpinning how the two parties work together on Ngarlawangga Country within the agreement area, including earlier and ongoing engagement throughout the mine lifecycle. Using agreed processes, Nga.

Rio Tinto PLC has welcomed a long-term power agreement that will keep Australia's largest aluminium smelter operating until 2038, backed by A$1.1 billion of investment and a transition to 100% renewable electricity from 2033. The agreement between Tomago Aluminium, the Australian Government and the New South Wales Government provides a pathway for the smelter to remain internationally competitive after its existing electricity contract expires on December 31, 2028.

Rio Tinto remains a buy, trading at a forward P/E of 11, 27% below the sector average, despite a 35.5% share price rise since November 2025. Strong 2026 H1 results show free cash flow up 75% to $3.8B and underlying earnings up 43% to $6.9B, enabling a $3.4B dividend payout. AI infrastructure demand is driving copper and aluminium EBITDA to 57% of total, with copper EBITDA up 84% and aluminium up 38%, reducing reliance on iron ore.

ALB and RIO ramp lithium strategies, highlighting growth plans, capacity expansion and rising demand from EV and storage markets.

Rio Tinto Group remains a compelling buy, driven by strong segment performance and attractive valuation after a 49.9% share price surge. Recent results show significant revenue and profitability growth, notably in Aluminum & Lithium and Copper, supported by tight supply and rising prices. RIO's diversified exposure to iron ore, aluminum, lithium, and copper positions it to benefit from structural supply deficits and energy transition trends.

Rio Tinto Group (RIO) Q2 2026 Earnings Call Transcript

Rio Tinto NYSE: RIO reported a stronger first half of 2026, with underlying EBITDA rising 28% to $14.8 billion and free cash flow increasing 75%, as higher copper and aluminium prices combined with productivity gains and operational improvements.

The world's second-biggest miner by market value raised its interim dividend as it reported a 47% rise in first-half profit, supported by higher commodity prices and production.

KARRATHA, Australia--(BUSINESS WIRE)--Rio Tinto and the Western Australian Government have signed non-binding agreements for a proposed sale of their respective joint venture shares in the Dampier Seawater Desalination Plant to Yindjibarndi WaterCo. Rio Tinto and the WA Government are 50:50 joint venture partners in the Dampier Seawater Desalination Plant. The agreements establish a framework for the parties to pursue a transaction for Yindjibarndi WaterCo to acquire and operate the plant, whic.
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