Chemicals & Materials

RIO TINTO

Company Profile Analysis

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RIO TINTO - Chemicals & Materials showcase

Year Founded & Workforce

1872-12-31

46,000 Employees

Industry

Chemicals & Materials

Services

R

RIO TINTO Overview

Company Headquarters: London, UK

Founded: 1873

Workforce: ~46,000

Company Working: Rio Tinto is one of the leading mining and metal companies across the globe. It operates through four business segments, namely, aluminum, copper & diamonds, energy & minerals, and iron ore. Under its aluminum segment, the company operates five bauxite mines, four alumina refineries, and 14 aluminum smelters, along with three research & development centers. Rio Tinto is the largest producer of bauxite across the globe. In 2019, it produced 55.1 million tons of bauxite. The company has a strong global presence with about 60 operating sites (mines, smelters, and refineries) across 35 countries and 37,000 suppliers across the globe.

Strategy

Rio Tinto focuses on developing strong partnerships and collaborating with technology providers, local suppliers, governments, industry leaders, and NGOs as a part of a long-term growth strategy. The company primarily emphasizes on delivering value added-products to its customers, developing new markets for its materials, and focusing on improving operational efficiency to increase the profitability. Furthermore, it aims to strengthen its technical capabilities through research & development.

Company Snapshot

$40,030M

Revenue

46,000

Employees

1872-12-31

Founded

London, UK

Headquarters

SWOT Analysis

Strengths

  • Wide distribution network
  • Strong relation with 37,000 suppliers across the globe
  • Focus on research & development

Weaknesses

  • Low current ratio: In 2019, the company reported a current ratio of 1.56 lower than the mining industry standards

Opportunities

  • Growing consumption of Aluminum
  • High demand for bauxite from China

Threats

  • Foreign currency exchange rate fluctuations
  • Increase in labor costs in Australia
  • Volatility in the commodity market

Key Developments

DateApproachDevelopment
March 2019AcquisitionRio Tinto completed the commissioning of the Amrun bauxite mine in Queensland, Australia, with an investment of USD 1.9 billion. The bauxite mine is a replacement of its depleting East Weipa mine, in Queensland, Australia. The new mine is expected to increase its export capacity of bauxite by 10 million tons.

Product Offering

  • RIO TINTO
    • Aluminum

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles RIO TINTO as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

RIO TINTO

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