Rio Tinto is a leading multinational mining and metals company.
• Revenue: $47.64 B
• Market Value: $76.5 B
It is headquartered in London, UK. In 1873, a group of investors purchased a mine complex near Rio Tinto river in Spain from the Spanish government and founded the company. It is one of the global leaders in aluminium, copper, iron ore, thermal and metallurgical coal, gold, uranium and diamond production. It has 60,000 people working in more than 40 countries across 6 continents. In 1962, Rio Tinto Company made a successful merger with Australia-based Consolidated Zinc and Rio Tinto – Zinc Corporation was formed.
It focuses on processing of mineral resources as well. It mainly serves construction, recreation, transport, communication, healthcare and renewable energy sectors. It has four product groups – aluminium, copper & coal, diamonds & minerals, and iron ore. These groups are backed by exploration and technology & innovation groups. Its key strategy is to invest in and operate long-life, low-cost, expandable operations in the most attractive industry sectors.