Finding better ways to provide the materials the world needs
Purpose & Values
The drive for innovation and continuous improvement is at the heart of our purpose
Business Strategy
Climate change is at the heart of our business strategy
We are 150
150 years of finding better ways
We supply the metals and minerals used to help the world grow and decarbonise
Iron Ore
Iron ore is the primary raw material used to make steel
7 things the world will need for a low-carbon future
Wind, sun and water – what else do you need to make renewable energy work?
Sustainability – the expectation, not the exception
Shaping our aluminium product offering to meet demand for greener metals
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Look inside a mine of the future
Our most intelligent mine yet is pioneering new mining technologies
Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
Providing materials the world needs in a responsible way
Sustainability Reporting 2022
We have a responsibility to extract the full value from the minerals and materials we produce in the safest and most sustainable way possible
Climate Change
We’re targeting net zero emissions by 2050
Tailings
We’ve launched a new interactive map of our tailings facilities
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
Results
Half Year Results 2023 released 26 July
Get the latest news, stories and updates
Nammuldi rock shelter
Our statement on the Nammuldi rock shelter
Fuelling our tanks with renewable diesel
Diesel made from renewable raw materials is helping us reduce emissions
Rio Tinto commits $150 million to Centre for Future Materials led by Imperial College London
Discover more about life at Rio Tinto
Graduates & Students
If you want to drive real change, we have just the place to do it
Empowering families with flexibility
Supporting new parents of any gender with equal access to parental leave
Available jobs
Join our team
Rio Tinto chief executive J-S Jacques said "Today we have announced total cash returns to shareholders of $3 billion. By driving performance, focusing on cash and allocating it with discipline we are delivering superior cash returns to our shareholders.
"These are strong results: operating cash flow was $6.3 billion and we met our $2 billion cash cost reduction target six months early. We are now shifting gear to focus on the untapped value from our productivity programme and continue to strengthen our portfolio to build higher returns for the future. We announced the sale of our thermal coal business in Australia for $2.7 billion and are making good progress on our compelling growth projects – Oyu Tolgoi, Amrun and Silvergrass."
Six months to 30 June
2017
2016
Change
Net cash generated from operating activities (US$ millions)
6,306
3,240
+95%
Underlying EBITDA1 (US$ millions)
9,042
5,367
+68%
Underlying earnings1 (US$ millions)
3,941
1,563
+152%
Net earnings (US$ millions)
3,305
1,713
+93%
Capital expenditure5 (US$ millions)
1,758
1,318
+33%
Underlying earnings per share (US cents)
219.4
87.0
Basic earnings per share (US cents)
184.0
95.3
Ordinary dividend per share (US cents)
110.0
45.0
+144%
At 30 June 2017
At 31 Dec 2016
Net debt6, 9 (US$ millions)
7,571
9,587
-21%
Net debt to EBITDA7, 9
0.4
0.7
Net gearing ratio8, 9
13%
17%
The financial results are prepared in accordance with IFRS and are unaudited.
1 Underlying EBITDA and earnings are key financial performance indicators which management use internally to assess performance. They are presented here to provide greater understanding of the underlying business performance of the Group’s operations. Net and underlying earnings relate to profit attributable to the owners of Rio Tinto. Underlying EBITDA and earnings are defined on page 12. Underlying earnings is reconciled to net earnings on page 62.2 EBITDA margin is defined as Group underlying EBITDA divided by Product Group total revenues as per the Financial Information by Business Unit on page 10 where it is reconciled to profit on ordinary activities before finance items and taxation and consolidated sales revenue. This financial metric is used by management internally to assess performance, and therefore is considered relevant to users of the accounts.3 Operating cash cost improvements represent the difference between the current and prior year full cash cost of sales per unit based on the prior year volume sold.4 Gross debt is defined as Adjusted total borrowings on page 43.5 Capital expenditure is presented gross, before taking into account any cash inflows from disposals of property, plant and equipment.6 Net debt is defined and reconciled to the balance sheet on page 43.7 Net debt to EBITDA is defined as the period end net debt divided by the previous 12 months’ underlying EBITDA.8 Net gearing ratio is defined as net debt divided by the sum of net debt and total equity at each period end.9 These financial performance indicators are those which management use internally to assess performance, and therefore are considered relevant to users of the accounts.
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With the exception of the use of cookies (explained below), Rio Tinto generally does not seek to collect personal data through this website. However if you choose to provide personal data to Rio Tinto through this website (for example, by sending us an email), we will process that personal data to answer your query and if relevant, to manage our business relationship with you or your company. We won't process that personal data for other purposes except where required to meet our legal obligations or otherwise as authorised by law and notified to you.
Part 1 of this Privacy Policy contains the Rio Tinto Data Privacy Standard, which provides an overview of Rio Tinto’s approach to personal data processing. There is additional information in the appendices to the Data Privacy Standard, including information about disclosures, trans-border data transfers, the exercise of data subject rights and how to make complaints or obtain further information relating to Rio Tinto’s processing of your personal data.
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