Rio Tinto Limited (ASX: RIO)

Rio Tinto Limited is a global mining and metals company focused on materials essential for the modern energy transition. The firm strives to support customers in establishing more secure and sustainable supply chains by investing in low-carbon products like Canadian aluminum and advancing its ELYSIS zero-carbon smelting technology. With operations in 35 countries, Rio Tinto produces a variety of commodities such as iron ore, copper, aluminum, critical minerals, and more. The company is a vertically integrated business that not only mines bauxite but also owns alumina refineries and smelters which produce aluminum‚Äîincluding fully recycled aluminum products.

Rio Tinto’s copper projects are at different stages, from exploration to rehabilitation, and the company’s diamond production encompasses a range of qualities, sizes, and colors. Additionally, they operate an open cast titanium dioxide mine at Lac Tio near Havre-Saint-Pierre. The financials reflect a revenue of AUD 82.15 billion and a net income of AUD 15.29 billion. Incorporated in 1959, Rio Tinto employs around 57,170 individuals. Despite relatively stable revenues year on year, the company saw its net income drop by 18.83% from AUD 12.39 billion to AUD 10.06 billion, partly due to increased costs of goods sold.

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