What is RIO Tinto Limited? What does it do?

RIO Tinto Limited
RIO Tinto Limited

Company Overview: RIO Tinto Limited

Founded in 1873, Rio Tinto Limited (ASX: RIO) is an Anglo-Australian multinational company engaged in the production of gold, copper, coal, iron ore, borates, aluminium and other minerals & metals. ASX RIO was established by a group of investors with the vision to become the world’s number-one copper producer by constructing new processing facilities and techniques. The organisation primarily focuses on extracting minerals and refining bauxite and iron ore. Rio Tinto has joint head offices in London and Melbourne.

With a market capitalisation of $43.72 billion, RIO Tinto is dual-listed on London Stock Exchange and Australian Securities Exchange under the ticker RIO. Additionally, its American depositary shares are traded on the New York Stock Exchange. The company is a constituent of the FTSE 100 index under LSE and a component of S & P/ ASX 200 under ASX. At the time of writing, its share price is $117.080, and its EPS is $16.136. 

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