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Financial Statement Of Rio Tinto

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Contents Introduction 1 Financial Statements 3 Income Statements 3 Cash Flow Statement 4 Balance Sheet 5 Notes to the financial statements 8 Independent Audit Report 9 Newspaper Article 10 References 12 Introduction Rio Tinto is a multinational company that deals with mineral and metal mining, refining, processing, and marketing. Founded in 1873, this Australian-British company has grown into one of world’s leading mining and Metals Company, dealing in aluminium, copper, diamonds, coal, and iron ore. Refining of bauxite and iron ore are also part of its operations. The transformed metals and minerals give Rio Tinto access to markets across a diverse economic development spectrum, and exposure in varied sectors, including …show more content…

Similarly, Canada, Australia and Europe are important production locations for aluminium with key sales destinations being Asia, Americas, and Europe. Rio Tinto also deals with copper, diamonds, and other by-products including silver, molybdenum, and other such as sulphuric acid, rhenium, lead carbonate, and selenium. Australia, Chile, Mongolia, North America and Indonesia are the key production locations for copper and diamond, while Australia, China, India, Japan, North America and Europe are the key sales destinations. Rio Tinto focuses on superior cash generation through the following steps: a) Portfolio: Ranging from the iron ore business in Pilbara to bauxite ore reserves in Queensland, the company owns assets over a diverse portfolio that ensure regular cash generation throughout the cycle over the long term. b) Performance: Safety of operations is at the core of the company’s strategy to deliver value from mine to the market. To gain low-risk incremental returns and to save costs across the supply chain, technology and innovation have been used extensively. c) People: Centres of excellence have been established to focus on the human talent as means to strengthen the technical and commercial …show more content…

Narelle Hooper (23 June 2016). "Rio Tinto sets its sights on North Ltd". Radio National. Australian Broadcasting Corporation. Mark Drummond (16 June 2004). "Fortescue tries to prise open access to Pilbara railway line". The Sydney Morning Herald. Tanya Nolan (4 August 2000). "Rio Tinto's bid given the nod by ACCC". Radio National. Australian Broadcasting Corporation. Retrieved 10 November 2008. Jump up^ "Rio Tinto Completes Acquisition of North Limited". Business Wire. findarticles.com. 10 October 2000. Retrieved 10 November 2008. "Rio Tinto Completes Acquisition of 100% of Alcan". Rio Tinto. 2007. Wu, Zijing; Campbell, Matthew; Paton, James (6 October 2014). "Rio Tinto Rejected Takeover Approach From Glencore". Bloomberg News. "Rio Tinto, Alcan reach US$38.1-billion merger deal". CTV.ca. 2007. Archived from the original on 14 July 2007. Rio Tinto iron ore sales team arrested in China Sydney Morning Herald – Business

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