Rio Tinto, Schneider Electric to partner for decarbonization goals

  • Rio Tinto (RIO) says it is partnering with France's Schneider Electric (OTCPK:SBGSY) in "a first of its kind collaboration" to develop a circular and sustainable market ecosystem for both companies and their customers.
  • Schneider Electric says it will use materials, such as low-carbon aluminum and copper produced with renewable power by Rio Tinto with renewable power, while Rio will utilize low-carbon sourced energy and industrial services from Schneider Electric .
  • The companies say they are "working jointly to develop digital platforms, technologies and solutions to be deployed across the metals and mining supply chain to drive further decarbonization."
  • Rio and Schneider also will also partner to evaluate emerging opportunities such as the efficient production of critical materials for renewable technologies and advances in low-carbon steel manufacturing.
  • Rio recently said it is partnering with the Australian Renewable Energy Agency to study using hydrogen instead of natural gas in alumina refineries to help reduce emissions.

    For this year the company from London could earn a total revenue around 62.25 billion GBp. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 44.61 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2020


    The analysts expect for 2021 a net profit of 21.96 billion GBp. According to most of the analysts the company will have a profit per share for this book year of 1378 GBp. So the price/earnings-ratio equals 4.27.

    Huge dividend Rio Tinto

    Per share the analysts are expecting a dividend of 986 GBp per share. Rio Tinto 's dividend yield thus equals 16.75 percent. The average dividend yield of the mining companies is a poor 0.81 percent.

    Latest estimates around 7020 GBp

    The most recent recommendations for the mining company are from Barclays , Deutsche Bank and JP Morgan.

    Rio Tinto 's market capitalization is around 7355.8 billion GBp. The Rio Tinto stock was the past 12 months quite unstable. Since last July the stock is even 38 percent higher. This year the stock price moved between 4208 and 6788 GBp.

    Historical stock prices Rio Tinto2007-2021

    financial analysis riotinto

    At 16.22 the stock trades 1.92 percent higher at 5885 GBp. Nieuwsdienst: +31 084-0032-842

    Copyright B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.