Rio Tinto teams up with Caterpillar for zero-emissions autonomous trucks

  • Rio Tinto (NYSE:RIO) and Caterpillar (NYSE:CAT) sign an MoU for Caterpillar 's zero-emission autonomous haul trucks development.
  • The autonomous trucks will be used at Rio Tinto 's Western Australian mining operations.
  • The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer's future 220-tonne 793 zero-emissions autonomous haul truck, including the validation of Caterpillar 's zero-emissions technology.
  • The Companies will progress a series of development milestones, including a 793 prototype pilot program, testing, and pre-production trials.
  • It's expected that the world's first operational deployment of about 35 new Caterpillar 793 zero-emissions autonomous haul trucks will be at Gudai-Darri once development is complete.

    For this year Rio Tinto 's revenue will be around 65.92 billion GBp. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 44.61 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2021


    The analysts expect for 2021 a net profit of 23.55 billion GBp. The majority of the analysts expects for this year a profit per share of 1455 GBp. Based on this the price/earnings-ratio is 3.33.

    Huge dividend Rio Tinto

    Per share the analysts are expecting a dividend of 1184 GBp per share. Rio Tinto 's dividend yield thus equals 24.46 percent. The average dividend yield of the mining companies equals a poor 0.81 percent.

    Latest estimates around 4837 GBp

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

    Based on the current number of shares Rio Tinto 's market capitalization equals 6050.88 billion GBp. 14

    At 16.01 the stock trades 0.25 percent higher at 4841 GBp.

    Historical stock prices Rio Tinto past 10 years

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