Rio takes control of Australia partnership with Russia's Rusal

  • Rio Tinto (NYSE:RIO) took full control of an alumina refinery it owns with Russia's United Company Rusal (OTC:UNRIF) in Australia, Bloomberg reports, formally removing access to a key source of raw material for the Russian aluminum producer.
  • Rusal had been unable to access its share of production from Queensland Alumina, in which it owns 20percent; vs. Rio's 80percent;, since Australia announced a ban on the export of alumina to Russia last month.
  • Rio was asked by Queensland Alumina management to step in and take full control of the asset after it received legal advice suggesting the operating structure could not comply with Australia's sanctions, according to Bloomberg.
  • While Russian aluminum has not been specifically targeted by sanctions, the uncertainty from Russia's war on Ukraine and Rusal's growing supply chain problems helped drive prices to record highs last month.

    For this year the company, based in London revenue will be around 59.93 billion GBp. This is according to the average of the analysts' estimates. The expected revenue would be the highest in her history. This is slightly lower than 2021's revenue of 63.5 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2022

    aandelenanalyses

    The analysts expect for 2022 a net profit of 19.56 billion GBp. According to most of the analysts the company will have a profit per share for this book year of 1240 GBp. The price/earnings-ratio is then 4.43.

    Huge dividend Rio Tinto

    Per share the analysts expect a dividend of 892 GBp per share. Rio Tinto 's dividend yield thus equals 16.24 percent. The average dividend yield of the mining companies equals a moderate 0.81 percent.

    Latest estimates around 5800 GBp

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

    Rio Tinto 's market capitalization is based on the number of outstanding shares around 6848 billion GBp. -2

    At 13.26 the stock trades 1.77 percent higher at 5492 GBp.

    Historical stock prices Rio Tinto

    fundamental data riotinto

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