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Rio Tinto (corporation)Rio Tinto GroupRio Tinto plc & Rio Tinto LimitedRio Tinto LogoMeelbourne scraper.jpgRio Tinto headquarters in Melbourne(Australia registered office)TypeDual-listed companyTraded asASX: RIOLSE: RIONYSE: RIOFTSE 100 ComponentIndustryMetals and MiningFounded1873; 148 years agoHeadquartersLondon, United Kingdom (Global headquarters & Rio Tinto Plc)Melbourne, Australia (Rio Tinto Limited)Area servedWorldwideKey peopleSimon Thompson (chairperson) Edit this on WikidataJakob Stausholm (CEO) Edit this on WikidataJakob Stausholm
ProductsIron ore, Bauxite, Alumina, Aluminium, Copper, Molybdenum, Gold, Diamonds,Uranium, Titanium Dioxide, Borates, Salt, TalcRevenueIncrease US$44.611 billion (2020)Operating incomeIncrease US$16.829 billion (2020)Net incomeIncrease US$10.400 billion (2020)Total assetsIncrease US$97.390 billion (2020)Total equityIncrease US$47.054 billion (2020)Number of employees45,000 (2020)WebsiteRio Tinto Group is an Anglo-Australian multinational and the world's second largest metals andmining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium.The company was founded in 1873, when a multinational consortium of investors purchased amine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. Since then, thecompany has grown through a long series of mergers and acquisitions to place itself among theworld leaders in the production of many commodities, including aluminium, iron ore, copper,uranium, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto alsohas significant operations in refining, particularly for refining bauxite and iron ore. Rio Tintohas joint head offices in London (global and "plc") and Melbourne ("Limited" – Australia).Rio Tinto is a dual-listed company traded on both the London Stock Exchange, where it is acomponent of the FTSE 100 Index, and the Australian Securities Exchange, where it is acomponent of the S&P/ASX 200 index. Additionally, American Depositary Shares of RioTinto's British branch are traded on the New York Stock Exchange, giving it listings on atotal of 3 major stock exchanges. In the 2020 Forbes Global 2000, Rio Tinto was ranked as the114th-largest public company in the world.
In May 2020, in order to expand the Brockman 4 mine, Rio Tinto demolished a sacred cave inJuukan Gorge, Western Australia, which had evidence of 46,000 years of continual humanoccupation, and was considered the only inland site in Australia to show signs of continualhuman occupation through the last Ice Age. Rio Tinto later apologised for the distress caused andCEO Jean-Sébastien Jacques subsequently stepped down.Rio Tinto has been widely criticised by environmental groups as well as the government ofNorway for the environmental impacts of its mining activities: claims of severe environmentaldamages related to Rio Tinto's engagement in the Grasberg mine in Indonesia led theGovernment Pension Fund of Norway to exclude Rio Tinto from its investment portfolio.