OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor RIO ASX

Rio Tinto Limited

Producer · Iron Ore · Copper · Lithium · Bauxite · Others · AU · CL · MN · US · CA · GN · BR · IS · NZ · OM · AR · GB · JP · CN · ZA · MG · PE · RS Rating locked: sign in to view v8 · rio-20261024t160234-full
Last 2026-11-06
A$149.93
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$246.1B
EV
A$267.2B
Cash
US$8.9B
Debt
US$21.4B
4 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

Sign in or enter a guest code
Chronological evidenceSource-document inventory13 documents
Local eligible ASX RIO closeMarket Data · MediumExtracted

Latest eligible raw ASX RIO close from local price database, 13 October 2026; not an October 24 quote.

Document ID
market-close
Published UTC
2026-10-13T06:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
Independent commodity normalization counterargumentEconomic Arrangement · MediumExtracted

Morningstar primary analyst commentary describes stronger copper/aluminium, but argues that long-run demand and China steel normalize. External fair value was visible but is not an input to this independently built model. Publication date verified; timestamp fields normalize date-only metadata because actual release time was unavailable. No event-return timing is inferred.

Document ID
independent-commodity-debate
Published UTC
2026-10-13T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
Bell Bay operating and power agreementEconomic Arrangement · MediumExtracted

Hydro Tasmania power and government support provide an operating pathway to end-2031; price of power and quantified government payments are not disclosed. No separate subsidy value booked.

Document ID
bell-bay-agreement
Published UTC
2026-10-01T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
Government Bell Bay support cap transcriptEconomic Arrangement · MediumExtracted

Five-year A$200m support cap, no more than A$50m/year between both governments; new package begins 1 January 2027. Amount depends on metal price and is distinct from commercial power deal. Publication date verified; timestamp fields normalize date-only metadata because actual release time was unavailable. No event-return timing is inferred.

Document ID
bell-support-cap
Published UTC
2026-10-01T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
2026 Half-year ResultsResults · HighExtracted

Latest eligible earnings, cash, debt, project updates, sensitivities, ownership and capital commitments reviewed.

Document ID
hy2026-results
Published UTC
2026-07-29T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
Half-year 2026 Results ScriptPresentation · HighExtracted

CEO and CFO investment, productivity and capital-allocation discussion read in full.

Document ID
hy2026-remarks
Published UTC
2026-07-29T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
Half-year 2026 Australia Q&APresentation · HighExtracted

Sell-side questions on capital efficiency, tax disputes, Kennecott extension and Resolution read in full.

Document ID
hy2026-questions
Published UTC
2026-07-29T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
Second-quarter 2026 Operations ReviewOperations · HighExtracted

Production and guidance, revised cost outlook, commissioning and project gates reviewed.

Document ID
q2-2026-operations
Published UTC
2026-07-15T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
Appointment of Trudi CharlesLeadership · MediumExtracted

Trudi Charles succeeded Isabelle Deschamps from 1 August 2026 as Chief Legal Officer, Governance & Corporate Affairs.

Document ID
executive-change
Published UTC
2026-05-14T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
First-quarter 2026 Operations ReviewOperations · HighExtracted

Previous operating period and revised construction and ownership terms reviewed.

Document ID
q1-2026-operations
Published UTC
2026-04-21T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
2025 Annual ReportResults · HighPartial

Financial statements, executive baseline, interests and resource/reserve tables reviewed; extensive non-material remuneration and ESG appendices not reproduced.

Document ID
fy2025-evidence
Published UTC
2026-02-19T00:00:00+00:00
Projects
—
Commodities
iron_ore · copper · lithium · bauxite · others
Open original source ↗
Conditional CBA acquisition with ChalcoOther · MediumExtracted

RIO proposes 33% of a JV acquiring Votorantim 68.596% CBA stake; pro rata consideration US$297.8m, plus contingent tender obligations; regulatory and customary conditions remain. No closed ownership or acquired cash flow assumed.

Document ID
conditional-cba
Published UTC
2026-01-30T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
Binding ENAMI lithium partnership termsEconomic Arrangement · MediumExtracted

Rio 51% interest; up to US$425m cash and non-cash contributions, staged studies subject to investment gates. Not an all-cash unconditional closing liability. Publication date verified; timestamp fields normalize date-only metadata because actual release time was unavailable. No event-return timing is inferred.

Document ID
enami-terms
Published UTC
2025-07-24T00:00:00+00:00
Projects
—
Commodities
—
Open original source ↗
Evidence facts95
annual-f1cash

8872000000.0 USD

2025-12-31
annual-f2debt

21931000000.0 USD

2025-12-31
annual-f3lease_liabilities

1586000000.0 USD

2025-12-31
annual-f4book_equity

62203000000.0 USD

2025-12-31
annual-f5shares_basic

1625502000.0 shares

2025-12-31
annual-f6revenue

57638000000.0 USD

2025-12-31
annual-f7ebitda

25363000000.0 USD

2025-12-31
annual-f8npat

9966000000.0 USD

2025-12-31
annual-f9operating_cash_flow

16832000000.0 USD

2025-12-31
annual-f10capex

12335000000.0 USD

2025-12-31
native-f0257Pilbara economic portfolio: production fy; Rio attributed FY2025 output

280277000 t wet saleable iron ore

2025-12-31
native-f0258Iron Ore Company of Canada: production fy; Rio attributed FY2025 output

9339000 t marketable iron-ore concentrate and pellets

2025-12-31
native-f0263Lithium operating and sanctioned expansion portfolio: production fy; Rio attributed FY2025 output

46000 t lithium carbonate equivalent (LCE)

2025-12-31
native-f0267Gove: production fy; Rio attributed FY2025 output

12729000 t marketable bauxite ore

2025-12-31
native-f0268Weipa/Amrun/Andoom: production fy; Rio attributed FY2025 output

39464000 t marketable bauxite ore

2025-12-31
native-f0269MRN Porto Trombetas: production fy; Rio attributed FY2025 output

2543000 t marketable bauxite ore

2025-12-31
native-f0270Sangaredi CBG: production fy; Rio attributed FY2025 output

7665000 t contract-entitled marketable bauxite ore

2025-12-31
native-f0280Escondida: resource contained; 100pct contained basis

95747400.0 t Cu

2025-12-31
native-f0284Winu: resource contained; 100pct contained basis

2964000.0 t Cu

2025-12-31
native-f0288Resolution: resource contained; 100pct contained basis

28256800.0 t Cu

2025-12-31
native-f0292Oyu Tolgoi: resource contained; 100pct contained basis

12115800.0 t Cu

2025-12-31
native-f0296Kennecott and Bingham Canyon: resource contained; 100pct contained basis

1162800.0 t Cu

2025-12-31
native-f0303Iron Ore Company of Canada: resource contained; 100pct contained basis

578507999.9999999 t Fe

2025-12-31
native-f0307Simandou Blocks 3 and 4 with infrastructure: resource contained; 100pct contained basis

809725000.0 t Fe

2025-12-31
native-f0342Pilbara economic portfolio: resource contained; attributable contained basis

10910373209.0 t Fe

2025-12-31
native-f0344Cauchari: resource contained; reported gross inventory, resource interest 100%

1120000 t in-situ Li metal

2025-12-31
native-f0347Fenix: resource contained; reported gross inventory, resource interest 100%

2210000 t in-situ Li metal

2025-12-31
native-f0350Olaroz: resource contained; reported gross inventory, resource interest 73.5%

5070000 t in-situ Li metal

2025-12-31
native-f0353Rincon: resource contained; reported gross inventory, resource interest 100%

2190000 t in-situ Li metal

2025-12-31
native-f0356Sal de Vida: resource contained; reported gross inventory, resource interest 100%

1350000 t in-situ Li metal

2025-12-31
native-f0360Escondida: reserve contained; 100pct contained basis

33539400.0 t Cu

2025-12-31
native-f0363Kennecott and Bingham Canyon: reserve contained; 100pct contained basis

2808200.0 t Cu

2025-12-31
native-f0368Cauchari: reserve contained; reported Rio share after process recovery

690000 t recoverable LCE

2025-12-31
native-f0369Fenix: reserve contained; reported Rio share after process recovery

4110000 t recoverable LCE

2025-12-31
native-f0370Olaroz: reserve contained; reported Rio share after process recovery

1080000 t recoverable LCE

2025-12-31
native-f0371Rincon: reserve contained; reported Rio share after process recovery

2250000 t recoverable LCE

2025-12-31
native-f0372Sal de Vida: reserve contained; reported Rio share after process recovery

1720000 t recoverable LCE

2025-12-31
native-f0383Boron integrated mine and refinery: resource contained; 100pct contained basis

9300000.0 t B2O3

2025-12-31
native-f0387QMM: reserve contained; 100pct contained basis

8224000.0 t Ti minerals

2025-12-31
native-f0390Richards Bay Minerals: reserve contained; 100pct contained basis

26975000.0 t Ti minerals

2025-12-31
native-f0393Lac Tio: reserve contained; 100pct contained basis

117576000.0 t Ti minerals

2025-12-31
native-f0396Oyu Tolgoi: reserve contained; 100pct contained basis

5834400.0 t Cu

2025-12-31
native-f0397Boron integrated mine and refinery: reserve contained; 100pct payable basis

12000000.0 t B2O3

2025-12-31
hy-f1cash

8913000000.0 USD

2026-06-30
hy-f2debt

21414000000.0 USD

2026-06-30
hy-f3lease_liabilities

1438000000.0 USD

2026-06-30
hy-f4book_equity

65461000000.0 USD

2026-06-30
hy-f5shares_basic

1626800000.0 shares

2026-06-30
hy-f6End-date fully diluted share proxy

1641214176.7167115 shares

2026-06-30
hy-f7revenue

31028000000.0 USD

2026-06-30
hy-f8ebitda

14826000000.0 USD

2026-06-30
hy-f9npat

6664000000.0 USD

2026-06-30
hy-f10operating_cash_flow

9173000000.0 USD

2026-06-30
hy-f11capex

5947000000.0 USD

2026-06-30
hy-f12Closure and environmental provision

18882000000.0 USD

2026-06-30
hy-f13Closure receivables

411000000.0 USD

2026-06-30
hy-f14Other liquid investments

141000000.0 USD

2026-06-30
hy-f15Net debt derivatives

263000000.0 USD

2026-06-30
hy-f16Capital guidance

11000000000.0 USD

2026-07-29
f0374-ledgersimandou remaining_capex (100pct)

1700000000.0 USD

2026-06-30
f0376-ledgerrincon remaining_capex (100pct)

1900000000.0 USD

2026-06-30
f0378-ledgerwhabouchi remaining_capex (100pct)

300000000.0 USD

2026-06-30
native-f0272Pilbara economic portfolio: c1 cost; reported FOB wet-ore cash cost

25 USD/wmt saleable iron ore

2026-06-30
native-f0273Pilbara economic portfolio: guidance; sales guidance lower bound, high=338000000.0

323000000.0 t wet saleable iron ore/year

2026-12-31
native-f0274Iron Ore Company of Canada: guidance; sales guidance lower bound, high=18000000.0

15000000.0 t marketable iron-ore concentrate and pellets/year

2026-12-31
native-f0275Simandou Blocks 3 and 4 with infrastructure: guidance; sales guidance lower bound, high=10000000.0

5000000.0 t wet mine-gate crushed iron ore before final crushing/year

2026-12-31
native-f0277Lithium operating and sanctioned expansion portfolio: guidance; production guidance lower bound, high=64000.0

61000.0 t lithium carbonate equivalent (LCE)/year

2026-12-31
native-f0299La Granja: resource contained; 100pct contained basis

43700000.0 t Cu

2025-12-31
f0228-ledgerpilbara production_half_year (100pct)

138703000.0 t

2026-06-30
f0230-ledgerioc production_half_year (100pct)

6366269.165247019 t

2026-06-30
f0232-ledgersimandou production_half_year (100pct)

1229744.728079911 t

2026-06-30
f0234-ledgerescondida production_half_year (100pct)

576666.6666666667 t

2026-06-30
f0236-ledgeroyu production_half_year (100pct)

198484.84848484848 t

2026-06-30
f0238-ledgerkennecott production_half_year (100pct)

54900.0 t

2026-06-30
f0240-ledgeraluminium production_half_year (100pct)

1676000.0 t

2026-06-30
f0242-ledgerlithium production_half_year (100pct)

27300.0 t

2026-06-30
f0244-ledgerrtit production_half_year (100pct)

445000.0 t

2026-06-30
f0246-ledgerboron production_half_year (100pct)

265000.0 t

2026-06-30
f0248-ledgersalt production_half_year (100pct)

3109649.1228070175 t

2026-06-30
f0250-ledgergove production_half_year (100pct)

6338000.0 t

2026-06-30
f0252-ledgerweipa production_half_year (100pct)

17309000.0 t

2026-06-30
f0254-ledgermrn production_half_year (100pct)

5004545.454545454 t

2026-06-30
f0256-ledgercbg production_half_year (100pct)

16261437.908496734 t

2026-06-30
native-f0227Pilbara economic portfolio: production quarter; Rio attributed output

70937000 t wet saleable iron ore

2026-06-30
native-f0229Iron Ore Company of Canada: production quarter; Rio attributed output

1714000 t marketable iron-ore concentrate and pellets

2026-06-30
native-f0231Simandou Blocks 3 and 4 with infrastructure: production quarter; Rio attributed output

297000 t wet mine-gate crushed iron ore before final crushing

2026-06-30
native-f0241Lithium operating and sanctioned expansion portfolio: production quarter; Rio attributed output

14600 t lithium carbonate equivalent (LCE)

2026-06-30
native-f0249Gove: production quarter; Rio attributed output

3229000 t marketable bauxite ore

2026-06-30
native-f0251Weipa/Amrun/Andoom: production quarter; Rio attributed output

9407000 t marketable bauxite ore

2026-06-30
native-f0253MRN Porto Trombetas: production quarter; Rio attributed output

578000 t marketable bauxite ore

2026-06-30
native-f0255Sangaredi CBG: production quarter; Rio attributed output

1986000 t contract-entitled marketable bauxite ore

2026-06-30
reference-close-20261013ASX RIO raw close

161 AUD/share

2026-10-13
bell-f2Bell Bay power agreement end

2031-12-31 date

2026-10-01
legal-f3Trudi Charles start

2026-08-01 date

2026-05-14
cba-f5Rio pro-rata agreed acquisition consideration

297800000.0 USD

2026-01-30
Conflicts requiring judgment2
  • ownership basis

    Gross operating and resource bases are explicitly converted before economic ownership; portfolio aggregates already at equity economic scope are not multiplied again.

  • Eastern Range current legal interest

    Annual property narrative page 318 says Eastern Range reverted to 100% in 2025; July 2026 QOR page 25 still states 54%. Select the latest dated operations footnote for current legal-interest card, retain both histories as an unresolved disclosure inconsistency. Production entitlement is 100% under offtake in either cited QOR footnote, so portfolio cash flows are unaffected.