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    RIO   AU000000RIO1

RIO TINTO GROUP

(RIO)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/18
101.45 AUD   +1.86%
03:37aRIO TINTO : RBC remains Neutral
MD
03:28aRIO TINTO : JP Morgan reiterates its Buy rating
MD
03:25aRIO TINTO : Berenberg reiterates its Neutral rating
MD
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Rio Tinto : and Canadian union reach labour deal for British Columbia ops

09/26/2021 | 02:49pm EDT
FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia

(Reuters) - Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.

The agreement comes after weeks of second-round talks between the two parties after the first round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had failed to go through in July.

Unifor, which represents about 900 workers at the miner's aluminium smelting plant in Kitimat and power generating facility in Kemano, had started a strike action at BC Works in July after the failed first round of talks.

"Both parties are satisfied that the proposed agreement will provide a foundation for respect in the workplace and underpin a competitive and sustainable future for BC Works," Rio Tinto said in a statement on its website on Sunday.

Both parties, however, refrained from revealing the details of the agreement until Unifor presented the proposed deal to its members and sought a ratification vote, which is expected to be conducted in the coming days, Rio added.

(Reporting by Sameer Manekar in Bengaluru; Editing by Emelia Sithole-Matarise)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO GROUP 1.86% 101.45 End-of-day quote.-10.88%
RIO TINTO PLC -0.71% 5002 Delayed Quote.-7.90%
All news about RIO TINTO GROUP
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Analyst Recommendations on RIO TINTO GROUP
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Financials (USD)
Sales 2021 62 745 M - -
Net income 2021 22 149 M - -
Net cash 2021 2 705 M - -
P/E ratio 2021 3,59x
Yield 2021 21,4%
Capitalization 82 718 M 113 B -
EV / Sales 2021 1,28x
EV / Sales 2022 1,59x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO GROUP
Duration : Period :
Rio Tinto Group Technical Analysis Chart | RIO | AU000000RIO1 | MarketScreener
Technical analysis trends RIO TINTO GROUP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 50,02 $
Average target price 74,75 $
Spread / Average Target 49,4%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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