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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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Delayed Quote. Delayed London Stock Exchange - 09/22 06:37:11 am
4837.485 GBX   +2.77%
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Rio Tinto : to cut output to 35% at Canadian smelter amid union strike

07/26/2021 | 04:16pm EDT

July 26 (Reuters) - Miner Rio Tinto said on Monday it planned to cut production at its BC Works aluminium smelter in Kitimat, Canada to 35% following a strike initiated by the Canadian union Unifor after negotiation talks failed.

Unifor said on Sunday about 900 workers had started strike action at the miner's operations in the western Canadian province of British Columbia, after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.

Rio Tinto employs about 1,050 people at the BC Works smelter and Kemano powerhouse, of which the union represents about 900 workers.

The miner, which has been granted an essential services order by the British Columbia Labour Relations Board, said a reduced workforce is also in place to ensure the Kemano hydro-power facility continues to run. [https://refini.tv/2Wf54r0 ] (Reporting by Rithika Krishna in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2021
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 65 990 M - -
Net income 2021 23 900 M - -
Net cash 2021 3 881 M - -
P/E ratio 2021 4,40x
Yield 2021 17,9%
Capitalization 106 B 106 B -
EV / Sales 2021 1,55x
EV / Sales 2022 1,90x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
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Rio Tinto plc Technical Analysis Chart | RIO | GB0007188757 | MarketScreener
Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 64,28 $
Average target price 83,58 $
Spread / Average Target 30,0%
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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