Tuesday, November 18, 2025

ASX #3 Rio Tinto

  1.  Market Cap AUD 182 billion. 3rd largest ASX after CBA and BHP. One of the largest globally.
  2. 55,000 employees
  3. Production
    1. Iron Ore - ~328 Mt. (2nd largest globally after Vale. Larger than BHP. Global 2.5 billion tonnes
    2. Aluminium - Bauxite 58.6 million tonnes.  (total global is 370 million tonnes). Perhaps the largest bauxite company. Aluminium of 3.2 million tonnes.  (Perhaps higher in raw material)
      1. Global aluminium production was approximately 72 million tonnes in 2024
    3. Copper - total 624 kt. refined copper 248k tonnes. (PArtner with BHP on Escondida, BHP majrity)
    4. Minerals - Diamonds, Borate, Iron ore pellets, titanium di oxide
  4. Revenue. Total 53.6 billion (CY23 54 billion) - perhaps per tonne impact yet to come through (BHP reports June. While this, Rio does Dec reporting)
    1. Iron Ore USD 29.339 billion (larger than BHP in this segment.)
    2. Alum segment revenue$ 13.6 billion
    3. Copper segment revenue $9.2 billion (to check revenue volume value - seems higher than price per tonne basis) - pehaps gets adjusted in share of equity accounting/
    4. Minerals $5.5 billion
  5. EBITDA of 23.314 billion/ PAT of $11.57 billion (Slightly lower P/E than BHP)
(BHP is big in Copper, then iron and coking coal. Rio is big in iron ore (2nd largest), alumin, and then Copper)





















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