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Dodgy Deal
Rio TintoAustralia
Company – Active
This profile is actively maintained
Last update: 2022-04-12 00:00:00
Rio Tinto's Kennecott open pit copper mine. Photo: arbyreed via Flickr (CC BY-NC-SA 2.0)
Company – Active
This profile is actively maintained
Last update: 2022-04-12 00:00:00
Why this profile?
About
| Sectors | Coal Mining, Mining, Nuclear Electric Power Generation |
| Headquarters |
|
| Ownership |
Shareholders. Rio Tinto plc is listed at the London Stock Exchange and Rio Tinto Ltd is listed at the Australian Securities Exchange. |
| Subsidiaries |
Riversdale Mozambique – Mozambique
|
| Website | http://www.riotinto.com |
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining companies in the world. The Group produces uranium, aluminium, copper, diamonds, coal, iron ore, gold and industrial minerals (borates, titanium dioxide, salt, talc). Rio Tinto operates in 50 countries, but it produces most in Australia and North America.
Impacts
Social and human rights impacts
See the Projects tab for information on the social and human rights impacts of Rio Tinto's "dodgy deals"
Environmental and climate impacts
See the Projects tab for information on the environmental impacts of Rio Tinto's "dodgy deals"
Other impacts
Rio Tinto's controversial business practices have prompted investors like the Government Pension Fund of Norway, NORGES bank, Birch Caring Capital, and the KLP to exclude Rio Tinto from their investment portfolios.
Financiers
From 2016 - 2020, thirty commercial banks financed Rio Tinto via loans totalling USD 16.35 billion (Profundo finance research April 2021). See below for more details on banks involved.
Commercial banks finance Rio Tinto via bond- and shareholding (Profundo finance research, April 2021 most recent filings). See below for more details on banks involved (listed are banks with bond- and shareholding USD 75 million+).
In October 2021 Rio Tinto issued USD 1.25 billion in bonds (maturing in 2051), which were underwritten by seven commercial banks. See below for more details on banks involved.
In November 2021, Rio Tinto entered into a USD 7.5 billion revolving credit facility with a syndicate of banks (maturity November 2026). The new facility replaced the USD 7.5 billion revolving credit facility dated 15 November 2013, last amended in November 2020.
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Projects
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Rio Tinto now.
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