Overview of Rio Tinto Group

Rio Tinto Mining Company was established in Spain 1873. Rio Tinto is Spanish, which means Yellow River. 1954, the company sold most of its Spanish business. From 1962 to 1997, the company merged several mining companies with global influence, and in 2000, it successfully acquired Australia Northern Mining Company, becoming a global leader in mineral resources exploration, mining and processing.

Rio Tinto Group is headquartered in Britain and Australia is headquartered in Melbourne. Hammersley Iron Ore Co., Ltd., which is controlled by the company, is the second largest iron ore producer in Australia. There are five production mines in Pilbara, Western Australia (Bai Zixuan Iron Mine, Palabudu Iron Mine, Chiana Iron Mine, Malandu Iron Mine and Bu Nockemann No.2 Mining Area), with proven reserves of about 265.438 billion tons, and the company's annual iron ore production capacity is 55 million tons. It is estimated that after the completion of the Yan Di mining project under construction, the company's annual iron ore production capacity will reach more than 65 million tons.

With a market value of US$ 52.3 billion, Rio Tinto is the second largest mining group in the world, second only to BHP Billiton. The company's total assets are divided by region, with 89% concentrated in Australia and North America. In 2004, the company's total turnover was A $654.38+04 billion, and its revenue sources were divided by regions: North America accounted for 25%, Europe for 22%, Japan for 65.438+08%, Australia and New Zealand for 8%, other Asian countries for 22% and other regions for 5%. According to products, coal and iron ore account for 65,438+09%, aluminum accounts for 65,438+07%, copper accounts for 65,438+06%, industrial raw materials account for 65,438+05%, gold and diamonds account for 5% respectively, and others account for 4%.

Rio Tinto Mining Group is not only one of the largest suppliers of resources exploitation and mineral products in the world, but also one of the three largest suppliers of iron ore in the world. As the world's largest supplier of resource exploitation and mineral products, Rio Tinto not only provides iron ore to the world, but also provides products including aluminum, copper, diamonds, energy products, gold and industrial minerals. The group's business covers all parts of the world, especially in Australia and North America. China is its fourth largest market after North America, Europe and Japan, and Lu Jiucheng also said that China is also the fastest growing market for the Group's business.