Rio Tinto (ADR)

Rio Tinto has set the exchange rates for the previously announced interim dividend of 148.00 US cents per share for the half-year to 30 June 2025. Shareholders choosing payment will receive 108.58 pence (exchange rate 1.36305), 221.97 Australian cents (0.66675) or 247.82 New Zealand cents (0.59720). The payment to holders of shares and ADRs will be made on 25 September 2025; US dollar payments remain unchanged. » Więcej na de.investing.com

New CEO Simon Trott has reorganized Rio Tinto into three core business units — iron ore, copper, and a combined aluminium–lithium group — and put assets including borates in California, Richards Bay Minerals and Quebec operations under strategic review that could lead to divestments. The move includes senior appointments (Matthew Holcz for iron ore, Jérôme Pécresse for aluminium–lithium) and notable departures (Kellie Parker, Sinead Kaufman) as the company faces weaker commodity prices and a drop in half-year profit. The overhaul aims to sharpen focus and improve returns amid two years of cash-flow weakness in parts of the minerals division. » Więcej na finance.yahoo.com

Rio Tinto is reorganizing its structure and will focus going forward on three core businesses: iron, aluminium & lithium, and copper, to simplify the company and make it more profitable. Leadership changes and reshuffles: Matthew Holcz will lead the iron division, Jérôme Pécresse the aluminium & lithium division (including Arcadium lithium), Katie Jackson remains responsible for copper; Sinead Kaufman is leaving the group and the role "Chief Executive Australia" (Kellie Parker) is being removed. Group CEO Simon Trott emphasizes a focus on efficiency and the expansion of iron ore and copper projects such as Simandou and Oyu-Tolgoi, with the aim of significantly increasing copper production by 2030. » Więcej na de.investing.com