Rio Tinto Group

Company Snapshot: 

Rio Tinto is a multinational mining and resources group founded originally in 1873. The group is one of the world's largest mining companies. Since 1995, Rio Tinto has been a dual listed company. Rio Tinto Limited, formerly known as CRA, is listed on the Australian Securities Exchange, with Rio Tinto plc (formerly RTZ) listed on the London Stock Exchange as well as New York Stock Exchange (under ticker RTP). The two companies are managed as a single economic unit by a unified board, with a share in either company entitling the owner to the same voting rights and dividend payouts. RTZ shareholders made up 76.7% of the new unified entity, which is primarily managed from London. Its current chief executive is Tom Albanese and the company board is chaired by Paul Skinner.

Ownership status: 
Publicly traded
Number of employees worldwide: 
32,000
Chief executive officer: 
Paul Skinner
2008 Global Fortune 500 rank: 
263
Corporate accountability
Accountability overview: 

The Construction, Forestry, Mining and Energy Union (CFMEU) ran a campaign against the company when it tried to de-unionise its workforce after the introduction of the Howard Government's Workplace Relations Act 1996.

Another has been Rio Tinto's involvement in Papua New Guinea which triggered the Bougainville separatist crisis. While RTZ has put a lot of energy into cleaning up its tainted human-rights image from the aftermath of crises like the above, many critics feel the company has not substantially changed.

Location(s)

Rio Tinto plc
6 St James's Square
London, SW1Y 4LD
United Kingdom
Financial information
Stock ticker symbol: 
ASX: RIO, LSE: RIO, NYSE: RTP
Total revenue: 
$25.440 billion
Fiscal year: 
2006
Net Income: 
$7.867 billion
Fiscal year: 
2006
AttachmentSize
riotinto_2006_annual_review.pdf3.34 MB