DiversifiedLSE: RIO
Rio Tinto
British-Australian mining group founded in 1873 that operates as a dual-listed company across London and Melbourne. It is one of the world's largest diversified miners, producing iron ore, aluminium, copper and lithium.
- Founded
- 1873
- Headquarters
- London
- Employees
- 60,000
- Recent stories
- 2
Overview
What Rio Tinto does
British-Australian mining group founded in 1873 that operates as a dual-listed company across London and Melbourne. It is one of the world's largest diversified miners, producing iron ore, aluminium, copper and lithium.
Its main African business is a 74% stake in Richards Bay Minerals, South Africa's largest mineral sands producer, which it revived with a $473m Zulti South expansion; Rio Tinto is also developing the giant Simandou iron ore project in neighbouring Guinea.
Iron orealuminiumcopperlithium
Annual output
US$57.638bn revenue (2025)
In the news
Every storyLatest on Rio Tinto
Rio Tinto lifts suspension on $473m Zulti South mineral sands project
People moves
Comings and goings
- Departs
Werner Duvenhage — Managing Director, Richards Bay Minerals, Rio Tinto (Richards Bay Minerals)
Richards Bay Minerals said managing director Werner Duvenhage would leave on 31 July 2026 to take up an opportunity outside Rio Tinto. Duvenhage, who also headed Rio Tinto Iron and Titanium's African operations, ran Rössing Uranium in Namibia before moving to RBM, where he oversaw the restart of the Zulti South project.
- Appointed
Simon Trott — Chief Executive Officer
Rio Tinto chose its iron ore chief Simon Trott to replace Jakob Stausholm as group CEO from 25 August 2025. Among the challenges Trott inherits is bringing the Simandou iron ore project in Guinea into production, while Rio's African portfolio also includes Richards Bay Minerals in South Africa and QMM in Madagascar.