Finding better ways to provide the materials the world needs
Our business
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs
Our purpose in action
Continuous improvement and innovation are part of our DNA
Innovation
The need for innovation is greater than ever
We supply the metals and minerals used to help the world grow and decarbonise
Iron Ore
The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
Lithium
The lightest of all metals, it is a key element needed for low-carbon technologies
Copper
Tough but malleable, corrosion-resistant and recyclable, and an excellent conductor of heat and transmitter of electricity
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Oyu Tolgoi
One of the most modern, safe and sustainable operations in the world
Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
Providing materials the world needs in a responsible way
Climate Change
We’re targeting net zero emissions by 2050
Nature solutions
Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
Enabling ESG transparency
Our STARTâ„¢ initiative tracks traceability and responsible production of ÌÇÐÄvlogÈë¿Úmaterials.
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
Reports 2024
Download our 2024 suite of reports, including our 2024 Taxes and Royalties Paid Report, detailing $8.4 billion of taxes and royalties paid globally during the year
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Things You Can't Live Without
Our podcast discussing what needs to happen to create a sustainable future for the everyday items we have come to rely on
Refuelling the mining industry
How can we power the world’s biggest machines with new fuel solutions?
Forging a low-carbon future
How we're working to decarbonise iron ore and steel
Discover more about life at Rio Tinto
Graduates and students
If you want to drive real change, we have just the place to do it
Empowering families with flexibility
Supporting new parents of any gender with equal access to parental leave
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ÌÇÐÄvlogÈë¿Úhas successfully completed its bond tender and redemption exercises announced on 20 March 2018 and as a result it has reduced gross debt by $1.94 billion equivalent. Since the start of 2016 we have now reduced the nominal value of our outstanding bonds from approximately $21 billion equivalent to about $7.8 billion equivalent.
The notes redeemed by ÌÇÐÄvlogÈë¿ÚFinance (USA) plc and ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited under the $1.4 billion redemption notices in addition to the the notes purchased by ÌÇÐÄvlogÈë¿ÚFinance plc of €432 million under the tender offer amounted to $1.94 billion equivalent are detailed below.Â
(1) Settlement of 2.000% Notes due 2020 and 2.875% Notes due 2024 was on 29 March 2018. Settlement of 4.125% Notes due 2021, 3.750% Notes due 2021, 3.500% Notes due 2022 and 2.875% Notes due 2022 was on 19 April 2018.(2) Per $1,000 principal amount of notes under the redemption notice.(3) Per €1,000 principal amount of notes validly tendered and accepted for purchase.
Capitalised terms in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum dated 20 March 2018. The Notes purchased and redeemed have been cancelled.
The early redemption costs are expected to reduce earnings before tax by approximately $90 million and cash flow from operating activities by approximately $80 million in the first half of 2018. These reductions will be offset by savings in future periods.