Rio Tinto commits to $2.4B Jadar lithium project in Serbia

  • Rio Tinto (RIO) says it commits $2.4B to development of the Jadar lithium borates project in Serbia, one of the world's largest greenfield lithium projects, scaling up the company's exposure to battery materials.
  • Rio says Jadar will position it to become the largest source of lithium supply in Europe for at least the next 15 years.
  • First saleable production is expected in 2026, and the mine is expected to produce 58K metric tons/year of lithium carbonate, 160K mt/year of boric acid and 255K mt/year of sodium sulphate, making Rio one of the world's 10 biggest lithium producers.
  • The company says next steps for the project are seeking an exploitation license and receipt of regulatory approvals.

    Over the current book year the company from London could achieve a revenue around 66.71 billion GBp (consensus estimates). This is rather significant more than 2021's revenue of 44.61 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2021

    aandeel

    The analysts expect for 2021 a net profit of 24.46 billion GBp. The majority of the analysts expects for this year a profit per share of 1481 GBp. The price/earnings-ratio is then 3.81.

    Huge dividend Rio Tinto

    Per share the analysts are expecting a dividend of 1123 GBp per share. Rio Tinto 's dividend yield thus equals 19.88 percent. The average dividend yield of the mining companies equals a low 0.81 percent.

    Latest estimates around 6893 GBp

    The most recent recommendations for the mining company are from Barclays , Goldman Sachs and JP Morgan.

    Rio Tinto 's market capitalization is based on the number of outstanding shares around 7062.07 billion GBp. 33

    Historical stock prices Rio Tinto

    equity research riotinto

    At 17.37 the stock trades 0.23 percent higher at 5650 GBp.

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