Rio Tinto, Komatsu team up on zero-emission mining haulage solutions

  • Rio Tinto (NYSE:RIO) and Komatsu team up to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.
  • Under the partnership, Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.
  • Rio Tinto is one of the first companies to join Komatsu's newly launched Greenhouse Gas (GHG) Alliance which has an initial target of advancing Komatsu's power agnostic truck concept for a haulage vehicle that can run on a variety of power sources including battery and hydrogen.

    For this year the company from London could earn a total revenue around 66.71 billion GBp. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 44.61 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2021

    historische koersen

    The analysts expect for 2021 a net profit of 24.46 billion GBp. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 1481 GBp. Based on this the price/earnings-ratio is 3.81.

    Huge dividend Rio Tinto

    For this year the analysts expect 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 is a limited 0.81 percent.

    Recent target prices around 6893 GBp

    Barclays , Goldman Sachs and JP Morgan recently provided recommendations for the stock.

    Rio Tinto 's market capitalization is around 7062.07 billion GBp. 35

    Historical stock prices Rio Tinto

    stock analysis riotinto

    At 16.06 the stock trades 2.6 percent lower at 5650 GBp.

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