Latest news with #RioTintoGroup
Yahoo
29-05-2025
- Business
- Yahoo
Jim Cramer on Rio Tinto (RIO): 'I Like Rio Tinto'
We recently published a list of . In this article, we are going to take a look at where Rio Tinto Group (NYSE:RIO) stands against other stocks that Jim Cramer discusses. A caller asked what Cramer thought of Rio Tinto Group (NYSE:RIO), and he remarked: 'I like Rio Tinto. I like Rio. I like the yield. I like the company. It's a globe-trotting company, so to speak. I like those guys.' Aerial view of an open pit mine, with workers extracting minerals. Rio Tinto (NYSE:RIO) mines and processes various minerals such as iron ore, aluminum, and copper. Additionally, the company works on projects for materials like lithium and manages related infrastructure. Over the past year, RIO stock went down more than 14%. Moreover, back in January, when Cramer was asked about the company, he said: 'Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.' Overall, RIO ranks 17th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RIO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Jim Cramer on Rio Tinto (RIO): 'I Like Rio Tinto'
We recently published a list of . In this article, we are going to take a look at where Rio Tinto Group (NYSE:RIO) stands against other stocks that Jim Cramer discusses. A caller asked what Cramer thought of Rio Tinto Group (NYSE:RIO), and he remarked: 'I like Rio Tinto. I like Rio. I like the yield. I like the company. It's a globe-trotting company, so to speak. I like those guys.' Aerial view of an open pit mine, with workers extracting minerals. Rio Tinto (NYSE:RIO) mines and processes various minerals such as iron ore, aluminum, and copper. Additionally, the company works on projects for materials like lithium and manages related infrastructure. Over the past year, RIO stock went down more than 14%. Moreover, back in January, when Cramer was asked about the company, he said: 'Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.' Overall, RIO ranks 17th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RIO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Rio Tinto CEO to Step Down
On May 22, Rio Tinto Group (NYSE:RIO) announced that CEO Jakob Stausholm will be leaving his position later this year. This transition will happen as the mining giant pushes forward with significant expansion projects. Drills extracting gold from a gold mine, revealing the company's gold mining operation. Stausholm has been part of Rio Tinto since 2018 when he came on board as the Chief Financial Officer. He later took the company's reigns after which he 'reset the company's strategy to align the group to the opportunities of the energy transition and shaped a pathway to a decade of profitable growth.' Chair Dominic Barton emphasized that Stausholm has 'restored trust with key stakeholders' and built a strong foundation for future growth. Most importantly, Barton said, the CEO's succession will allow Rio Tinto to enter its next phase, focusing on operational excellence. As that happens, the company has revealed plans to expand its Amrun bauxite mine on Cape York Peninsula. The Kangwinon project aims to nearly double the bauxite production capacity from Rio Tinto's (NYSE:RIO) Weipa Southern operations. This $1.9 billion expansion would generate over 800 construction jobs and could increase annual production by up to 20 million tons. Rio Tinto (NYSE:RIO) is a global mining company that explores, mines, and processes mineral resources. The company operates through segments like Iron Ore, Aluminum, Copper, and Minerals. It produces iron ore, bauxite, alumina, copper, gold, silver, diamonds, borates, titanium dioxide, and lithium. While we acknowledge the potential of Rio Tinto Group (NYSE:RIO) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
22-05-2025
- Business
- Bloomberg
Rio Starts Next CEO Hunt as Stausholm To Leave This Year
By and Thomas Biesheuvel Updated on Save Rio Tinto Group has started the hunt for a new chief executive officer after announcing that Jakob Stausholm will step down later this year. The world's No. 2 mining company plans to make an announcement before its third-quarter production results as it looks to capitalize on an enviable list of growth projects.
News.com.au
22-05-2025
- Business
- News.com.au
Rio Tinito Chief Executive Jakob Stausholm to step down
Rio Tinto Chief Executive Jakob Stausholm will step down later this year. Stausholm joined Rio in 2018 as CFO, then Jean Sebastian Jacques joined as CEO in 2021 after the company's disastrous Jukan Gorge debacle.
