RIO Stock Recent News

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Jakob Stausholm will step down as Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) chief executive at the end of 2025, a move that JPMorgan believes strengthens the case for unlocking value in the miner's global portfolio and dual-listed structure. The bank reiterated its 'overweight' rating on the stock and sees up to 30% upside, underpinned by a £59.20 base case valuation.

Rio Tinto (NYSE: RIO) has made important strategic decisions aimed at diversifying into critical minerals necessary for the energy transition, including lithium and bauxite. Rio Tinto operates as a vertically integrated mining company—managing the entire value chain from exploration and extraction to processing and export.

Did Jakob Stausholm jump or was he pushed out of the top job at the world's second biggest mining company, the London-based but Australian focused Rio Tinto?

LONDON--(BUSINESS WIRE)--Rio Tinto has today been confirmed as the preferred partner for the Salares Altoandinos lithium project in the Atacama region of Chile by Empresa Nacional de Minería (ENAMI), a state-owned Chilean mining company. Rio Tinto Chief Executive Jakob Stausholm said: “We are honoured to have been selected by ENAMI as the preferred partner for the Salares Altoandinos project, which has the potential to be a world-class lithium development. “We welcome the opportunity to develop.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Rio Tinto (RIO) announced Thursday that CEO Jakob Stausholm would be stepping down later this year after leading the mining and minerals provider since January 2021.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) said chief executive Jakob Stausholm would step down later this year once a successor is named, with a formal search for his replacement now underway. The announcement came unexpectedly, just five years into a tenure that typically lasts six.

The world's second-biggest miner by market value said Thursday that Stausholm would continue to lead the company while the process to replace him continues.

LONDON--(BUSINESS WIRE)--Rio Tinto today announced that Chief Executive Jakob Stausholm will step down from the Group later this year, at the conclusion of a succession process. Jakob joined Rio Tinto in 2018 as Executive Director and Chief Financial Officer, and became Chief Executive in January 2021. As Chief Executive, Jakob has reset Rio Tinto's strategy to align the group to the opportunities of the energy transition and shaped a pathway to a decade of profitable growth. Jakob will continu.