Rio Tinto To Post Better Financial Performance In 2018 Following The Sale Of Its Coal Business?


Workers walk through a tunnel towards elevators following a shift in the underground mining project at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto Group’s Turquoise Hill Resources Ltd. unit and state-owned Erdenes Oyu Tolgoi LLC, in Khanbogd, the South Gobi desert, Mongolia, on Saturday, Sept. 22, 2018.(Photographer: Taylor Weidman/Bloomberg)© 2018 Bloomberg Finance LP https://www.forbes.com/sites/greatspeculations/2019/02/25/rio-tinto-to-post-better-financial-performance-in-2018-following-the-sale-of-its-coal-business/#101a34186a45

By Trefis Team Contributor

Rio Tinto (NYSE: RIO), a leading global mining player and one of the largest iron ore miners in the world, is set to announce its FY 2018 results on February 27, 2019, followed by a conference call with analysts. The company is expected to report net revenue of $40.7 billion in 2018, 1.6% higher than $40 billion in 2017. Higher revenue would most likely be driven by increased output and higher prices of iron ore and aluminum, offset by the loss of revenue from the sale of coal assets. Earnings for the year are expected to be $5.14 per share, compared to $4.90 per share in 2017. The higher EPS is likely to be the result of gains from the sale of low-margin coal assets, lower finance cost due to a bond buyback program, and higher capitalized interest, slightly offset by higher exploration and evaluation costs.

Our expectations for Rio Tinto’s FY 2018 results and projection for the company’s key drivers that impact its price estimate are available in our interactive dashboard – Would Rising Prices And Output Of Iron Ore Help Rio Tinto Offset Loss Of Revenue From Coal Segment In 2018? In addition, here is more Materials data.

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