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Rio Tinto Group SWOT & PESTLE Analysis

ID : 5257353| Nov 2020| 17 pages

COMPANY PROFILE -Rio Tinto Group

Business Sector :Metals and Mining

Operating Geography :United Kingdom, Europe, Australia, Global

About Rio Tinto Group :

Rio Tinto Group is a British-Australian MNC in the field of metals and mining with a primary focus on extraction though they also own refining subsidiaries. Established in 1873, the company is headquartered in London, UK. Half of the global assets of the company are housed in the Australian continent with headquarters in Melbourne and offices in Perth and Brisbane. It specializes in the production of iron ore, bauxite, coal, alumina, aluminium, uranium, diamonds, and salt in Australia.
Rio Tinto is renowned for being a pioneer in the mining and metals industry. After undergoing a long series of mergers and acquisitions the company has become a global leader in the production of many commodities. The company majorly produces iron ore for steel, aluminum for automobiles and smartphones, copper for wind turbines, diamonds, titanium for household commodities, and borates for crops that feed the world. As of 2020, the company has its footholds in 36 countries, with 60 Operations & Projects,37,000 Suppliers, 46,007 Employees, and nearly 2,000 Customers. Rio Tinto is posted on the Forbes list of World's Best Employers 2020 at 115th position and stands 114th in Global 2000 2020 list.
Rio Tinto Mission Statement reads “We aim to deliver superior returns to our shareholders throughout the cycle by meeting our customers’ needs, allocating capital with discipline, and investing in high-quality projects and in industries with solid, long-term fundamentals.” The company aims to achieve this by focusing on the 'four Ps': Portfolio, People, Partners, and Performance, which are the key strategic pillars of Rio Tinto. Rio Tinto’s vision is “To provide Rio Tinto Group companies with a competitive advantage by collaborating with business units to reduce their Total Cost of Ownership (TCO) in procured goods and services.”
The USP or Unique Selling proposition of Rio Tinto sprawls in being the world's second-largest metals and mining corporation, after BHP. It is also a socially responsible company, that became the only major mining company to stop producing fossil fuels, including coal, in 2018.

Rio Tinto Group Revenue :


US$ 43.2 billion - FY ending 31st December 2019 (Y-O-Y growth of +6.25%)
US$ 40.5 billion - FY ending 31st December 2018

Competitive Analysis of Rio Tinto Group

SWOT
PESTLE
The SWOT analysis for Rio Tinto is presented below in the matrix followed by the detailed analysis
Strengths
Weaknesses
1. Third largest miner in the world with world class and efficient technology
2. Highly diversified company with economies of scale
3. Strong capital discipline and consistent shareholder returns
4. Workforce diversity and strong safety culture
1. Poor mining practices and human rights’ record of Rio Tinto leading to criticism
2. Commodity wise revenue generation not uniform
Opportunities
Threats
1. Aluminum’s demand is slated to rise in future as a substitute to other metals
2. Mine of the Future program with big data analytics to drive productivity
3. Increase in Infrastructure spending can lead to higher demands and opportunities for expansion
1. Weakening demands for iron ore and coal
2. Perception that mining industry being incompatible with sustainable practices
3. ACF’s proposal to implement a statutory Corporate Code of Conduct in Australia
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Rio Tinto Group

Strength

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Weakness

1. Poor mining practices and human rights’ record of Rio Tinto leading to criticism: Poor Mining practices often led to cultural damage, drug and alcohol abuse, HIV/AIDS, forced resettlement, violence etc which broke the traditional bonds within the indigenous communities. In Mozambique in 2010, Rio Tinto faced protests by the people who were resettled due to Rio Tinto’s mining activities. The allegations were that the company did not fulfill the promises it had made to the displaced population. In other places such as Boron in California, Bougainville in Papua New Guinea, and several other places, Rio Tinto is facing accusations of violating promises made to local settlers. Further, the HR practices of Rio Tinto group are not very employee-friendly. For example, the policy of signing individual workers in coal mines takes away their power of collective bargaining and leads to union members joining hands with NGOs to protest against the functioning of the company.

2. Commodity wise revenue generation not uniform: Rio Tinto group depends a lot on the iron ore division for almost one-third of its revenues. As a result it has increased shipments basing the Pilbara expansion. The Pilbara operations when successfully established will generate a production to the tune of 350 million tonnes a year. However, if there is a substantial correction in iron ore prices, the company’s revenues will be affected.

Opportunity

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Threat

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Major Competitors :

  • BHP Billiton
  • Vale
  • Anglo American
SWOT & PESTLE (combined)
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Check Out Analysis of Other Relevant Companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Rio Tinto Group Analysis Report

1. About Rio Tinto company - https://www.riotinto.com/about

2. Rio Tinto Annual Report 2019 - https://www.riotinto.com/invest/reports/annual-report

3. Rio Tinto Sustainability Report 2019 - https://www.riotinto.com/sustainability/sustainability-reporting

4. Rio Tinto latest financial news and performance - https://www.riotinto.com/invest/financial-news-performance/production

5. Rio Tinto Company Profile and News - https://www.bloomberg.com/profile/company/RIO:AU

The detailed complete set of references are available on request in the 'Complete report' on purchase.

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