Rio Tinto Group SWOT and PESTLE Analysis

Rio Tinto Group is a British-Australian MNC in the field of metals and mining with 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 production of iron ore, bauxite, coal, alumina, aluminum, 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 smart phones, copper for wind turbines, diamonds, titanium for household commodities, and borates for crops that feed the world. The company has its footholds in 36 countries, with 60 Operations & Projects, 37,000 Suppliers, 46,007 Employees, and nearly 2,000 Customers. In June 2022, Nano One® Materials Corp. and Rio Tinto entered into a strategic partnership that will provide iron and lithium products, collaborate, and invest US$10 million into Nano One. A cleaner and more effective battery supply chain for the North American and international markets will result from this partnership and funding, which will hasten Nano One's multi-cathode (multi-CAM) commercialization strategy.

The USP or Unique Selling proposition of Rio Tinto sprawls in being the world's second largest metals and mining corporation, after BHP. 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.” Rio Tinto’s vision is “To provide Rio Tinto Group companies with competitive advantage by collaborating with business units to reduce their Total Cost of Ownership (TCO) in procured goods and services.”