RIO TINTO PLC (RIO)

RIO TINTO PLC (RIO)

Blog posts

Victoria and Downing One VCT Annual Reports, and Rio Tinto Mea Culpa

With it being all quiet on the financial front, with a lot of people on holiday, I had the time to read a couple of Annual Reports over the weekend. First came Victoria (VCP), a producer of flooring products (carpets and tiles) in which I have a relatively small holding. Chairman Geoff Wilding always has some interesting things to say and their Annual Report is an exemplary model of shareholder enlightenment. He commences with this statement: “There is an old Yiddish adage ...

Market Trends, Big Miners and Will the Music Stop?

Stock markets continue to rise. They seem to be ignoring the bad company results that are going to come out in the next few months. Although there are signs that the Covid-19 epidemic is weakening, some sectors such as hospitality are going to be in lock-down for some time. The economy is clearly going into recession with many employees being laid off. The lack of consumer spending, not just because some people have less money to spend, but because others are ...

Rio Tinto and Climate Change: Not just an NGO issue

For the AGM of Rio Tinto Ltd in Australia in May, a shareholder resolution has been tabled to: request that the company, in subsequent annual reporting, disclose short, medium...

Exchange Market Size in Stockopedia and BHP plus RIO

I noticed that the share prices of BHP Group (BHP) and Rio Tinto (RIO) jumped this morning – at least for these behemoths of the FTSE-100 they moved substantially...

AGM Reports

Rio Tinto (RIO) AGM Report 2013

I attended the Rio Tinto AGM on 18/4/13. There was no problem registering ahead of the 11 am start, and I voted as my proxy appointer requested. I left at 1.30 pm as I had another meeting to go to and it was still going on; I suspect it was going on for most of the afternoon as there were so many questions from the floor – mostly complaints about the losses, increase in Director remuneration, the acquisition of Alcan (and ...

Corporate Remuneration Reports

Rio Tinto Remuneration Report 2016

Attached is the Manifest Report. Manifest Executive Remuneration Assessment grade 'E’ (on scale A =good to F=awful). Manifest comment There are no changes of note to remuneration proposed. Remuneration policy fails to establish a strong link between remuneration and Company KPIs. There is potential for excessive incentive remuneration to be awarded to executive directors. CEO pension may be based upon incentive remuneration. Potential for accelerated vesting of equity awards. Bonus awards could be deemed excessive considering the Company made a loss. There are ...