Rio Tinto Overview (Background)Rio Tinto is a leading international mining group headquartered in the United Kingdom (UK), comprising Rio Tinto plc , a London-listed company, and Rio Tinto Limited. , which is listed on the Australian Securities Exchange. These two companies were founded in 1873 and 1903 respectively. The original Rio Tinto company was created by a group of investors, including Matheson & Co. and Duetsches Bank, who together purchased the Rio Tinto mine from the Spanish government for 3, $7 million in the early 1870s. By the late 1880s, Rio Tinto was known as the world's leading producer of copper. In 1963, the Rio Tinto Company merged with Consolidated Zinc Corporation to form RTZ (originally Conzinc Rio Tinto-Zinc Corporation) and the Australian subsidiary CRA (originally Conzinc Rio Tinto). of Australian Limited). This allowed Rio Tinto to grow significantly and expand widely. Between 1962 and 1968, the two groups discovered and began to exploit numerous mines. These mines produced products such as aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borates, titanium dioxide, salt, talc), and iron core. being located on six continents. Continents such as Europe, South America, Asia, Southern Africa, Australia and North America. The group also acquired the Rossing uranium mine, the Bongaville copper mine and small companies. Such growth has helped the company become the largest in its industry, with revenue growth of more than $14.7 million during the fiscal year. Even after 130 years, Rio Tinto is still the second largest mining company in the world, producing 10 tonnes of copper, zinc and 7.5 tonnes of other minerals.S...... middle of paper.... ..e public stock exchange, then join forces to start opening other mines around the world. Mines producing coal, uranium, diamonds, gold, copper and zinc. Throughout the years of its growth, Rio Tinto has maintained a good reputation with authorities and governments. . He has mainly invested in companies specializing in innovation and technology. This innovation and technology is expected to improve the productivity as well as communication of underground miners. Rio Tinto is not alone in seeking to make profits without involving other stakeholders (communities). He introduced a program that should benefit the communities around his mines. The project is called Working with Our Neighbors.