This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rio Tinto's CEO Discusses Interim 2012 Results - Earnings Call Transcript

Rio Tinto plc (RIO)

Interim 2012 Earnings Call

August 08, 2012 12:00 pm ET

Executives

Tom Albanese - CEO

Guy Elliott - CFO

Analysts

Lyndon Fagan - JPMorgan

Paul Young - Deutsche Bank

Paul McTaggart - Credit Suisse

Heath Jansen - Citigroup

Jason Fairclough - Bank of America

Rob Clifford - Deutsche Bank

James Gurry - Credit Suisse

Abhi Shukla - Société Générale

Presentation

Tom Albanese

Good morning everyone and welcome to the webcast of our 2012 interim results with our CFO Guy Elliott in London. First I know many of you would rather be watching the broadcast of the Olympics than a webcast with me here in London.

In London the excitement of the Games are sweeping the city and I'm very proud of the medals and the medals that come from Rio Tinto. Tonight for example we are hosting a welcome dinner for a group of Rio Tinto employees from around the world who have shown outstanding efforts and work in their communities. Their rewards are a series of events at the Games and I'm sure the last few days will be just thrilling as what we've seen so far.

Of course talking to international audience I'm aware that some countries are doing better than others when it comes to the medal table. So maybe I better just stop there. I do look forward to visiting Australia next week and talking to our investors in Australia.

So let's start as usual with safety. We have seen a continued improvement in our safety record but I deeply regret there was a fatality earlier in this year in one of our managed operations. This was a terrible tragedy. As I said to all of you before, we will not be satisfied until workplace is injury free across the group. We have a strong safety culture throughout our businesses and making it even stronger is my priority, for my executive team and for our senior leaders.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs