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Rio Tinto (ASX:RIO) Allowance For Loans And Lease Losses


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What is Rio Tinto Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Rio Tinto (ASX:RIO) Business Description

Industry
Traded in Other Exchanges
Address
Level 43, 120 Collins Street, Melbourne, VIC, AUS, 3000
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.