Rio Tinto ADR

RIO

Rio Tinto Group is an Anglo-Australian multinational and the world's second largest metals and mining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. Since then, the company has grown through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly for refining bauxite and iron ore. Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" – Australia).Rio Tinto is a dual-listed company traded on both the London Stock Exchange, where it is a component of the FTSE 100 Index, and the Australian Securities Exchange, where it is a component of the S&P/ASX 200 index. Additionally, American Depositary Shares of Rio Tinto's British branch are traded on the New York Stock Exchange, giving it listings on a total of 3 major stock exchanges. Rio Tinto was responsible for 0.75% of global industrial greenhouse gas emissions from 1988 to 2015.

Rio Tinto ADR has been a target of short sellers for a while. The current short interest of 0.80% is roughly at the average of the last 12 months (0.91%).