So Rio Tinto SOLD THEIR COAL $3.7 billion, now reason for threat to close down cost of coal? Rio tinto divestment out of coal assume it expected Govts the Taxpayer TO PAY Billions to Keep the company & Jobs essential for OUR NATIONS economy Local & State?
TIME TO END THE SUBSIDIZING THE PROFITABLE COMPANIES this is not a stand alone company. Rio Tinto has a global company
GOVT RECEIVE PART OWNERSHIP the public private they like to push TIME TO apply
@PressClubAust @abcnews @ABCmediawatch @AustralianLabor @NSWLabor @LiberalAus @The_Nationals @AlboMP @AngusTaylorMP
Rio Tinto's total assets are valued at approximately $128.102 billion as of 2025, and the company reported a net income of $10.249 billion for the same year, indicating strong profitability.
Overview of Rio Tinto's Assets and Profitability
Total Assets
As of 2025, Rio Tinto's total assets are valued at approximately $128.102 billion. This substantial asset base reflects the company's extensive operations and investments in the mining sector.
Profitability Metrics
Rio Tinto reported a net income of $10.249 billion for the year 2025. This figure indicates strong profitability, showcasing the company's ability to generate significant earnings from its operations.
Key Financial Highlights
Financial Metric Value (2025)
Total Assets$128.102 billion Net Income$10.249 billion
These figures highlight Rio Tinto's robust financial position and its effectiveness in managing its resources to achieve profitability in the competitive mining industry.
Government subsidies can significantly enhance the financial performance of mining companies like Rio Tinto by allowing them to
extract minerals from federal lands without paying for them,
which can lead to substantial profits.
For instance, the mining industry is estimated to receive about one billion dollars worth of minerals annually from federal lands without any cost to taxpayers???????
QU: MSM Press value of their is it shallow coverage?
@unionsnsw @ChrisMinnsMP @NSWLabor @alpsa @PMalinauskasMP TIME NATIONs GOVTS RETURNED TO BUILDING nations Portfolio of Valuable Assests infrastructure & services they sold off. Investment to REBUILD our manufacture base BUT Govts need to ensure we the people OWN shares power influence for the money paid & not just pay to keep jobs.