RIO TINTO MINING AND EXPLORATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-01 (in 2mo)
Last made up 2025-06-17
Watchouts
None on the register
Cash
£6M
USD 8,215,000
+93.3% vs 2023
Net assets
£47M
USD 62,535,000
-46.8% vs 2023
Employees
101
-1.9% vs 2023
Profit before tax
-£64M
USD -86,166,000
-58.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£40,537,490 | -£64,413,546 | |
| Net profit | -£40,972,565 | -£64,767,138 | |
| Cash | £3,176,347 | £6,141,138 | |
| Total assets less current liabilities | £89,576,886 | £48,376,318 | |
| Net assets | £87,899,380 | £46,748,150 | |
| Equity | £87,899,380 | £46,748,150 | |
| Average employees | 103 | 101 | |
| Wages | £12,123,047 | £13,827,465 | |
| Directors' remuneration | £1,131,793 | £1,134,784 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+93.3%
£3,176,347 £6,141,138
-
Net assets
-46.8%
£87,899,380 £46,748,150
-
Employees
-1.9%
103 101
-
Profit before tax
-58.9%
-£40,537,490 -£64,413,546
-
Wages
+14.1%
£12,123,047 £13,827,465
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 8.7% | 41.2% | |
| Current ratio | 10.30x | 1.38x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- RIO TINTO MINING AND EXPLORATION LIMITED 1997-06-25 → present
- RTZ MINING AND EXPLORATION LIMITED 1988-10-14 → 1997-06-25
- DELABOLE SLATE LIMITED 1981-12-31 → 1988-10-14
- PERSKIP LIMITED 1977-03-30 → 1981-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have determined that there are no foreseeable circumstances which would indicate that the Company could not continue to operate as a going concern for at least twelve months from the issuance of the financial statements.”
Group structure
- RIO TINTO MINING AND EXPLORATION LIMITED · parent
- Rio Tinto Exploration Kazakhstan LLP 100%
- Rio Tinto Exploration Zambia Limited 100%
- Rio Tinto Mining and Exploration S.A.C. 100%
- Solwezi Metals Exploration Limited 100%
- Sovereign Metals Limited 19.9%
Significant events
- “In May 2025, RTME has sent a notice to exercise it's 1st option to MCC Mining Corporation ("MCC"). The formation and structure of new entity "ACO Colombia S.A.S" is still in process.”
- “In July 2025, the Company issued 100,000,000 ordinary shares of US$1 each to its parent undertaking RTM Ltd and the resulting funds are kept as deposit with RTM Ltd, to be drawn as and when required.”
- “In July 2025, management issued notice to Zirco Group not to exercise the Stage 2 option. RTME continues to assess its options with regards to existing shares (15% acquired via Stage 1 option) in Zirco Australia.”
- “In July 2025, capital funding of $3,670,000 has been made to Rio Tinto Exploration Kazakhstan LLP ("RTEK") by RTME.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RIO TINTO SECRETARIAT LIMITED | Corporate Secretary | 2017-05-05 | — | — |
| BESWICK, Jonathan Guy | Director | 2013-11-05 | Feb 1967 | British |
| BRACKNER, Daniel Linton | Director | 2018-12-21 | Nov 1971 | American |
| BRION, Arnaud Jean-François Christophe | Director | 2012-09-17 | Sep 1969 | French |
| TAINTON, Kenneth Melbourne, Dr | Director | 2010-01-01 | May 1966 | British |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDRIDGE, Gemma Jane Constance | Secretary | 2010-04-01 | 2014-12-12 |
| BELL, Keith Charles | Secretary | 1998-01-31 | 1998-02-18 |
| DAY, Helen Christine | Secretary | 2014-12-12 | 2017-05-05 |
| DOWDING, Roger Peter | Secretary | 1998-02-18 | 2010-03-31 |
| LLOYD-DAVIS, Glynne Christian | Secretary | — | 1998-01-30 |
| ALBANESE, Thomas | Director | 2004-09-10 | 2007-04-30 |
| ALBANESE, Thomas | Director | 1995-07-31 | 1998-03-16 |
| ALGAR, Clive Alfred | Director | 1995-10-19 | 1997-12-12 |
| ANDREWS, Stephen John, Doctor | Director | 2001-10-19 | 2003-01-28 |
| BAILEY, Donald Charles | Director | — | 1993-06-06 |
| BAVIN, Julian Richard Frank | Director | 1998-03-16 | 2009-10-30 |
| BUTTON, Thomas David | Director | — | 1996-09-30 |
| COLLIER, John | Director | — | 1997-06-20 |
| DAVIES, Michael John | Director | — | 1997-12-30 |
| DE SILVA, Ashley Beverley Cyril | Director | — | 1995-06-06 |
| ELDER, Thomas Gee | Director | — | 1995-07-31 |
| FINLAYSON, Eric John | Director | 2007-04-01 | 2008-12-31 |
| FINLAYSON, Eric John | Director | 2000-02-16 | 2001-10-19 |
| FOX, Kevin Patrick | Director | 2009-10-30 | 2014-12-08 |
| GOLDBERG, Gary John | Director | 1996-09-20 | 1998-08-26 |
| HARRIS, Michael Oates, Dr | Director | — | 2004-12-31 |
| HODGKINSON, Gary Keith | Director | 2013-11-01 | 2019-12-05 |
| JOPLING, Stephen John | Director | — | 2005-12-31 |
| KLINGNER, Geoffrey David, Dr | Director | 1997-11-06 | 2004-06-30 |
| LAWTON, Charles Henry Huntley | Director | 1994-06-27 | 2008-04-25 |
| LEDLIE, Ian Mcmaster | Director | 2003-01-28 | 2008-12-31 |
| LENON, Christopher | Director | 1993-12-22 | 2008-12-08 |
| LIGHTERNESS, Thomas John | Director | — | 1993-12-15 |
| LOADER, Stefanie Eva | Director | 2007-01-01 | 2008-05-31 |
| LUSH, Paul Jeffrey | Director | — | 1996-10-16 |
| MACLEAN, John Kennedy | Director | — | 1993-10-11 |
| MCINTOSH, Stephen | Director | 2005-04-01 | 2008-12-31 |
| MCLAURIN, Alexander Neil | Director | — | 2004-12-31 |
| MOODY, Timothy Charles | Director | 2005-01-01 | 2009-12-31 |
| MORRISSEY, Christopher John, Dr | Director | — | 1997-12-30 |
| MURCHISON, Mark Edward | Director | 2008-06-01 | 2011-05-09 |
| PATTON, Thomas Charles | Director | 1996-05-15 | 1997-12-30 |
| QUELLMANN, Ulf | Director | 2008-04-25 | 2013-11-05 |
| RANDOLPH, Marcus Philip | Director | 1993-10-11 | 1996-03-27 |
| RATNAGE, Ian Clay | Director | 1993-12-15 | 2008-04-25 |
| SULLIVAN, Shane Anthony | Director | 2011-09-08 | 2018-12-21 |
| TAYLOR, Robert Spencer, Dr | Director | — | 1997-10-01 |
| WELTON, Christopher Michael | Director | 2011-01-28 | 2013-12-15 |
| WELTON, Christopher Michael | Director | 2008-06-01 | 2009-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rio Tinto Metals Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 263 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | RP04SH01 | change-of-name | Legacy | |
| 2025-08-28 | SH01 | capital | Capital allotment shares | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-13 | RP04SH01 | change-of-name | Legacy | |
| 2024-06-05 | RP04SH01 | change-of-name | Legacy | |
| 2024-05-29 | SH01 | capital | Capital allotment shares | |
| 2024-05-22 | SH01 | capital | Capital allotment shares | |
| 2024-01-09 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-01-08 | AA | accounts | Accounts with accounts type full | |
| 2023-11-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-20 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-05 | AA | accounts | Accounts with accounts type full | |
| 2021-09-20 | SH01 | capital | Capital allotment shares | |
| 2021-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.