Rio Tinto (ASX:RIO) has announced that as of today it has commenced a $1.925 billion on-market buy-back of Rio Tinto shares, to be completed no later than 31 December 2018.
The mining giant has also successfully completed its $1.5 billion buy-back of Rio Tinto shares.
The buy-back consisted of the $500 million buy-back program announced in February 2017, and the $1 billion program made public in August 2017.
Chief Executive J-S Jacques said the buy-backs demonstrate the continued commitment from the business to deliver superior returns to shareholders.
Rio Tinto (ASX:RIO) was trading around 0.31 % lower this morning at $74.05.