Question

Describe how Rio Tinto is a main competitor of BHP.

Answer 1

Rio Tinto and BHP Bilton acts as major competitor with ranks in top 5 amongst all natural resources providers following by companies like Vale and Vedanta Resources Plc.

BHP Market capitalization stands at 59 billion pounds while that of Rio Tinto stands at 48 billion pounds.

Both have total combined global market share of 53 percent.

BHp gets listed on NYSE, FTSE100, LSE, ASX and manufacturing Coal, Potash, Petroleum, Copper and Iron Ore.

Similarly Rio Tinto listed on ASX, LSE, NYSE, FTSE100 and manufacturing Iron Ore, Bauxite, Aluminium, Copper, Gold, Titanium, Uranium, Coal and Molybdenum as key base metals making it ubiquitously present across the Globe.

Hence due to high market share and presence in over 35 countries both act as major competitor by size and geographical area.

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