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
+93.3% vs 2023
Net assets
£46M
-46.8% vs 2023
Employees
101
-1.9% vs 2023
Profit before tax
-£64M
-58.9% vs 2023
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
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 | -£40,197,924 | -£63,873,981 | |
| Net profit | -£40,629,355 | -£64,224,611 | |
| Cash | £3,149,741 | £6,089,696 | |
| Total assets less current liabilities | £88,826,538 | £47,971,090 | |
| Net assets | £87,163,084 | £46,356,560 | |
| Equity | £87,163,084 | £46,356,560 | |
| Average employees | 103 | 101 | |
| Wages | £12,021,497 | £13,711,638 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. 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 |
Margins divide P&L lines by turnover. 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.
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+93.3%
£3,149,741 £6,089,696
-
Net assets
-46.8%
£87,163,084 £46,356,560
-
Employees
-1.9%
103 101
-
Profit before tax
-58.9%
-£40,197,924 -£63,873,981
-
Wages
+14.1%
£12,021,497 £13,711,638
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