The Rio Tinto Ltd (ASX: RIO) share price has risen in recent months, as the chart below shows. Despite the rise, analysts still think the ASX mining share is a good buy.

Rio Tinto is one of the most diversified miners in the world, with exposure to commodities such as iron ore, aluminium, copper, and other key resources.

Fund managers from listed investment company (LIC) WAM Leaders Ltd (ASX: WLE) are optimistic on the company. WAM Leaders aims to actively invest in high-quality Australian companies, with a focus on businesses listed within the S&P/ASX 200 Index (ASX: XJO).

The five businesses that WAM Leaders has the largest allocation to, compared to their size in the ASX share market, are Rio Tinto, Orora…