Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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The blue-chip firm said its iron ore business is currently experiencing mine operational challenges, particularly in the Greater Brockman hub in the Pilbara
Xanadu is in a prime position in southern Mongolia and boasts one of Asia’s largest undeveloped copper deposits, Kharmagtai, topped off by significant gold credits.
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Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Investments and investor services
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
The Zamora Projects provide high-quality early-stage gold exploration prospects close to Lundin Gold's Fruta del Norte.
Investments and investor services
The Dow Jones suffered a 300 point fall in the first half hour of trading
Salazar's exploration efforts are supported by a consistent income stream
Wall's two-decade career began with mining titan Rio Tinto
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The Sydney CEO Session is on Monday, May 13, and the Melbourne session is Tuesday, May 14.
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Higher earnings from blue-chip firms such as Lloyds and HSBC helped send overall profits for the UK's largest firms 11% higher in the first quarter, while the rest of the corporates saw theirs tumble 18%
The Dubai royal-chaired company has a plant near Munni Munni that could process material.
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.
Investments and investor services
Copper market fundamentals add to the potential economic viability of the Kharmagtai project.
The junior resource group owns 100% of its flagship Timantti project (which means diamond in Finnish)
Investments and investor services
The Sydney CEO Session is on Monday, May 13, and the Melbourne session is Tuesday, May 14.
The iron ore price remains high, following Vale's tailings dam disaster
The FTSE 100-listed firm lowered its 2019 iron ore production forecast to 265mln-270mln tonnes, down from the 273mln-283mln tonnes expected previously
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On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
The Anglo-Australian miner reduced its annual iron ore shipments estimate to a range of 333mln to 343mln, down from a previously reduced range of 338mln to 350mln tonnes
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The premier UK share index finished around 33 points higher at 7,469
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Aside from the UK data, investors will have trading updates from bluechip miner Rio Tinto, mid-cap staffing group Hays, and trackies to trainers retailer JD Sports Fashion to digest
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There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
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"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
The US Government has classed lithium as a critical mineral as it aims to reduce reliance on China.
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
The news comes a day after Rio Tinto revealed the extent of the damage on production that the storm had caused
The FTSE 100-listed firm said annual Pilbara shipments are now expected to be at the lower end of its previous guidance of between 338mln to 350mln tonnes
If shareholders agree, the natural resources fund may take over a lion’s share of VRM this quarter then delist the entity.
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Footsie closed at 7,279, up nearly 45 points on the day
The project is a joint venture with operator Margaret Lake Diamonds Inc, which has a 60% stake
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The UK blue-chip index finished down nearly 33 points lower at 7,291
Gold is the perennial safe haven, and copper is the economic bellwether, but what about the others?
Armada surrounds Greatland and Newcrest’s project at three sides.
The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others
Investments and investor services
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
SocGen’s analysts said: “While sentiment towards the sector remains positive, it is uncertain how long this will last given mixed macroeconomic data and relatively subdued commodity price momentum”
"Brutal cuts from the ECB as GDP growth for 2019 is cut from 1.7% to 1.1%. With this in mind, it seems like any possible interest rate raises are all but completely ruled out until likely 2021," declared Jordan Hiscott, the chief trader at
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Results from Aviva, Admiral, Greggs and Premier Oil are all in the diary for Thursday.
The Vale tragedy has pushed iron ore prices up, but UBS expects producers outside of Brazil to pick up the slack over the coming months
The company is now chaired by Dubai royal, His Highness Sheikh Maktoum Hasher al Maktoum, a Commercial Bank of Dubai board member.
Is the US opening a new front in the struggle for global influence with China?
Bank of America lowered its rating on the stock to ‘underperform’ from ‘neutral’ and cut its target price to 4,150p from 4,770p
Further evaluation of the Ombepo prospect is warranted after extensive and continuous uranium mineralisation was confirmed.
Neighbour Rio Tinto unveiled a copper-gold discovery in the region yesterday, further away from Port Hedland.
Shareholder income is evidently being prioritised amid weaker pricing for key metals and as Chinese demand slows
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
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Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
Potential offtake partners may have electric-vehicle market demand in mind.
Iron ore prices have been on a tear, but will there be any trickle-down to the junior sector?
The US investment bank upped Rio to 'buy' from 'neutral' and lifted its price target to 5,000p from 4,100p, with the shares currently trading at 4,302.50p, up 0.4% on Monday’s close
JP Morgan downgraded BHP Billiton to ‘underweight’ from ‘equal weight’
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The UK's premier share index added nearly 14 points to close at 7,034
Following the Feijao dam disaster, Vale announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum of production capacity over a three-year period
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The UK index of leading shares finished over 107 points ahead at 6,941, while the FTSE 250 also closed strongly
Iron ore production was supported by investments in productivity improvements, minimal weather disruptions and the ramp-up of expanded mine sites
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FTSE 100 closed out higher, advancing over 133 points to close at 6,968 on the day
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From the slew of retailer updates so far, December looks to have been mixed, although a lot have complained about increased promotional activity during the month
Ramp-up to full underground production is on schedule and concentrate is being trucked to the Wyndham port.
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Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
The company is awaiting assay data which is expected in January 2019.
Deutsche Bank expects BHP Billiton's earnings and cash flows to weaken in 2019
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Sustained demand growth and forecast supply cuts have not yet translated into higher copper prices as the Chinese economy slows.
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Fundamentals underlying the global fertiliser business remain robust
The company hopes to start construction at the $1.7 billion Fort Cady Boron Project in the December 2019 quarter.
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
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At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Savannah Resources sees potential to increase the current mineral resource estimate of the Mina do Barroso project
Most gold is found in such small traces that assays have to be sent to a lab for the presence of any of the precious metal to be confirmed, so to see it in the cores is always a good sign
The project is in the same region in which Rio Tinto has pegged large areas of exploration ground.
The company is successfully advancing its exciting Pastos Grandes project towards production
Rio Tinto has been getting rid of non-core assets, having earlier this year disposed of its holdings in coal mines in Australia and Indonesia
The Sirius potash project will be the biggest mining project in the UK if it works
The mining scene in Western Australia is buzzing with talk about Havieron
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The projects are within the Albany Fraser Belt and follow exploration applications in the Paterson province.
In a note to clients, analysts said that indicators for the iron ore market were currently “looking shaky” as margins for steel were dropping along with declines in mill profitability
Bannerman boss Brandon Munro expressed optimism towards price recovery as the uranium developer advances its Etango project in Namibia.
Surface mineralisation has been identified at the two target areas in Namibia.
The original heads of terms were signed in October 2016
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
Increased mined copper production largely reflects production at Rio's Kennecott operation due to higher grades
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Britain's blue-chip benchmark finished up around 31 points at 7,029
Diagras is a contributing joint venture between Arctic Star Exploration (40%) and Margaret Lake (60%)
Rio's funding commitment for both projects forms part of the company's existing replacement capital guidance of around US$2.7bn from 2018 to 2020
