Jadar Lithium granted trading halt by ASX pending acquisition news
The halt will remain in place until the start of trade on Wednesday or until an announcement is released.
Company
Rio Tinto Ltd
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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FTSE 100 closes in red; Royal Mail delivers share plunge
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
Glencore shares jump as Morgan Stanley upgrades stock to 'overweight'
Morgan Stanley raised its rating on Glencore to ‘overweight’ from ‘equal-weight’ and cut its target price to 390p from 400p
Savannah Resources submits mining lease application in Mozambique as half year loss narrows
The AIM-listed miner said its subsidiary Matilda Minerals had applied for a lease over an area of 119 square kilometres, with a defined mineral resource estimate of 65mln tonnes
Investments and investor services
FTSE 100 closes higher as trade fears ebb; Kingfisher leads the laggards
The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
EasyJet declines following 'sell' rating
A look at some of the biggest risers and fallers in the London market on Tuesday
Bannerman Resources has new substantial shareholder in Tribeca Investment Partners
Sydney-based Tribeca has acquired shares with a total value of $4.5 million in the uranium explorer for an 8.73% stake.
Bannerman Resources buoyed as uranium investors snap up RCF’s substantial stake
Scale of transaction and participation by specialists are strong signals of the health of uranium investor sentiment, says CEO.
Copper price well supported by economic fundamentals and changing technologies, says Arden Partners
Despite some tariff-related headwinds, copper looks set to be the standout metal in the coming few years
JP Morgan thinks London’s miners are looking “cheap” right now, but downgrades Glencore on US probe fears
Analysts at the ‘bulge bracket’ bank expect demand from China to pick up over the coming months, while miners’ valuations look cheap when compared with the same stage of previous cycles
PCI-PAL drops as card payments provider sees sharply widened loss on North America expansion
A look at some of the London market's biggest risers and fallers on Wednesday
Archive
Proactive news snapshot: Motif Bio, Haydale Graphene, Primary Health Properties …
A glance at some of the day's highlights from the Proactive Investors newswire
W Resources appoints former Rio Tinto and Lundin Mining executives to La Parrilla management team
The AIM-listed mining firm has appointed Juan Garcia Valledor and Tomás Bragado to the positions of operations manager and plant manager respectively
FTSE 100 closes in red and at four month-low amid trade worries
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
Rio Tinto's downside risk limited by Chinese property revival
"We don't think this [property] uplift has the foundations of another full upcycle given the weakness in credit growth, but given the July acceleration in Chinese floor space new starts, sales and prices, its difficult to see how bulks dema
Galan Lithium reveals third director share increase this month
The company's core asset is the Salar de Hombre Muerto Lithium Project in Argentina.
Dominant dollar drives all before it as China’s growth falters
US dollar strength is having a wide and varied impact on the global economy
Anglo Pacific acquires stake in Labrador Iron Ore Royalty Corp
LIORC is structured as a passive flow-through entity for a C$0.10 p/t commission on all iron ore products sold by the Iron Ore Company of Canada
Kincora Copper bolsters board as former Rio Tinto Mongolia director becomes chairman
McRae led the construction and start-up of the then US$6bn Oyu Tolgoi copper-gold mine
Rio Tinto sees mammoth US$7.2bn in shareholder returns fail to offset slightly disappointing first-half results
The FTSE 100-listed firm saw its underlying earnings (EBITDA) for the six months to 30 June 2018 increase by just 2% to US$9.2bn, below the consensus estimates for US$9.5bn
Investments and investor services
FTSE 100 closes firmly lower as miners lag and attention turns to BoE rate decision
The Footsie closed Wednesday almost 96 points lower at 7,652.
Archive
Financial sector to hold most attention as Fed rate decision looms
The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
Arctic Star Exploration now has drill targets at Diagras property
Diagras is a joint venture between Arctic Star, which holds 40%, and Margaret Lake Diamonds, which holds 60%
RBC Capital turns negative on Rio Tinto, downgrades rating to ‘underperform’ from ‘sector perform’
The Canadian bank also reduced its target for the FTSE 100-listed miner to 3,400p from 3,900p, with the stock currently changing hands at 4,161.5p, down 2.2%
Rio Tinto’s strong iron ore production offset by more cost warnings
Iron ore shipments rose 14% in the second quarter, ahead of expectations, but Rio has warned that it is operating in an “environment of rising cost inflation”
FTSE 100 closes higher as pound crashes amid Brexit worries
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
Rio Tinto to raise US$3.5bn from sale of its production stake in the world's second-biggest copper mine
The UK-listed miner has a joint venture with US giant Freeport-McMoRan Inc., owner and operator of the Grasberg mine, for a 40% share of its production above specific levels until 2021 and 40% of all production after 2021
FTSE 100 closes Friday in positive territory but loses ground on the week
FTSE 100 closed around 21 points higher on Friday at 7,636, the FTSE 250 added nearly 147 points at 20,830.
Rio Tinto upgraded and South 32 downgraded as HSBC reviews the mining sector
Companies need to move to a more balanced capital allocation approach, make cautious input assumptions and invest in strong market fundamentals. They need to move with the changing world, HSBC said, adding that the risks of not investing in
Investments and investor services
FTSE 100 closes in red for second day this week as Trump trade threats turn real
The market has been seeming complacent on Trump’s tough protectionist rhetoric..until now
Rio Tinto appoints Jakob Stausholm to succeed Chris Lynch as its chief financial officer
The FTSE 100-listed miner said Stausholm will join as an executive director and take over as chief financial officer on 3 September 2018
Deutsche Bank cuts Rio Tinto to ‘hold’ from ‘buy’, thinks medium-term iron ore demand risks will limit re-rating
In a note to clients, the German bank’s analysts said: “The iron ore market faces medium-long term headwinds from peaking demand and rising scrap use in China”
JPMorgan juggles ratings in mining sector review, upgrading Randgold, downgrading KAZ Minerals
The US bank said it has upgraded its stance on Randgold to ‘overweight’ from ‘neutral’ after a 15% share price fall in the year-to-date
Bannerman Resources in heavily oversubscribed raising as institutions build positions
The uranium price has been showing some green shoots in recent weeks.
Arc Minerals shares jump as it appoints former Rio Tinto mining boss as new director
The AIM-listed firm said his primary responsibility will be to lead the development of Zamsort’s commercial-scale demonstration plant processing copper and cobalt
Arctic Star Exploration reveals exploration start at Diagras joint venture in the Northwest Territories
The property is a joint venture. Margaret Lake Diamonds holds a 60% interest and acts as project operator..
Investments and investor services
FTSE 100 closes higher as Wall Street struggles for direction
The UK blue-chip benchmark closed around 11 points higher at 7,334..
Anglo Pacific continues to generate lots of cash from its mining royalty portfolio
During the opening three months of 2018, Anglo Pacific generated £13.3mln in free cash flow, helped by the continued recovery of commodities prices
Hardware & electrical equipment
Alcoa, Apple and Rio Tinto get behind new carbon free smelting process to revolutionise aluminium manufacturing
The new process involves the use of a proprietary material that can be used instead of carbon in smelters
Kincora Copper unveils host of director changes
Jackson has extensive experience as a director and finance chief of numerous publicly traded firms in the mining industry
Investments and investor services
Will BT Group be able to avoid cutting its dividend?
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
Barclays switches horses on mining giants, downgrading Rio Tinto, upgrading BHP Billiton
Barclays analysts said: “Following 40% underperformance vs. RIO over the last 5 years, we believe the stage is now set for BHP to recover at least some of that underperformance over the next 12 months”
BT dividend cut cannot be ruled out, says Morgan Stanley ahead of earnings
BT's new chairman Jan Du Plessis is expected to focus on repairing relations with Ofcom as part of the company's strategy
Investments and investor services
FTSE 100 rises for fifth session a row, buoyed by miners
The FTSE 100 continued higher on Wednesday, extending the week's winning streak.
Rising Treasury yields send a cold wind through markets, but miners remain a hot spot
In the coming switch away from equities, listed miners may fare better than most
FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
FTSE 100 extends gains in the final sessions
Stocks consolidated gains at the death with bid stock Shire the best performing blue-chip
HSBC upgrades Rio Tinto amid spate of valuation changes in mining sector
The London-based bank also upgraded South32 to Buy from Hold while upping its target prices for Anglo American and BHP Billiton
Investments and investor services
FTSE 100 closes firmly higher as metals prices, sterling help
FTSE 100 gained support from higher metals prices and a slide in sterling on Wednesday to close higher
The Marketing Group’s ChannelZero sees creative director return on permanent basis
The media and marketing company said Ben Croft is re-joining the agency after spending three years as senior art director at Studio Woo
FTSE 100 closes higher as Wall Street surges; sterling eases
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
Archive
Wage growth could be trigger point for Bank of England interest rate hike in May
Day ahead includes the latest UK employment and average earnings data, plus trading updates from Primark owner Associated British Foods and fellow retailer JD Sports
FTSE 100 closes below 7,200 as pound firms and crude weakens
The FTSE 100 closed below the 7,200 level as sterling continues to strengthen against the dollar
Archive
FTSE 100 closes modestly higher as Syrian fears recede
After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
FTSE 100 joins global equity rally and ends higher with miners helping
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US
Societe Generale upgrades BHP Billiton to ‘buy’ on copper and nickel exposure
Compared to some of its peers, BHP Billiton has a favourable exposure to copper, nickel and oil, which Societe Generale analysts expect to perform better than bulk products such as coal and iron ore
Royal Mail CEO said to be close to stepping down
Moya Greene has been the CEO of Royal Mail since 2010, after being recruited from the Canadian postal service, and led the group through privatisation in 2013
Exane BNP Paribas cuts Rio Tinto to ‘neutral’ from ‘outperform’ after re-rating, has marginal preference for BHP Billiton
The French bank’s analysts said: "Its cash returns mantra is now well understood and we think the recently announced sale of the coking coal assets (for impressive valuations ahead of market expectations) concludes the most active period fo
Investments and investor services
FTSE 100 finishes lower as mining stocks retreat on Chinese tariff fears
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
Proactive weekly mining news highlights: Stratex International, Connemara Mining Company, Bushveld Minerals ...
This week the mining sector brought news of expansion funding, exploration drilling, and government development grants
Proactive weekly mining news highlights: Amur Minerals Corporation, Hummingbird Resources PLC, Strategic Minerals PLC, Amur Minerals Corporation ...
This week the mining sector brought news of boosted resources, mine acquisitions, and production records
Investments and investor services
FTSE 100 plunges 1.23% to below 7,000 after BoE rate decision
In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
Expanding Down Under: Glencore paying US$1.7bn for more of Rio Tinto's coal operations in Australia
The latest acquisition follows the FTSE 100-listed miner and commodity trader’s purchase of half of Rio Tinto's Hunter Valley coal operations in Australia for US$1.1bn last year in a deal with China's Yancoal Australia Ltd
Raiden Resources surges 62% on signing joint venture with Rio Tinto
The agreement covers Serbian projects that are prospective for copper-gold mineralisation.
Investments and investor services
FTSE 100 can’t hold gains and closes in red as sterling firms
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
S&P/ASX 200 closes down 0.6%, all eyes on the US open tonight
Comments from President Trump last week continue to cause unease across Asia.
S&P/ASX 200 closes down 0.7%, Australian city homes fall for fifth straight month
Home prices across Australia's major cities fell for a fifth straight month in February.
Investments and investor services
Markets nervous ahead of Capita finals, is it ‘the next Carillion’?
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
BHP Billiton extends fall after disappointing first-half results as two heavyweight brokers downgrade
In a note to clients, analysts at Deutsche Bank cut their stance on BHP Billiton to ‘hold’ from ‘buy’, reducing their target price to 1,700p from 1,900p, citing valuation grounds
Investments and investor services
FTSE 100 ends in positive territory, bolstered by miners and weaker pound
The premier UK share index closed up around 24 points at 7,281.
Xanadu Mines steps-up drilling to boost copper-gold bounty in Mongolia
Bid to expand existing resources and test near-surface targets.
Investments and investor services
FTSE 100 makes up some ground to close a tad lower as earnings disappoint
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
Investments and investor services
FTSE 100 closes up, boosted by mining stocks and as pound strengthens against the dollar
The UK's blue-chip index closes up 20.84 points to 7,234.81
Volatility presents trading opportunities in individual metals, as global growth continues
The froth is coming off the top of markets, but how fundamental are these moves?
S&P/ASX 200 closes 53 points down on weak global cues
S&P/ASX 200 opened lower as expected but slowly rallied throughout the day.
Investments and investor services
S&P/ASX 200 opens down but bounces above 5,800
S&P/ASX 200 opened lower as expected but has started to rally.
Rio Tinto declares record dividend and US$1bn buyback as full year profits jump 69%
Iron ore was the biggest contributor to profits, thanks to higher shipments from Rio's Pilbara mine in Australia
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
Archive
Rio Tinto expected to reiterate policy of value over volume
Rio Tinto is expected to carry on returning piles of cash to shareholders but some people think a dividend cut at Glaxo is on the cards
Archive
Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Archive
FTSE 100 closes lower for third day in a row
The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Investments and investor services
Speculators keep GKN shares higher, FTSE 100 miners under fire
A look at some of the top risers and fallers in London today
Rio Tinto reaches 2017 export targets for iron ore after record fourth quarter
Mined copper production fell in 2017 due to a strike at the Escondida mine early in the year
FTSE 100 closes lower as Carillion collapses on Blue Monday
The FTSE 100 closed lower. With no Wall Street session there were fewer trading catalysts to turn the tide.
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
FTSE 100 closes at third successive new high but retailers lag
FTSE 100 closed in London around 14 points higher at 7,762
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
FTSE 100 closes 2017 at fresh record; Wall Street continues to power north
London shares closed at new records as traders now turn attention to 2018
FTSE 100 and FTSE 250 set new record highs on first trading day after Christmas
For the 29th year in the past 34, the blue chips have closed up on the first trading day after Christmas...
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Lionsgold looking forward to “exciting” 2018 after transitional year
Goldbloc – Lionsgold’s digital gold currency – is set for roll out in the second quarter of 2018, while progress is also eyed at its Jonnagiri gold project in India
Proactive mining highlights: Wishbone Gold, Rainbow Rare Earths, Kingsgate Consolidated, Danakali, Thor Mining and others
A number of retail investor favourites had news this past week.
Savannah Resources consortium commissions pilot plant at Mutamba
The plant will be used to produce concentrates as part of a pre-feasibility study for Mutamba