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Proactive news snapshot: Advanced Oncotherapy, Wishbone Gold, Brave Bison Group ….
A glance at some of the day's highlights from the Proactive Investors newswire
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.
1018 stories · page 6 of 11
Investments and investor services
FTSE 100 closes in red as market awaits US jobs report
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
Investments and investor services
FTSE 100 closes in red as big miners weigh
FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
Rio Tinto appoints new chairman as it announces new free cash flow targets
Rio Tinto is targeting US$1.5bn of annual additional free cash flow from 2021
FTSE 100 closes higher; miners lag and Brexit wranglings continue
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
Asiamet appoints mining veteran as new chief financial officer
Most recently James Deo was a consultant to Newcrest Mining, while he has also held senior position in mining giants BHP Billiton and Rio Tinto
Lionsgold going for gold in India
What makes Lionsgold more than "just another gold mine developer" is its partnership with TRAC, which has developed a trading platform that allows investors to acquire and store physical gold and silver rather than buying into exchange trad
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Proactive weekly mining news highlights - Caledonia Mining Corporation, IronRidge Resources, Chaarat Gold Holdings and more
A look at some news highlights from the small-cap mining sector this week
Rio Tinto upgraded to 'buy' by SocGen on stronger commodity price outlook
The price target has been lifted to 4,400p from 3,600p on the back of the French broker’s “more constructive” stance on iron ore
Black Iron shares surge as it hires experienced iron ore marketer
He will use his extensive contacts among steel mills and trading houses to garner interest ..
Lionsgold welcomes former Rio Tinto luminary Alan Davies as global strategy consultant
Cameron Parry, Lionsgold's CEO, said Davies would contribute at a strategic level as the company endeavours to maximise its current interests in India - a country Davies knows well
Baker Steel allows investors access to a mining world normally open only to private equity
The mining market is coming alive again and Baker Steel offers a unique way in
FTSE 100 closes higher as sterling weakens against US dollar; Barclays plunges
The UK blue chip index closed down over 39 points at 7.486.
Rio Tinto hit with FCA fine over financial reporting process for Mozambique purchase; US, Australian regulators also investigating
The Financial Conduct Authority said Rio Tinto misled investors by failing to carry out an impairment test that would have resulted in a material impairment being made to its 2012 half-year result
FTSE 100 closing in on record high; Pearson top riser
FTSE 100 closed at 7,542, below last Thursday’s closing high of 7,556.24 while the Dow soared above the 23,000 level today
Cashed-up Kincora Copper now raring to dish up major discoveries in Mongolia
With heavyweight supporters, the best ground in country and new cash in the bank, Kincora looks very well positioned
Rio Tinto cuts full year copper production guidance after third quarter decline
Rio Tinto reported a 3% drop in third quarter copper production
Koovs jumps on partnership deal with online clothing retailer N Brown
A look at some of the biggest risers and fallers today in London
FTSE 100 closes in negative territory despite resource stock gains
The UK blue chip index closed at 7,526, well below the session peak of 7,557.00 and close to the day’s low of 7,531.48
Aldermore Group jumps as South Africa's FirstRand Ltd confirms its £1.08bn bid
A look at some of the biggest risers and fallers today in London
FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
MGX Minerals names mining executive as new vice-president of operations
Graham has over 20 years' international experience exploring and developing mineral deposits
Glencore aided by Deutsche Bank upgrade, but Anglo American PLC sees reverse move
The German bank’s analysts hiked their stance on the FTSE 100-listed firm to ‘buy’ from ‘hold’, while upping their target price to 420p from 300p
Rio Tinto boosts share buyback programme by US$2.5bn, returning proceeds from Coal & Allied disposal
The additional commitment means the global miner has announced share buybacks totalling US$4.00bn in 2017 alone, following previous announcements in August and February this year
Glencore downgraded by UBS, which sees better return potential elsewhere
UBS downgrades the stock to 'neutral' from 'buy' but lifts the target by 20p
FTSE 100 wilts as sterling's rally continues
The FTSE 100 fell 80 points to 7,215 on a good day for the sterling
FTSE 100 trims losses
The FTSE 100 retreated as investors worry about Hurricane Irma, while mixed economic statistics raised fresh concerns over the UK economy.
South East Asia Resources to acquire lithium projects in Serbia
Serbia is the only known source of jadarite, a new lithium-borate bearing mineral.
American Pacific Borate & Lithium commences drilling in Southern California
The company’s focus is to confirm the historical borate resource at the project.
Savannah Resources says phase one of its pre-feasibility study on Mozambique project is now underway
Completion of the ‘pre-feas’ will represent a major milestone for Savannah as it will earn a 35% stake in the Mutamba Consortium
Investments and investor services
FTSE 100 pares losses to close modestly lower
The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
Rio Tinto downgraded to 'outperform' by Royal Bank of Canada
The 4,200p target price has been left unchanged; the shares currently trade at around 3,383p
FTSE 100 stays weak, but off lows as US stocks rally
At 3.15pm, the UK benchmark index was down 64 points at 7,325, above the session low of 7,296.49 but still set for its worst week in nine months having dropped nearly 250 points in the last three sessions of the week
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
FTSE 100 closes at 7,531 as new highs come in to view
The FTSE 100 index closed up 20.23 at 7,531, below the session peak of 7,533.74 and well above the day’s low of 7,511.71
Rio Tinto more than doubles dividend, launches US$1bn share buy-back as profits jump
The FTSE 100-listed miner reported pretax profit of US$4.96bn for the six months to June 30, up from US$2.10bn a year earlier
FTSE 100 closes in the red as UK construction data disappoints
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
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William Hill looking to upset the odds
It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
FTSE 100 manages to hold onto gains; Severn Trent top gainer
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
US central bank back to cautious old self amid Trump fury
If the pickup in the US economy doesn’t work for Donald Trump gold will be the winner
BHP Billiton downgraded by Citi as activist Elliott wades in again
Elliott has slammed the plan for a new potash mine in Canada
Investments and investor services
FTSE 100 finishes over 40 points ahead with housebuilders in support
The blue chip index closed up 40.69 at 7,430 on the day
Rio Tinto cuts its forecasts for iron ore shipments due to bad weather, rail line modernisation work
In its latest operational update, the FTSE 100-listed company said its iron ore shipments were expected to be 330mln tonnes, down from an earlier range of 330mln to 340mln tonnes
Investments and investor services
FTSE 100 closes lower after up and down day
FTSE 100 had a bumpy ride on the day and closed almost 14 points down at 7,390...
Archive
Royal Mail to deliver latest trading update; UK inflation numbers the key focus
Day ahead: Updates from Royal Mail, Rio Tinto; UK June inflation numbers ...
Bullish updates give a boost to resource minnows President Energy and Empryean Energy
A look at some of the biggest risers and fallers among London-listed small cap stocks
Investments and investor services
FTSE 100 closes higher with miners in support, but FTSE 250 lower
The UK blue chip index closed up 64 at 7,377 on Monday with miners higher
Rio Tinto confirms Yancoal as preferred buyer for its Australian coal business after topping bid from Glencore
Rio said Yancol’s revised offer comprises US$2.45bn in, cash payable in full on completion, as well as US$240mln via unconditional guaranteed royalty payments
Glencore hikes offer for Rio Tinto’s Australian coal business, trumping agreed Yancoal bid
Glencore said it is offering US$2.675bn in cash, plus a coal price linked royalty for Rio’s Coal & Allied subsidiary, an increase on its US$2.55bn offer made earlier this month
Global coal demand slumps by 6% last year, shows latest BP energy review
It comes as users and countries increasingly turn to greener fuels
Glencore and Yancoal in bidding war for Rio Tinto's Australian coal mines
Glencore said a deal to buy Rio Tinto's Australian coal mines would "unlock large-scale mining and operating synergies".
Former Rio Tinto uranium man joins Berkeley Energia
The uranium experience that new director Nigel Jones will bring to Berkeley Energia is likely to prove invaluable
FTSE 100 closes lower as election worries dent sentiment
The FTSE 100 closed down 6.56, or 0.09% to 7,519...
FTSE 100 trades sideways as big oilers dented by OPEC decision
FTSE 100 closed at 7,517 - up 2.81. points, or 0.04% and failed to make a record close
Investments and investor services
FTSE 100 closes higher as traders await Fed minutes
The FTSE 100 index closed up 29.61 at 7,514 with easyJet the biggest gainer
Rio Tinto shares gain as Barclays and UBS welcome shareholder cash returns
Rio Tinto's boss Jean Sebastien Jacques has said its stronger financial position allows the mining group to maintain a "balanced allocation between capital expenditure, debt reduction and shareholder return"
Footsie ends the week in profit as US stocks extend rally
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
BP ticks higher as shareholders back CEO's reduced pay at AGM
A look at some of the biggest London-listed risers and fallers today
FTSE 100 firm but off highs as New York makes dull early progress
With around an hour and a half of trading to go in London, the FTSE 100 was up about 11 points at 7,308, holding off the day’s peak of 7,322
BHP Billiton cuts guidance for copper, coal production, says progressing sale of two US petroleum fields
The moves come with the group under pressure from activist shareholder Elliott Management to decouple the US petroleum division from the company
Archive
BHP in need of response after activist throws down gauntlet
Day ahead: BHP Billiton, GlaxoSmithKline, Proactis...
Fundamentals returning to the fore in mining, at long last
The bear market recovery is now unwinding in the mining sector and fundamentals are once more coming to the fore.
FTSE 100 ends tough week on a flat note
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
Rio Tinto cuts full year copper production guidance after first quarter hit by strikes in Chile
Rio Tinto's first quarter copper output fell due to a labour strike in Chile and new regulations in Indonesia
Archive
Day ahead: Retailers at opposite ends of shopping spectrum in focus
Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
Investments and investor services
FTSE 100 gains as investors turn to havens in the wake of US strike on Syria
Neither the US air strikes or the underwhelming US jobs data could prevent the Footsie from finishing the day in the blue
Miners wobble, but Trump dump yet to have serious impact
Donald Trumps healthcare bill is in Congress, his first big test as President
Drills at the ready: Greatland Gold ready to shine in 2017
The junior miner is making strides in developing its five gold-focused projects in Western Australia and Tasmania
Gold's rally after Federal Reserve decision may be short-lived, warns Goldman Sachs
Goldman Sachs has warned today's rally in gold prices may be short-lived, citing a uncertain outlook.
Investments and investor services
FTSE 100, 250 and smallcaps all mark record highs after Fed rate hike and cap
FTSE 100 stocks ended solidly higher on Thursday after chalking a fresh record high as investors reacted to a tempered rate hike outlook in the US and relief at the defeat of the anti-immigration Freedom party in the Dutch election
Liberum “cautious” on mining sector
The City broker says demand for things like coal and iron ore will pick up in the second quarter of this year, but so will supply
Investments and investor services
FTSE up with copper, FTSE 250 marks record 19,000 as Scots want referendum
Around 3.30pm, the FTSE 100 index was up almost 28 points at 7,371, just below the day’s best level of 7,376, having only hit a low of 7,342
BT nabs Rio Tinto’s chairman
Jan du Plessis is to step down as chairman of the mining giant as he assumes a new position on the board of BT
Archive
FTSE shares fall ahead of Budget, as Paddy Power Betfair slumps
FTSE 100 shares end lower on Tuesday ahead of the Spring Budget speech on Wednesday and as Paddy Power Betfair shares slump
FTSE 100 ends lower on the week as loss-making RBS drags ticker south
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
Will Kincora Copper be the next 10 bagger copper explorer?
Kincora Copper has a commanding position in one of the world's most promising emerging copper areas
Investments and investor services
FTSE 100 closes higher as mining stocks lap up higher copper prices
FTSE 100 shares closed higher on Monday as buoyant mining stocks responded to a strike in Chile which boosted copper prices
Gold on the rise as markets struggle to gauge the actual impact of Donald Trump
What will President Trump do next? Markets are well known for their hatred of uncertainty, and Trump's unpredictability may be starting to get investors spooked
Sell, sell, sell and hold. Haitong takes downbeat view on mining majors
Rio Tinto's recently announced share buyback is a retrograde step
FTSE 100 ends up, miners buoyed by China, UK companies buy US firms
FTSE 100 shares closed higher on Friday, led by miners buoyed by strong trade data from China while several UK companies were snapping up US stocks in a role reversal from that seen in the days after the June Brexit poll when UK companies w
Rio Tinto pleases with US$3.6bn cash return after 2016 results beat expectations
The mining giant is paying a full year dividend of 170 US cents per share, equivalent to US$3.1bn, while analysts had only expected a payout of 113 US cents.
FTSE 100 shares close firm thanks to housebuilders
FTSE 100 stocks closed firm on Wednesday as housebuilders helped build on what would have been a flat end
Archive
Day Ahead: Sterling's slump could mask drab performance from Glaxo
Glaxo is the next pharmaceuticals giant to update the market and it will probably be a familiar story of increased competition from generic versions of its blockbuster drugs.
Why small cap miners can be far better bets than their larger peers
What conclusions can we draw from the flurry of commentary that followed Glencore’s production results this week.
Archive
Week ahead: BP and Glaxo to continue trading trends for oil and drug giants
BP could please on Thursday as its recent quarterly updates have proved a little disappointing. GlaxoSmithKline will unveil its numbers Wednesday.
Archive
FTSE stocks powered higher by financials, non-farm payrolls
FTSE 100 stocks closed higher on Friday, offered a leg up by surprisingly strong US non-farm payrolls number and financial stocks confident burdensome US regulation was about to get scaled back