Rio Tinto Expands Mining Farm

Rio Tinto Expands Mining Farm

Rio Tinto has formally opened its new $US338 million Silvergrass iron ore mine in Western Australia’s Pilbara region. The 10 million tonne per annual operation is the company’s 16th mine and represents the first new iron ore mine in Australia since the opening of Gina Rinehart’s Roy Hill mine. Rio Tinto chief executive Jean-Sebastien Jacques […]

Rio Tinto Group Negotiating With Freeport

Rio Tinto Group Negotiating With Freeport

US mining giant Freeport McMoRan has signaled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto. Indonesian Energy and Minister Resources Minister Ignasius Jonan said on Tuesday that after “tough negotiations” Freeport had agreed to give up its majority stake […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights Engineering firm WorleyParsons has edged fancied rivals by gaining a foothold in Rio Tinto’s proposed next big iron ore development in the Pilbara. Rio Tinto selected WorleyParsons to provide engineering services to support the feasibility study phase of the $US2.2 billion ($2.8 billion) Koodaideri project. The $31 million study […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto has hailed a more productive dialogue with the State Government as the resources industry works to improve its image with regional communities. The mining giant hosted WA Premier Mark McGowan on a tour of its Dampier port facilities this month to highlight the work being done to […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights RBC Capital Markets’ Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) RIO 1.23%by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday’s opening price of 3,382.50p. One of the reasons to support a continued […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights Metal prices are likely to remain volatile for the rest of year, the boss of mining group Rio Tinto has warned, while promising investors the company can keep delivering healthy returns. The FTSE 100 miner has benefitted from a recovery in the price of iron ore, the steelmaking ingredient […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights When Rio Tinto opens the resources sector reporting season tomorrow, the focus will be on increased cash returns, not governance issues, even after Rio’s Guinea problems were upgraded to a corruption probe last week and its lead independent director recently stepped down over separate fraud charges. Investors will be […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto is poised to return more cash to shareholders next week with the miner set to unveil a healthy interim dividend and more money for share buybacks after enjoying rising commodity prices. The FTSE 100 company could ­increase returns to shareholders by up to $2.5bn (£1.91bn) when it […]

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $US1 billion special dividend. The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend […]

Rio Tinto Limited (ASX:RIO) Lowers Iron Ore Forecast

Rio Tinto Limited (ASX:RIO) Lowers Iron Ore Forecast

Rio Tinto Limited (ASX:RIO) Lowers Iron Ore Forecast Rio Tinto lowered its forecast for iron ore shipments on Tuesday by up to 10m tonnes — but analysts said the revised estimate would not stop the Anglo Australian mining group returning cash to shareholders and could help support the price of the commodity. Rio said it […]

Rio Tinto Limited (ASX:RIO) Aims To Be King

Rio Tinto Limited (ASX:RIO) Aims To Be King

Rio Tinto Limited (ASX:RIO) Aims To Be King It has been just over a year since Jean-Sébastien Jacques took over the reins at Rio Tinto. The 45-year-old France-born executive knows there is much more still to do to restore investor confidence in the sector. Years of profligate spending and dealmaking left the industry saddled with huge […]

Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights

Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights

Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights Rio Tinto shareholders have given their backing to the sale of the company’s Australian coal assets to China’s state-backed Yancoal for $2.69bn, spurning a bid by rival Glencore. Shareholders in the UK and Australia voted overwhelmingly in favour of the deal, with 97.2 per cent of a little […]

Rio Tinto plc (ADR) (NYSE:RIO) Heffx Trading Outlook

Rio Tinto plc (ADR) (NYSE:RIO) Heffx Trading Outlook

Rio Tinto plc (ADR) (NYSE:RIO) Heffx Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 45.59. The projected lower bound is: 40.60. The projected closing price is: 43.09. Candlesticks A […]

Rio Tinto (ASX:RIO) Heffx Trading Outlook

Rio Tinto (ASX:RIO) Heffx Trading Outlook

Rio Tinto (ASX:RIO) Heffx Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 49.29. The projected lower bound is: 45.12. The projected closing price is: 47.21. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]