Rio Tinto Share Discussion Threads

[robrah] 16/6/2017 15:45

Lower low in action.Sub 30 next week and the may be 28my June end

[robrah] 16/6/2017 15:26

Can't see it. Possible heading sub 30 soon.

[arja] 16/6/2017 14:32

as usual mining stocks are now trading at or near lows for the day ! maybe a late bounce but not looking likely !

[robrah] 15/6/2017 13:21

The best part is christh the numpty was call this a straight ride to 40 from recent 33. Lol his ia my best short indicator. Rarely he is ever right

[action] 15/6/2017 10:59

ROBRAHU r correct.But I must buy o. Every drop of say two to five and sell profitable position in to the upswing. I do not hold it for 'll g term

[wad collector] 15/6/2017 10:42

Good bit of volatility atm , bought some back at 3088. Another 5% in a week. A lot of variables to try to call a target price I would have thought.

[arja] 15/6/2017 10:41

looks like it will hit the £29 level again quite soon based on chart unless base metal prices and especially iron ore have a meaningful recovery . But ALL mining stocks in red today !

[robrah] 15/6/2017 08:30

Action told u,u could buy it cheaperU may even be able to buy sub 30 today

[robrah] 15/6/2017 08:29

Christh, mate ?are we their yet ?? Lol

[christh] 15/6/2017 08:21

Rio Tinto’s Silvergrass iron ore mine to begin production by year-end

Rio Tinto (ASX, LON:RIO), the world's second largest iron ore producer, will soon be adding more of the steelmaking raw material into an already oversupplied market by kicking off production at a new mine in Australia.

Construction at the Silvergrass project, which will be Rio's 16th iron ore mine in the Pilbara region, has been ramping up since January, and the $338 million development is expected to create about 1000 jobs until is fully built, a Brazilian news outlet reported.
"Silvergrass is a satellite deposit located adjacent to Rio Tinto’s Nammuldi mine and it’s part of the company’s Pilbara operations, which make up the vast majority of its iron ore production."

The initial phase, with a 5 million tonne per annum capacity, began production in the 4th quarter of 2015, but the 2nd and most important phase — which will take annual mine capacity from five to ten million tonnes — is expected to come into production in the 4th quarter of this year.

After that, final capacity of over 20 million tonnes per year would easily plug into Rio's existing Pilbara infrastructure and the mine could be in full production in early 2018.

The mining giant is also moving ahead with its $2.2 billion Koodaideri iron ore project in Western Australia, 110km west-north-west of Newman.

The project, which Rio says is intended to replace existing production, would begin construction in 2019, creating 1600 jobs during that period and 600 full-time positions once in production, which is estimated to happen in 2021.

[robrah] 15/6/2017 07:53

The 40 usd does not matter . The thing is iron ore is weak. That is what really counts.Christh r we there yet ??

[robrah] 15/6/2017 07:52

Idiotrerna Your 40 usd support is gone too now.That is y it is important to observe and not stick silly price targets

[robrah] 14/6/2017 23:10

And the actual direction of the share price move

[action] 14/6/2017 17:57

It is matter of opinion

[robrah] 14/6/2017 17:56

Buy cheap and sell cheaper

[action] 14/6/2017 17:24

Down is good . Buy cheap sell high

[robrah] 14/6/2017 15:51

Which did I say in the morning. Moment 3200 cracked. This is going down. With the volatility expected from the fed. This could be heading sub 30 quid soon

[arja] 14/6/2017 15:50

did rally but then mining stocks turned around except my favourite S32 which does it's own thing but OZ is lead market .

[action] 14/6/2017 15:15

IdeoternaDo u expect similar run on Glencorr as well?

[robrah] 14/6/2017 15:13

Still going down.

[idioterna] 14/6/2017 09:47

Robrah; as mentioned over a month ago $40 has held as support and you are clearly wrong. This is still mid-cycle from a commodities perspective so I'm gearing up for both RIO & BLT in the mid-term. That's a target of 15% on both by year end.

[robrah] 14/6/2017 09:40

Oh boy 32 cracked

[arja] 14/6/2017 09:09

aal and blt have now edged into the red and it seems mining stocks are not flavour of the month !

[arja] 14/6/2017 09:02

but most other mining stocks are in the blue and only RIO in the red . It is disappointing .