Rio Tinto Share Discussion Threads

[christh] 02/8/2017 07:42

Splendid results

Net cash generated from operating activities
First half 2017....................First half 2016.....Change
US$m6,306..............................US$m3,240........+95%

Ordinary dividend per share - Interim dividend
First half 2017....................First half 2016.....Change
83.13p...............................33p..................+144%

Generated net cash from operating activities of $6.3 billion, 95% higher than 2016 first half, primarily due to higher prices partly offset by an increase in taxes paid driven by higher profits.

- Capital expenditure of $1.8 billion, of which $0.7 billion was sustaining capex.

- Generated free cash flow10 of $4.6 billion.

- Continued shaping of the portfolio with the sale of the Coal & Allied thermal coal assets for
$2.69 billion announced in 2017 first half, of which $2.45 billion is payable in cash on completion expected in the third quarter of 2017. Second tranche from Lochaber sale of $0.2 billion received in 2017 first half.

- Paid the 2016 final dividend of $2.2 billion.

- Ongoing share buy-back in Rio Tinto plc shares.

§ Bought back $0.3 billion of Rio Tinto plc shares by 1 August 2017.

- Further strengthened the balance sheet with a 21% reduction in net debt to $7.6 billion and net gearing ratio of 13%. Successfully completed a $2.5 billion bond tender and redemption exercise which drove the reduction in gross debt.



The 2017 interim dividend, equivalent to 110.00 US cents per share, will be paid on 21 September 2017 to holders of ordinary shares and ADRs.
Rio Tinto plc shareholders will receive 83.13 pence per share and Rio Tinto Limited shareholders will receive 137.72 Australian cents per share based on the applicable exchange rates on 1 August 2017. ADR holders receive dividends in US dollars, which will be converted from pounds sterling by reference to the exchange rate applicable on 14 September 2017.

The dividend will apply to Rio Tinto plc and ADR holders and to Rio Tinto Limited shareholders on the register at the close of business on 11 August 2017.

[arja] 02/8/2017 07:36

god results but , as you say , market expect a bit more . muted response in OZ and down slightly on the day .

[manics] 02/8/2017 07:22

@LiveSquawk
Rio Tinto H1 Earnings:
Interring Dividend $1.10
Revenue: $19.3B (est $19.52B)
Net Earnings: $3.305B

[greendig] 01/8/2017 14:59

Yes, it seems strange, however the call options activity suggests that someone is betting on good news tomorrow IMHO

TH evolume is low so maybe peope have taken their positions ahead of results tomorrow?

DYOR

[arja] 01/8/2017 08:07

I am a bit puzzled as to why RIO has opened much , lower than US close and much bigger than normal discount ? !

[keya5000] 31/7/2017 16:21

Do any of use guys use this to trade RIO long with?

SF87.L
SGA SOC GEN ACCEPT C/WTS 21/12/18 GBP40(RIO TI

Seems to offer decent leverage at the moment but will offer extreme leverage on limited exposure if it gets close and breaches £40?

[action] 31/7/2017 11:00

RobrahR u still holding your be The for 3000?

[arja] 31/7/2017 08:52

yes, results due on wednesday and in OZ trading hours I assume .great start for miners today but disappointed in S32 so far !

[bigbigdave] 30/7/2017 06:57

Rio Tinto set to reward investors with bumper returns

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.

[christh] 28/7/2017 13:07

Trying to go higher.
Hopefully should close to £35 or above.
Only 4 days to the Interim results.

Results should be splendid.
Iron ore at $70 as well as vauxite and copper prices will boost profits.
The sale of the coal mines will give additional cash to pay a special dividend.

[arja] 28/7/2017 08:49

mining stocks pounded today but might mean a trading opp when they look like turning and especially RIO - it was the friday blues in OZ too !

[christh] 27/7/2017 09:17

Rio Tinto’s largest red diamond goes on display in New York
July 27, 2017 News

Rio Tinto has exhibited the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender at a world exclusive preview in New York.

The 2.11 carat gem, named ‘The Argyle Everglow’, is the centrepiece of the 2017 Argyle Pink Diamonds Tender – an annual showcase of the rarest diamonds from Rio’s Argyle mine in the East Kimberly region of Western Australia.

[christh] 27/7/2017 08:58

results next week, get ready for a run

very dissappointed did not meet my target price yesterday but I do hope it runs to £36.

Copper and iron ore have significantly gone up in price $2.87 for copper and $71 for iron ore.
That will tell you the price according to the profits should be around £38

[action] 26/7/2017 11:38

This one will smash through 3500 as well as 3600 after 3rd August update.

[christh] 26/7/2017 11:31

LATEST UPGRADES FROM THE BROKERS
Date................Broker.......Recommendation.....New target price.......Notes
20 Jul 17.....JP Morgan Cazenove .....Overweight......4000.00..........Reiterates
19 Jul 17.....Deutsche Bank..............Buy..........4200.00..........Retains
19 Jul 17.....HSBC.......................Buy..........3800.00..........Reiterates
19 Jul 17.....Macquarie................Outperform.....4000.00..........Reiterates
18 Jul 17.....Morgan Stanley.....Equal weight.........3430.00..........Reiterates
14 Jul 17.....Barclays Capital.....Overweight.........4100.00..........Reiterates

[christh] 26/7/2017 11:21

Rio Tinto partner Freeport tips copper price to rise to boomtime high
The Australian 3:19PM July 26, 2017

Copper prices could rise to boomtime highs of more than $US4 a pound because of unexpectedly low supply as global growth continues to grow, says Rio Tinto’s operating partner in the big and controversial Grasberg copper and gold mine in Indonesia, Freeport-McMoRan.

The prediction, from Freeport chief Richard Adkerson, came as copper prices jumped 4% overnight to a two-year high of $US2.84 on Chinese growth and tight supplies, buoying global resources stocks including Rio and BHP Billiton.

And in good news for Rio, whose interest in Grasberg has been looking less valuable in recent times, Freeport says progress has been made in a stand-off with the Indonesian government that has slashed output this year.

Speaking to investors after the release of Freeport’s second-quarter earnings last night, Mr Adkerson said global copper supplies were only going to get tighter as growth spurred more demand for the industrial metal, which is often seen as a barometer for economic growth.

“You’re going to see a period of time where there’s going to be a shortage of copper, and you’re not going to see the price (just) go to $US3,” he told investors.
“We just need to look over our shoulders and we can see at times we had copper at $US4, and we’re heading for a world of where that is, I believe, in the cards.”

The last time copper was at $US4 was in 2011, when it rose to an all-time high of $US4.62.

Until October, prices had been stuck in a year-long range of $US2 to $US2.25.

“There are some projects that are being completed and so forth, but the wall of copper that was supposed to come about in 2016 didn’t show up,” Mr Adkerson said,

“And now to justify the coming wall of copper, some people are saying you can develop these new mines at $2.50 or less and that just can’t be done. It just can’t be done.”

At 2:55pm (AEST) today, New York copper prices were up US4c at $US2.88, adding to the 4% gains overnight.

Rio was up 2.5%, BHP was up 3.5% and copper miner Oz Minerals was up 11%.

In February, Rio said it could sell out of or walk away from its interest in Grasberg, where the government has restricted concentrate exports and wants 51% of the mine to be Indonesian-owned.

Rio has rights to production at certain levels and has a deal where it take a 40% stake in the mine.

The problems come on top of longstanding issues at the mine, including a poor safety record and the disposal of tailings into a river, which is against Rio policy.

Mr Adkerson said talks with Indonesia about retaining fiscal terms for Grasberg, settled before new Indonesian laws were put in place, were going well.

“We’re now approaching a stage where both parties have expressed an objective of a near-term resolution,” he said, adding that the ownership issue may be solved by an Indonesian stock exchange listing.

“We are seeing that objective being more clearly identified by the senior levels in the Indonesian government than we have seen in the past.”

He said development of the world’s biggest block cave mine,under the Grasberg open pit, had been slowed by “mining-induced seismic activity”.

Read it in here



£40 on the cards, coming soon

[christh] 26/7/2017 07:07

Most likely hit £36 today

Report last night
The UK100 has rallied back up after yesterday’s losses, this is continuing the volatile nature of the market at present.
The mining sector lead the market upwards with strong movements in copper and iron ore which has seen the major players in the sector surge.

[robrah] 25/7/2017 17:01

Also possible a very large fine from office of serious fraud. It called spike them and then strike them

[christh] 25/7/2017 16:23

special dividend on the cards...

[datait] 25/7/2017 16:19

Solo Oil maybe odd-one-out among the Horse Hill players but analyst sees substantial upside

2017-07-25 12:32:00
Attention will turn back to Horse Hill in due course, meanwhile, investors are also looking to developments in Tanzania.
onshore drilling operation
More production testing is slated for Horse Hill later this year


Among the Horse Hill partners Solo Oil PLC (LON:SOLO) is something of an ‘odd man out’ as the stock has not seen a re-rating.

Solo, which also has assets in Tanzania, holds a 6.5% interest in Horse Hill which was the breakthrough in the emerging Kimmeridge oil play in the UK onshore Weald basin.

Success at Broadford Bridge and Brockham – two other Kimmeridge projects – has driven other Horse Hill explorers such as UK Oil & Gas Investments PLC (LON:UKOG), Alba Minerals and Doriemus higher.

UKOG is up some 750% from May’s placing price of 0.8p, while other Kimmeridge players such as Doriemus, Alba Minerals, and Angus Energy have advanced 100%, 170%, and 200% respectively.

Solo, meanwhile, is actually down by around 22% during the past month.

Without stakes in either of the other project’s Solo has not seen those direct catalysts, nonetheless, this summer’s results have no doubt de-risked the proposition for the development of Horse Hill.

Attention will come back around to Horse Hill in due course, as the partners advance the project through the regulatory system for a planned long term production testing programme which is provisionally slated to get underway in the fourth quarter.

Horse Hill is just one of Solo’s assets, though, with the company also partnered in a potentially significant gas project in Tanzania plus a new venture targeting helium resources, also in Tanzania.

Altogether, the company’s assets could be worth much more than the present level.

Lionel Therond, analyst for Capital Networks, for example, sees the potential for Solo Oil to more than double in value.

READ the full Capital Networks note here

The analyst, in a note, set out a valuation for the stock which sees the group worth 1.04p per share, albeit the valuation relies on the group’s to-be-developed project.

“We believe that the non-producing assets in Ruvuma, Rukwa, Horse Hill and Isle of Wight have a defined path to monetisation,” he said.

In Tanzania, Solo is partnered with Aminex which is presently advancing development plans for the Ntorya project after recent appraisal success.

Aminex last week told investors that it continues to work with the state’s Tanzania Petroleum Development Corporation (TPDC) to bring arrears fully up to date.

Updating on the Ruvuma area, meanwhile, Aminex said it is fully engaged with an updated basin model including a preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers.

At the same time, recently appointed consultant Io oil & gas is working on a gas field development plan for the Ntorya field, located in Ruvuma, and this is expected to be ready in September.

“The Ruvuma basin modelling study is an important step in optimising the development of the Ntorya gas field and Solo continues to work closely with Aminex on this project,” Solo chairman Neil Ritson said at that time.

“We look forward to being able to report the results of the study in the coming quarter."

WHY INVEST IN SOLO OIL PLC? READ MORE HERE
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[christh] 25/7/2017 16:16

£35 today...

[nick100] 24/7/2017 21:13

Rio Tinto slips on word of U.K. SFO investigation

Jul. 24, 2017 1:18 PM ET|About: Rio Tinto plc (RIO)|By: Carl Surran, SA News Editor
Rio Tinto (RIO -0.7%) turns lower on news that the U.K.'s Serious Fraud Office has opened an investigation into suspected corruption in the conduct of business in Guinea by the company and individuals associated with it.

Separately, Rio says it signed an MoU with Serbia's government to speed development of Rio's Jadar project in the country that contains a giant deposit of jadarite, a mineral unique to Serbia that contains lithium.

The project currently is in the middle study stages, with Rio expected to make a final investment decision and begin construction in 2020 and first production in 2023.

[robrah] 24/7/2017 17:16

Graham u ask me if I needed to post twice . No i did not post twice. If you were implying I posted on both the thread . That is correct . But it is exectly what you did also. Christ posting are useless price targets luring unsuspecting punter . I have to equalise . And atleast i hve been correct mostly .