Rio Tinto Share Discussion Threads

[grupo] 24/5/2019 08:28

(RIO)
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Real-time Quote. Real-time CHI-X - 05/24 08:27:54 am
4650.75 GBp +1.33%

lets go and fly a kite

[grupo] 24/5/2019 08:08

Looking good Billyray

[podgyted] 24/5/2019 08:04

Well that's a start.

[podgyted] 24/5/2019 07:54

Up 0.3% in Oz - Iron ore still going in right direction as far as I can see.

Hoping for a better day.

[grupo] 24/5/2019 07:34

Key points:

Rio Tinto has defended its safety record after the AMWU raised concerns
Production at Gove Operations has ramped up 35 per cent in recent years, but workforce numbers have remained "relatively unchanged"
The safety claims coincide with the snap departure of general manager Linda Murry

[sarkasm] 23/5/2019 19:09

DID YOU SEE THAT TURVART IS TWO TIMING US

he has a thing for centrica it seems or is it lloyds

[sarkasm] 23/5/2019 17:49

Had rare down day


Real-time Quote. Real-time CHI-X - 05/23 04:30:00 pm
4593.75 GBp -1.74%

[sarkasm] 23/5/2019 17:39

Letter: Mining in nature

By Chris Owens

For the Deseret News
Published: May 23, 2019 10:00 am
+
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Deseret News
Letter to the editor

I've lived in the Salt Lake valley for nearly 15 years, and during that time I've seen the dump fields/tailings of the Kennecott mine grow from one small area to now cover nearly the entire face of the Oquirrh mountain range. I've not seen nor heard of any attempts to replant foliage in those areas to eliminate the eyesore that this mining field has become.
Comment on this story

So I ask the question of when will Rio Tinto take responsibility and clean up their mess? By comparison, the logging industry has strict requirements to replant seedlings where mature trees are removed. And they're required to perform this work as they leave each area, not simply wait decades until their entire project has finished. Are we holding Rio Tinto to the same standards? Each of those areas should be replanted before digging another pit.

It's time for them to take responsibility, and for us to demand immediate action. Their waste should not be our burden.

Chris Owens

Cottonwood Heights

[waldron] 23/5/2019 16:58

Rio Tinto
4,589.5 -1.83%


Anglo American
1,901 -0.74%

Glencore
259.65 -2.55%

(BHP) - 05/23 04:30:00 pm
1759.8 GBp -1.51%

Gold COMEX 1,285.60 +0.89%
Silver COMEX 14.61 +1.11%
Copper COMEX 2.68 -0.06%
Brent Crude Oil NYMEX 67.89 -4.37%
Gasoline NYMEX 1.89 -3.87%
Natural Gas NYMEX 2.57 +0.55%


WHAT A GREY DAY

WHOOPS RIO SLIPS INTO THE 4400 to 4600p BOX

to be confirmed close of market today

[podgyted] 23/5/2019 10:58

Societe Generale seems to be a upgrade to hold (presumably from sell)on RIO. AAL evidently upgraded to a buy.

[podgyted] 23/5/2019 08:12

I'm holding!

[waldron] 23/5/2019 07:16

Rio Tinto: Societe Generale apparently advises HOLD with a target price of 4460 GBp.

TO BE CONFIRMED

[podgyted] 23/5/2019 06:58

Rio takes a breather in Oz - down 0.5% but :-

"According to Metal Bulletin, the spot price for benchmark 62% fines surged 3.4% to $105.78, leaving it at the highest level since May 7, 2014.

The benchmark has now rallied in each of the past five sessions, gaining 12.1% in the process. From late November last year, it’s surged 65%."




Sino/US nerves vs iron ore price - which will win?

[waldron] 22/5/2019 17:01

Rio Tinto
4,672 +0.75%


Anglo American
1,919.6 -1.18%


Glencore
267 -2.29%

our GLEN is getting hammered

EVERYTHING BEING INPUT INTO THE glen PRICE, EVEN THE PROVERBIAL KITCHEN SINK

SUPPORT 250p AND BUYBACKS UNDERPINNING AT PRESENT BUT STILL IN THE 250 TO 280p box

(BHP) - 05/22 04:30:00 pm
1789.5 GBp -0.03%


Gold COMEX 1,275.70 +0.20%
Silver COMEX 14.45 +0.28%
Copper COMEX 2.67 -1.51%
Brent Crude Oil NYMEX 70.78 -1.94%
Gasoline NYMEX 1.96 -1.73%
Natural Gas NYMEX 2.57 -1.61%


if glencore really knows something about trading and hedging this downward trend might well have been overdone

[grupo] 22/5/2019 08:09

theguardian


BHP warns investors coal could be phased out 'sooner than expected'

Mining giant loses its appetite for thermal coal and will turn instead to oil, copper and nickel

Australian Associated Press

Wed 22 May 2019 07.45 BST

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The Caval Ridge coalmine in Queensland. BHP is rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’
The Caval Ridge coalmine in Queensland. BHP says it’s rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’. Photograph: Dan Peled/AAP

BHP is looking to add more oil, copper and nickel resources to its portfolio, while souring on thermal coal because it thinks the fossil fuel will be phased out, “potentially sooner than expected”.

BHP’s chief financial officer, Peter Beaven, told investors and analysts in a strategy briefing on Wednesday that “the world will be a very different place in 10 to 20 years’ time” and the global miner must be thoughtful about the risks and opportunities.

Beaven said the the miner believed that electrification of transport and the decarbonisation of stationary power were two strategic themes going forward.

As such, BHP believes that copper and nickel – used in electric vehicles – are sound investments, a turnaround from its stance of a few years ago when it was trying to sell off its Nickel West project in Western Australia.
Coal industry urges re-elected Morrison government to build new coal plants
Read more

But even with the trend towards electric vehicles, BHP forecasts that the decline in existing oil fields ensures that new capacity will be required.

“It is likely that attractive rent will continue to be available for well-placed assets,” Beaven said.

BHP is looking to develop oil projects in the US, the Gulf of Mexico and Canada, Beaven said.

It is also interested in finding another nickel resource in WA and expanding its existing copper projects, in South Australia, Arizona and Ecuador.

But BHP has “no appetite for growth in energy coal regardless of asset attractiveness”;, the company said in a briefing slide.

BHP has two high-quality thermal coal mines that generate high margins – the Mt Arthur Coal mine in New South Wales and the Cerrejón mine in Colombia, in which BHP holds a one-third stake – but Beaven suggested they could be sold.

“Our focus will be on maximising value to shareholders, whether we are long-term owners or not,” he said.

BHP forecasts that metallurgical coal, used in steelmaking and mined by BHP in central Queensland, will still offer the company attractive returns, as will its iron ore operations.
BHP and Rio Tinto join push for Indigenous voice to parliament
Read more

But there’s a possibility that gas will be leapfrogged by emerging markets as they opt for renewable energy, Beaven said.

BHP also sees potash, used in fertiliser, as a valuable asset in the long-term as food insecurity drives increased need for potassium.

But Beaven said developing BHP’s substantial potash resource in Saskatchewan, Canada doesn’t yet pass risk-return hurdles, given the large investment required.

In other resources, the abundant supply of lithium means BHP isn’t interested in the asset, and the miner foresees that cobalt will lose share to nickel.

[podgyted] 22/5/2019 06:50

Rio share price taking a breather yesterday but iron ore seems to be on the march again.





Up 0.4% in Oz.

[waldron] 21/5/2019 17:01

Rio Tinto
4,637 -0.84%

Anglo American
1,942.6 +0.49%

Glencore
273.25 +0.09%

(BHP) - 05/21 04:30:00 pm
1786 GBp -0.31%

Gold COMEX 1,273.90 -0.27%
Silver COMEX 14.43 -0.10%
Copper COMEX 2.72 -0.40%
Brent Crude Oil NYMEX 71.83 -0.19%
Gasoline NYMEX 1.99 +0.07%
Natural Gas NYMEX 2.61 -2.28%

[sarkasm] 21/5/2019 12:28

Rio Tinto
4,670.5 -0.13%

[sarkasm] 21/5/2019 12:26

Business
Mining

New legal probe into Rio Tinto's Mongolian progress
Peter KerResources reporter
May 21, 2019 — 6.12pm

Rio Tinto's $US5.3 billion ($7.7 billion) Mongolian copper expansion is the subject of a new probe by law firm Baker McKenzie, which could add fuel to the company's fractious relationship with minority shareholders in Turquoise Hill Resources.

The investigation by the global law firm is understood to focus on significant claims made by a former employee on the Mongolian project, which is an underground expansion of the existing Oyu Tolgoi mine.

Rio is the operator of the mine and the expansion, despite the fact it does not directly own a stake in Oyu Tolgoi; Rio owns 50.79 per cent of Toronto-listed Turquoise Hill, which in turn owns 66 per cent of the Mongolian company that owns the mine.

Rio first flagged geological issues with the Oyu Tolgoi expansion last October when it declared that first production would be delayed nine months.

Rio then announced in February that "significant changes" to the Oyu Tolgoi expansion plan may be required after the rock strength proved to be less reliable than first thought.

Those potential changes could trigger a cost blowout on the expansion and further delays to the completion date, with Rio expected to report back on the revised cost and schedule later this year.
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Those familiar with the former employee at the centre of Baker McKenzie's probe have described him as a "whistleblower" on some of the challenges Rio has experienced with the underground expansion of the mine.

One source said the law firm was looking at how Rio had discovered and then communicated the geology challenges, and their potential impact on project cost and schedule, to relevant stakeholders including Turquoise Hill.

Baker McKenzie is understood to be working for Rio, but Rio declined to comment when asked about the firm's work on the matter.

Rio needs no reminder about the importance of timely reporting when significant aspects of a major project change; the US Securities and Exchange Commission filed fraud charges against Rio in 2017 over its perceived failure to properly disclose to investors the deteriorating nature of its disastrous 2011 investment in Mozambique coal.

Rio is confident the geology at Oyu Tolgoi remains suitable for the caving technique it plans to use, but is unsure whether the rock strength around "shaft two" is sufficient to support the associated infrastructure, including crusher chambers, ore passes and extraction drives.

Rio chief executive Jean-Sebastien Jacques has publicly conceded in recent years that the ownership structure of Oyu Tolgoi is not ideal.

Many minority shareholders in Turquoise Hill would agree, having expressed frustrations in recent years that Rio had too much influence over the project and was providing too little disclosure to Turquoise Hill management.

Turquoise Hill shares last week traded at their lowest price since December 2008, after shareholders recorded big protest votes against directors at the company's annual meeting of shareholders.

financial review

afr.com

[podgyted] 21/5/2019 08:48

Fell 1% in Oz on China/US situation + some pull-back in iron ore price.

Seems a bit will it or won't it at the moment.



Interesting to note chinese stocks are still falling.

Have a profitable day.

[waldron] 20/5/2019 16:59

Rio Tinto
4,676.5 +0.07%


Anglo American
1,933.2 -1.59%


Glencore
273 -1.34%

(BHP) - 05/20 04:30:00 pm
1791.7 GBp -0.17%


Gold COMEX 1,277.40 +0.13%
Silver COMEX 14.44 +0.33%
Copper COMEX 2.73 -0.44%
Brent Crude Oil NYMEX 72.37 +0.22%
Gasoline NYMEX 2.01 -0.44%
Natural Gas NYMEX 2.67 +1.60%

[waldron] 20/5/2019 12:08

Rio Tinto
4,672 -0.02%

HANGING OUT STILL IN THE 4600 to 4800p BOX

[maywillow] 20/5/2019 10:23

Anglo American PLC AAL UBS Sell 1,800.00 -target Unchanged

now thats a surprise
i thought diamonds were forever

certainly differ from credit suisse target of 2700


current share price but not a flinch from RIO

Rio Tinto
4,673 +0.00%

Anglo American
1,928.6 -1.82%

Glencore
272.5 -1.52%

bhp 1783 GBp -0.66%



Anglo American is one of the world's leading mining groups. Net sales break down by product family as follows:

- diamonds (20.4%);

- iron ore (15.7%): 41.5 million tons produced in 2017;

- copper (14.4%): 579,300 tons produced;

- thermal coal (13.4%): 73.9 million tons produced ;

- metallurgical coal (11.7%): 19.7 million tons produced;

- platinum (8.6%): 2.5 million ounces produced;

- nickel (2.5%): 43.8 tons produced;

- rhodium (3.3%);

- manganese and alloys (1.1%);

- other (4%).

Net sales are distributed geographically as follows: the United Kingdom (5.5%), Europe (12.2%), China (22.5%), India (12.7%), Japan (9.2%), Asia (19.2%), Africa (6.5%), Africa (6%), Chile (1.5%), Brazil (1.5%), South America (0.1%), North America (3%) and Australia (0.1%).