Rio Tinto Share Discussion Threads

[the grumpy old men] 06/6/2019 19:14

Turvart

what are the key factors that might help that push up,bearing in mind the many economic and geo political headwinds out there

not to mention the iron ore price due to supply and demand impacts as mentioned by podgeyted

[turvart] 06/6/2019 19:06

Yes sorry my bad, higher lows.

[the grumpy old men] 06/6/2019 18:57

Turvart
6 Jun '19 - 18:43 - 305 of 305
0 0 0
Looking at the 2 year chart since December Rio has formed a very nice trend line on support and resistance, it’s hitting lower lows and higher highs in that trend line channel and if Rio pushes with the legs it has, 5000 could be on the cards very shortly.


Turvart

Did you mean higher lows

[turvart] 06/6/2019 18:43

Looking at the 2 year chart since December Rio has formed a very nice trend line on support and resistance, it’s hitting lower lows and higher highs in that trend line channel and if Rio pushes with the legs it has, 5000 could be on the cards very shortly.

[waldron] 06/6/2019 18:02

Iron Ore 97.76 USD -0.5(-0.57%)

Gold COMEX 1,343.80 +0.76%
Silver COMEX 14.91 +0.80%
Platinum NYMEX 802.90 +0.01%
Copper COMEX 2.64 +0.51%
Brent Crude Oil NYMEX 60.62 -0.02%
Gasoline NYMEX 1.66 -0.42%
Natural Gas NYMEX 2.32 -2.52%

(WTI) 51.66 USD +0.21%

Rio Tinto
4,538.5 +0.39%

Anglo American
1,939.8 +1.04%

Glencore
261.25 +0.67%

(BHP) 1804.1 GBp +0.54%

[ariane] 06/6/2019 10:56

thanks ted

got a link

[turvart] 06/6/2019 07:56

Cheers Waldron.

[waldron] 06/6/2019 07:22

06 June 2019
Rio Tinto Exploration Update – Winu project
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pdf Rio Tinto Exploration Update – Winu project pdf 2.08 MB - Opens in a new window

As announced on 27 February 2019[1], Rio Tinto has discovered copper-gold mineralisation at the Winu project in the Yeneena Basin of the Paterson Province in Western Australia. A significant programme of work has continued at the Winu camp in recent months with 180 people now on site and this release provides additional data on the intercepts for the eleven diamond drill holes reflecting drilling to the end of 2018. In addition, some assay data has changed as a result of quality control and assurance activities.

Significant intercepts for the eleven diamond drill holes not previously available in full, as well as all previously reported results, are set out in Table 1 and Table 2 in the PDF attached. Results continue to indicate relatively wide intersections of vein style copper mineralisation associated with gold and silver beneath relatively shallow cover which ranges from 50 to 100 metres. The mineralisation remains open at depth and to the east, north, and south.

Some changes have been made to the assays due to ongoing quality control and assurance procedures, and changes in analytical techniques. A comparison of original and revised intercepts for the affected drill holes are provided in Table 3 and Table 4. This outlines the completed drilling results to the end of 2018.

The next phase of reverse circulation (RC) and diamond drilling is underway to further define the mineralisation extents and continuity, and results will be reported in a subsequent release in Quarter 3, 2019. There are currently eight diamond rigs, three RC rigs, and a waterbore rig drilling at Winu.

Other activity at Winu includes cultural heritage surveys and the commencement of construction of a gravel airstrip for emergency response purposes, given the exploration camp is located approximately 200 kilometres by gravel and sand track from the Great Northern Highway and a seven hour drive from Port Hedland.

While results continue to be encouraging, the exploration project is still at an early stage and drilling to date does not allow sufficient understanding of the mineralised body to assess the potential size or quality of the mineralisation nor to enable estimation of a Mineral Resource. The assessment and interpretation of existing data is ongoing and is being used to help guide drilling in 2019.



[1] Rio Tinto Exploration Update – copper-gold mineralisation discovered in the Paterson Province in the far east Pilbara region of Western Australia” released to ASX on 27 February 2019

[waldron] 06/6/2019 07:19

Rio Tinto Exploration Update - Winu project

6 June 2019

On 6 June 2019 Rio Tinto announced to the Australian Securities Exchange (ASX) an exploration update in relation to the Winu project in the Yeneena Basin of the Paterson Province in Western Australia.

This announcement was made in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (JORC Code) and the ASX Listing Rules.

A copy of the full announcement is available on Rio Tinto's website at


EDIT AT PRESENT I AM GETTING AN ERROR 404 MESSAGE ON ABOVE LINK

WILL TRY ANOTHER WAY

[waldron] 06/6/2019 07:14

WILL HAVE A LOOK

GOOD MORNING TOO

TRUST YOU ARE WELL

DULL AND OVERCAST HERE AT PRESENT

CHEERS

[turvart] 06/6/2019 07:11

Waldron,
Good Morning, can you shed any light on today's RNS it doesn't tell me a lot.

[waldron] 05/6/2019 16:59

Iron Ore 98.32USD -0.07(-0.07%)
Gold COMEX 1,343.50 +0.25%
Silver COMEX 14.78 +0.04%
Copper COMEX 2.64 -1.26%
Brent Crude Oil NYMEX 60.45 -2.45%
Gasoline NYMEX 1.69 -2.20%
Natural Gas NYMEX 2.39 -1.20%
(WTI) 51.41 USD -3.07%

Rio Tinto
4,521 -1.85%

Anglo American
1,919.8 -0.81%

Glencore
259.5 -0.88%

(BHP) 1794 GBp -0.37%

[bradbury3559] 05/6/2019 11:27

Come join the party #BBSN

[sarkasm] 05/6/2019 05:43

Spotlight on Rio Tinto Kakadu uranium clean-up
By Dave Sweeney | 5 June 2019, 8:00am | 8 comments
Ranger Uranium Mine, Kakadu NT (Image: Dominic O’Brien)

Four decades of imposed uranium mining by Energy Resources of Australia (ERA) and Rio Tinto is about to end at the Ranger Uranium Mine in Kakadu in Australia’s Northern Territory.

What remains is a heavily impacted site that requires extensive, complex and costly rehabilitation.

This must meet both community expectation and the mining company’s legal obligation to restore the site to a standard where it can be incorporated into the surrounding Kakadu World Heritage area.

As mineral processing winds down at Ranger ahead of a mandated 2021 end to operations, a new report has found that Kakadu, Australia’s largest national park, is at long-term risk unless the clean-up is comprehensive and effective.

[podgyted] 04/6/2019 19:39

That's one sorted out of a hundred - if you're a global miner these just go on and on.

[sarkasm] 04/6/2019 19:01

Rio Tinto Not Liable for Statements About Unprofitable Coal Mine
Posted June 4, 2019, 3:45 PM

African mine originally valued at $3.6 billion
Assumptions in value never materialized

Rio Tinto PLC isn’t liable for statements it made about the value of an African coal mine that didn’t pan out, a federal district court said June 3.

When Rio Tinto initially proposed purchasing a mine in Mozambique, it valued the project at $3.6 billion. That amount was based on several assumptions, including the amount of coal that could be mined, its quality, and the method of transporting it.

Rio Tinto purchased the mine in 2011, but the assumptions never...

[waldron] 04/6/2019 17:43

Iron Ore 98.39 USD 2.11(2.14%)
Gold COMEX 1,339.00 -0.02%
Silver COMEX 14.77 +0.17%
Copper COMEX 2.67 +0.64%
Brent Crude Oil NYMEX 61.78 +0.82%
Gasoline NYMEX 1.72 -1.13%
Natural Gas NYMEX 2.43 +1.08%

Rio Tinto
4,606 +0.24%

Anglo American
1,935.4 +0.82%

Glencore
261.8 +1.97%

(BHP) 1800.9 GBp +0.16%

[sogoesit] 04/6/2019 13:28

Aha, the usual suspects are here ;-)
Been buying RIO for last few months (Cu + Fe). Part of my commodities entry for next macro cycle push upwards.
Good luck!

[la forge] 04/6/2019 11:59

US court victory for Rio Tinto as class action dismissed

By Darren Gray
June 4, 2019 — 7.24pm




Global miner Rio Tinto has had a significant victory in the United States, with a New York court dismissing an investor class action against it over a costly, failed mining venture.

The lawsuit, filed in 2017 by Seattle-based firm Hagens Berman, was over Rio's failed investment in a Mozambique coal project which ran into a number of setbacks, and eventually cost the miner billions of dollars.
Miner Rio Tinto has had a US court victory.



But US District Court of New York Judge Analisa Torres dismissed the complaint against the defendants, listed as Rio Tinto, former Rio chief executive Tom Albanese and former chief financial officer Guy Elliott.

The judge ruled that some of the complaints made in the lawsuit were too old under US law to proceed, while one claim was dismissed because of "a failure to allege falsity" and another because of a "failure to allege both falsity and materiality".

The law firm had alleged that the defendants had made false and misleading statements and/or failed to disclose adverse information about the true value of Rio's Mozambique coal investment made in 2011.

Rio acquired the assets for $US3.7 ($A5.3) billion in 2011, but its plans for coal mining in the African country hit major hurdles, the assets crumbled in value, and the miner sold them in October 2014 for just $US50 ($A71.8) million.

The US law firm undertook the action on behalf of buyers of Rio American Depositary Receipts between October 23, 2012 and February 15, 2013. The writ alleged: "Defendants' wrongful conduct has inflicted significant damages on Rio Tinto investors."

Shares in Rio Tinto rose 1.5 per cent on Tuesday to close at $98.56.



Darren Gray


Darren is the mining and agribusiness reporter for The Age and The Sydney Morning Herald.