Rio Tinto Share Discussion Threads

[podgyted] 18/6/2019 15:16

Go on, £49. You know you want to !

(Well it worked last time.)

[sarkasm] 18/6/2019 09:33

4870.50 GBp +2.04%

[the grumpy old men] 17/6/2019 22:17

Q & A with Rio Tinto Operations Director

Inflows between July, 2018 and June 2019 has been the second lowest since 1956

Aman ParharJun. 17, 2019 8:30 a.m.Local News

Vanderhoof Omineca Express got in touch with Andrew Czornohalan, operations director at Rio Tinto to talk about the current state of the Nechako River and more.

What is the current state of the Nechako reservoir?

As of June 7, 2019 the water level in the Nechako Reservoir is about 2793 feet, or 7 feet from full, which is 2 feet lower than normal for this time of year. In addition, the snowpack in the reservoir area is almost already melted and inflow to the reservoir has dropped. It seems that the peak of the freshet has passed.

‘Dryest year ever’ – can you explain this further and provide some statistics to compare over previous years.

Inflow refers to the water going into the Nechako reservoir from melting snow and rainfall. Inflows between July 1, 2018 and June 4, 2019 has been the second lowest since 1956. Rainfall in the last two weeks has helped increase the inflows to the reservoir which has made a slight difference to the reservoir level.

How is the Dam managed if water level goes below the desired level?

The risk of water surplus and water shortage is constantly managed. Decisions related to flood risk or drought risk mitigation occur many months in advance of any potential event by either discharging additional water, or curtailing power generation. However, risk levels can change quickly from weather events so conditions are continually monitored. We are evaluating options and will take steps this year to mitigate even lower levels in the spring next year, before the 2020 freshet.

What kind of engagement is being done with local governments? Considering Vanderhoof council’s stance on wanting a seat at the table while decisions are being made, is that being taken into consideration?

Rio Tinto began the Water Engagement Initiative as a means of collaborating with First Nations, members of the public and governments in the Nechako Region. The spirit and intent of the Water Engagement Initiative is to facilitate an understanding of the diverse interests related to water management in the Nechako Region, and collaborate with interested parties/persons in identifying opportunities for improvement in Rio Tinto operations. The process is supported by an independent facilitator, and a technical working group. All levels of government and First Nations were invited to help design the process and to participate. Rio Tinto encourages anyone interested in the Nechako River, and Rio Tinto’s operation of the reservoir, to participate in the Water Engagement Initiative process.

What kind of engagement is being done with First Nations groups?

All First Nations in the watershed have been contacted and encouraged to participate in the Water Engagement Initiative. Rio Tinto encourages anyone interested in the Nechako River, and Rio Tinto’s operation of the reservoir, to participate in the Water Engagement Initiative process.

Heard at a previous council meeting that BC Hydro is going to be involved in a project. What is the nature of the project?

The electricity generated at Kemano is an integral part of the BC Hydro system. BC Hydro and Rio Tinto work very closely together at all times to ensure a reliable supply of electricity in northwest BC. Currently, BC Hydro and Rio Tinto are investigating the best options for mitigating the risk of low water, to ensure there is enough electricity to BC Work’s smelter if low water levels continue.

Considering its the dryest year on the record, what should Vanderhoof residents expect in terms of water levels?

Rio Tinto is required to discharge water from the Nechako Reservoir for fisheries Conservation in the Nechako River. Spillway discharge will follow the normal schedule. Although it is possible that flows from tributaries may be lower than usual, residents should expect water levels to be at normal levels for this time of year and during the fisheries season.

What was the snowpack level this year in comparison to other years?

The total snowpack in the Reservoir area was about 70% of the average for the winter. Up until January it was quite typical then through February & March the levels were virtually flat. The snow melt started very early in late April / early May.

I had spoken to someone in regard to the Nechako river and they have seen it change over a period of time. They said they have brought up these concerns, so this engagement seems redundant. Why haven’t those changes been done before?

There are a couple of different reasons – if we implement one interest it may have a detrimental impact on something else and it is very difficult for our company to say how do we weigh bank erosion with flood protection and salmon stocks. So that is something as a company that has been very difficult. The other thing is our flow regime is part of a regulatory process. So we have had to get the province on board so that we all move together. I feel all of us – regional, provincial, federal and local, all of us can move together towards a decision. If there is just one group trying to push it, you either get stuck in bureaucracy or stuck in opposition.

Aman Parhar
Editor, Vanderhoof Omineca Express

[e-mail]

[waldron] 17/6/2019 17:23

Iron Ore 104.17 USD -0.16(-0.15%)
Gold COMEX 1,344.40 -0.01%
Silver COMEX 14.85 +0.32%
Platinum NYMEX 793.50 -1.39%
Copper COMEX 2.65 +0.72%
Brent Crude Oil NYMEX 61.67 -0.55%
Gasoline NYMEX 1.69 -0.84%
Natural Gas NYMEX 2.36 -0.71%
(WTI) 52.29 USD -0.70%


Rio Tinto
4,773 +0.06%

Anglo American
2,108.5 -0.09%

Glencore
270 -0.75%

(BHP) 1921.9 GBp+0.62%

[turvart] 16/6/2019 00:25

Hey Redneck, post on the other thread I’m not reading your posts, I just glimpse at them, this is going to 5600!

[ariane] 15/6/2019 19:11

psychometricstesting

A fine WordPress.com site

About

The Strengths & Weaknesses of IQ Tests

An intelligence quotient, or IQ, test is a type of standardized test designed to measure a person’s raw intelligence. IQ tests are sometimes used to detect whether children should be put into special education classes or accelerated learning programs. IQ tests can be a valuable tool for assessing intelligence, but they also have several drawbacks and weaknesses.

The main strength of IQ tests is the ability to provide a rough estimate of the raw intellectual ability of a test taker. The results of tests can be used to estimate future performance of test takers, but IQ tests are limited in scope and therefore are not always good predictors of academic or job performance.

One weakness of IQ tests is that designing a test to interpret intelligence presumes that intelligence can be adequately defined and tested by using a simple paper-and-pencil, multiple choice exam. IQ tests often contain logical word problems or problems involving shapes and numbers, but such problems may not necessarily form an accurate picture of intelligence. For instance, a person with a very high IQ score may have no talent for music, while another person with an average IQ score may be musically gifted. A math whiz with with a high IQ might be terrible at creative writing, while a person who is poor in math and has an average IQ might be creatively gifted.

Another failing of IQ tests is the inability to evaluate characteristics that are important to achievement in the world that may not be directly related to IQ scores. For instance, the ability to interact well with others is an essential skill that many consider to be a form of intelligence, but this is not measured by IQ tests. Other important personal characteristics such as motivation to succeed, disposition and self-discipline are also not measured by IQ tests.

Perhaps the most important qualities in terms of employment opportunities are skills and knowledge. Skills and knowledge are learned through study and practice, but these qualities are not tested by IQ tests. Someone can have a genius level IQ but have little actual knowledge or skill, while another person with an average IQ may have spent years educating herself to obtain practical skills and knowledge.

Another problem with IQ tests is that results can vary considerably from one test administration to another. Even a difference of 5 points in the result of an IQ test could move someone from what is considered a low IQ to well within the average range. Another issue is that not all IQ tests are the same and difficulty may vary, meaning that a certain score on one test may not be equivalent to the same score on another.

[turvart] 15/6/2019 14:55

Get off my thread, it's Redneck alert go on your other thread and how Rio is going to 4000 along with Barclays analysis with how they can't even protect their own share price going into free fall.

[the grumpy old men] 15/6/2019 14:24

Adam Smith Institute
National Beer Day in the UK
June 15, 2019
National Beer Day in the UK
Madsen Pirie

The date of June 15th was designated National Beer Day in the UK to celebrate English ale. It was chosen because it was the date on which King John signed and set his seal to the Magna Carta in the meadows at Runnymede.

In the Middle Ages it was a staple drink of England, brewed and drunk everywhere and by all classes. It was drunk at every meal because it was safer than water - alcohol kills germs. Such is our historic acquaintance with it that we have an enzyme, alcohol dehydrogenase (ADH), to help metabolize it. Those who drank beer survived in greater proportion than those who drank water. In the Far East those who drank tea survived because it involved boiling the water. East Asians have a lower alcohol tolerance because they never drank it to survive, and did not inherit the enzyme.

Beer is quintessentially English. It is top fermented, and traditionally finished its fermentation in casks in the cellars of public houses. It contrasts with bottom fermented beers popular in Continental Europe, which include the light coloured pilsners that only became popular un Britain in the second half of the 20th Century.

Before the use of hops gradually became widespread from the 15th Century, an uphopped beer was called an ale, with the term “beer” reserved for those made with hops, and brewers could originally make either, but not both. Magistrates and officials were not interested in limiting the amount produced or the quantity drunk, but in ensuring it was of the appropriate quality and strength. A 1577 survey of pubs in England and Wales, done for tax purposes, lists 14,202 alehouses, 1,631 inns, and 329 taverns, representing one pub for every 187 people. The 1830 Beerhouse Act enabled anyone to brew and sell beer and cider, either from a pub, or from their own home. It led to hundreds of new pubs setting up. It was passed to reduce the excessive consumption of gin, “the quickest way out of Manchester.”

Public Health England has a more Puritan attitude, advising no more that 14 units of alcohol a week. This works out at about 5 pints a week of a cask-conditioned ale. The claim is that by choosing an absurdly low number they will prompt drinkers to limit their consumption, whereas the reality is that people just ignore the recommendation, knowing that it was plucked out of the air with no scientific basis to support it.

There are probably health risks associated with beer, as there are with most things, but there are positive aspects too. Beer promotes social interactions as people drink with friends, and it lowers levels of stress, which is reckoned to be among the causes of early death.

Beer has been part of our culture. It almost certainly sustained the archers who fought at Agincourt, and it was always a feature of what is appropriately named “Merrie England.” The nannies and killjoys disapprove, as they do of everything that brings pleasure, but on National Beer Day, we’ll drink a toast and wish good health to everyone else.

[ariane] 15/6/2019 10:50

The Guardian: The London Metal Exchange has issued a daytime drinking ban for its 120 trading floor members.

will it have a sobering affect on prices

[ariane] 15/6/2019 10:49

The Guardian: The London Metal Exchange has issued a daytime drinking ban for its 120 trading floor members.

will it have a sobering affect on prices

[turvart] 14/6/2019 21:34

I am a mathematics expert and even Waldron will confess Rio has hit the 4800-5000 box, so I have Barclays and Waldron on the run.

[turvart] 14/6/2019 21:28

I was trained by top mathematical experts this world holds on fundamentals and I’m no idiot and I’m proving these muppet shorters wrong.

[grupo guitarlumber] 14/6/2019 19:03

Become an FT subscriber to read:

Rio Tinto reveals government contracts

[turvart] 14/6/2019 19:00

5600, come to Daddy! Bring it on shorters! You are getting taken to the cleaners!

[waldron] 14/6/2019 17:14

Iron Ore104.33 USD -1.96(-1.88%)
Gold COMEX 1,353.20 +0.71%
Silver COMEX 14.90 +0.05%
Platinum NYMEX 806.30 -0.38%
Copper COMEX 2.64 -0.64%
Brent Crude Oil NYMEX 62.19 +1.44%
Gasoline NYMEX 1.72 +1.26%
Natural Gas NYMEX 2.38 +2.54%
(WTI) 52.7 USD +1.23%

Rio Tinto
4,770 -0.75%

Anglo American
2,110.5 -0.05%

Glencore
272.05 -0.35%

(BHP) 1910.9 GBp -0.94%