Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  87.00 2.11% 4,216.50 4,214.00 4,215.50 4,228.50 4,150.00 4,163.00 1,546,688 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 31,775.7 14,245.8 622.0 7.0 55,004

Rio Tinto Share Discussion Threads

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DateSubjectAuthorDiscuss
14/6/2019
05:56
Why the Rio Tinto share price is outperforming with the sector today Brendon Lau | June 14, 2019 | More on: BHP FMG RIO Race Many of the big ASX miners are outperforming the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index this morning after the price of iron ore hit a five-year high. The Platts Iron Ore Index, or IODEX, jumped to $US110.20 a tonne and has gained more than 50% since January, according to the Australian Financial Review. This pushed the Rio Tinto Limited (ASX: RIO) share price up nearly 2% to $103.82 this morning, while the BHP Group Ltd (ASX: BHP) share price added 1.1% to $40 and the Fortescue Metals Group Limited (ASX: FMG) share price surged 4.6% to $8.73. Iron ore in a seller’s market Worries about the supply of mainstream iron ore fines are reported to be behind the latest price surge and traders are expecting tight supply in July and August. It’s a seller’s market – at least in the short-term with some analysts predicting the price of the commodity could jump to US$120 a tonne by August. The strength of the steel making ingredient is defying the gloom cast over the Chinese economy from the ongoing trade spat between the US and China. This is largely based on two factors. The Chinese government may step up infrastructure construction to offset the slowing economy and that means greater demand for steel. The other factor is that profit margins for Chinese steel mills are still reasonably healthy. These mills will keep buying iron ore to produce steel as long as they can make a buck! Risk of a price correction in the second half But not everyone is a bull. Some analysts, including those from Citigroup, point out that profit margins of these mills are under pressure and have become razor thin in recent times and that the supply of residential property is outstripping demand, which leads to a real risk that steel production could fall in the second half of this calendar year. This isn’t a given so it’s probably a little premature to be selling off all your holdings in iron ore stocks. The high price of the commodity also gives me some comfort as it provides room for a fall without necessarily triggering a consensus profit downgrade cycle for these stocks. Foolish takeaway Many analysts have assumed an iron ore price that’s materially under US$100 a tonne, so even if the ore price were to fall 20% from its expected peak, that shouldn’t impact much, if at all, on share valuations. On the flipside, if iron ore prices stay higher for longer (and it seems to have a bit of a history of remaining stubbornly high) or if it only dips modestly, shares in our major iron ore producers can enjoy a consensus profit upgrade instead. But iron ore stocks aren’t the only group with a promising outlook. The experts at the Motley Fool have uncovered some gems that are well placed to outperform in 2019.
the grumpy old men
13/6/2019
16:05
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 106.29 USD 3.30(3.10%) Gold COMEX 1,342.80 +0.45% Silver COMEX 14.87 +0.79% Platinum NYMEX 809.60 -0.11% Copper COMEX 2.66 +0.13% Brent Crude Oil NYMEX 61.51 +2.57% Gasoline NYMEX 1.69 +1.71% Natural Gas NYMEX 2.34 -1.60% (WTI) 52.58 USD +2.68% Rio Tinto 4,806 +1.98% Anglo American 2,111.5 +1.93% Glencore 273 +1.28% (BHP) 1931.3 GBp +1.19%
waldron
13/6/2019
16:05
chuckle your wish came true ted
waldron
13/6/2019
14:54
Go on, £48 - you know you want to!
podgyted
13/6/2019
13:34
Https://www.alcircle.com/news/rio-tinto-discloses-further-information-on-its-worldwide-tailings-facilities-47142 Rio Tinto discloses further information on its worldwide tailings facilities Category General Date 12-Jun-2019 Source AlCircle Edited By Beethika Biswas Rio Tinto has disclosed additional information in relation to its global tailings facilities in its website in line with its commitment to disclose information about its practices. Rio Tinto, in its website, defines tailings as “residues created as part of mining, refining, smelting and water treatment processes. These processes are never 100 per cent efficient, nor is it possible to reclaim all reusable and expended processing chemicals. Tailings are discharged – normally as slurry – to a storage facility, where water is subsequently recovered and recycled back into the operation.” It covers red mud or bauxite residues, spent potlining (SPS), anode butts and other process residues under Rio Tinto’s aluminium operations. Queensland Alumina Limited (QAL) Red Mud Dam The latest information disclosure follows the detailed information provided on the company's global tailings facilities in February 2019. Rio Tinto has now released information about the construction, management and monitoring of facilities, including independent reviews. All Rio Tinto managed facilities are subject to three levels of governance and assurance: First level of assurance takes place at the asset itself during the facility design stage and operational stage. Independent reviews of the operations are conducted at least every two years. Second level is assurance to the Rio Tinto Standard through periodic Business Conformance Audits and Technical Reviews Third level of assurance is independent of site management and normally conducted by third parties All Rio Tinto managed facilities have an external engineer of record or design engineer. Some of the previously disclosed information has been updated according to the guidance from the International Council on Mining & Metals (ICMM). All facilities have been given a hazard classification in accordance with the regulatory or industry body that oversees tailing facilities. Rio Tinto has active tailings storage facilities at 26 sites worldwide. The company also has a further five non-managed operational sites and 12 closed and legacy sites.
ariane
12/6/2019
17:07
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 102.99USD 0.23(0.22%) Gold COMEX 1,337.10 +0.44% Silver COMEX 14.77 +0.17% Platinum NYMEX 813.20 -0.14% Copper COMEX 2.66 -0.62% Brent Crude Oil NYMEX 61.04 -2.01% Gasoline NYMEX 1.68 -2.44% Natural Gas NYMEX 2.37 -0.92% (WTI) 51.86 USD -1.63% Rio Tinto 4,712.5 +0.34% Anglo American 2,071.5 +0.63% Glencore 269.55 -0.50% (BHP) 1907.8 GBp +0.72%
waldron
12/6/2019
10:30
Rio Tinto : further details on tailings facilities share with twitter share with LinkedIn share with facebook share via e-mail 0 06/12/2019 | 09:24am BST Rio Tinto releases further details on tailings facilities 12 June 2019 Rio Tinto has today disclosed additional information in relation to its global tailings facilities at http://www.riotinto.com/tailings. The latest disclosure builds on the detailed information provided on each of the company's global tailings facilities on 20 February 2019, when Rio Tinto also published its Group Procedure and its Standard for 'Management of tailings and water storage facilities', which was introduced in August 2015. In line with the company's commitment to disclose further detail over time, Rio Tinto has now provided additional information about the construction, management and monitoring of facilities, including independent reviews. All Rio Tinto managed facilities are subject to three levels of governance and assurance: · First level of assurance takes place at the asset itself with the main tenets being effective facility design, comprehensive operational controls and regular reviews. Independent reviews of the operations must be conducted at least every two years. · Second level is assurance to the Rio Tinto Standard through periodic Business Conformance Audits and Technical Reviews, supported by Rio Tinto's Surface Mining Centre of Excellence. · Third level of assurance is independent of site management and normally conducted by third parties. All Rio Tinto managed facilities, whether active or inactive, have an external engineer of record or design engineer. In order to align with guidance from the International Council on Mining & Metals (ICMM)some of the information previously disclosed has been updated. This includes limiting the status classifications of facilities to 'active', 'inactive' or 'closed', and ensuring the construction method specified describes the most recent type of embankment raise on the facility. In addition, following a comprehensive review of Rio Tinto's global operations by the company's technical teams, some facilities have been reclassified resulting in some tailings facilities being added to the list and others being removed. All facilities have been given a hazard classification in accordance with the regulatory or industry body that oversees tailings in each region or jurisdiction. Hazard classifications are not a judgment on the condition of a facility or the likelihood of failure but on the potential consequence if there were to be a failure. Full details of all Rio Tinto tailings and water storage facilities are available at www.riotinto.com/tailings. media.enquiries@riotinto.com riotinto.com Follow @RioTinto on Twitter
sarkasm
12/6/2019
05:36
enjoy yer day ted
waldron
11/6/2019
21:57
THE ABOVE US$ 70 very optimistic, which might equal a gbp target of 5823p Mean consensus HOLD Number of Analysts 27 Average target price 58,6 $ Last Close Price 57,5 $ Spread / Highest target 24% Spread / Average Target 1,8% Spread / Lowest Target -37%
sarkasm
11/6/2019
16:08
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 102.76 USD 3.50(3.41%) Gold COMEX 1,329.70 +0.03% Silver COMEX 14.74 +0.66% Platinum NYMEX 811.90 +0.83% Copper COMEX 2.67 +0.23% Brent Crude Oil NYMEX 62.33 +0.06% Gasoline NYMEX 1.71 +0.70% Natural Gas NYMEX 2.36 +0.30% (WTI) 53.38 USD +0.13% Rio Tinto 4,696.5 +2.39% Anglo American 2,058.5 +2.44% Glencore 270.9 +2.25% (BHP) 1896.8 GBp +2.42%
waldron
11/6/2019
08:01
Rio Tinto 4,685 +2.14% thanks podgyted
waldron
11/6/2019
07:55
cheers ted
the grumpy old men
11/6/2019
05:19
Rio Tinto provides $1 million for Indigenous education in Pilbara June 11, 2019News Alex Gluyas Latest News Mining companies held accountable for tailings facilities BHP ramps up exploration technology with Southern Innovation Sheffield moves to produce more zircon from Thunderbird Top five mining stories last week Rio Tinto has supported the Graham (Polly) Farmer Foundation (GPFF) and Western Australia’s minister for education and training in opening the Karratha science, technology, engineering and maths (STEM) centre for Indigenous students in the Pilbara. The centre will enhance training and employment opportunities while also aiming to encourage children to choose science, mathematics and technological pathways required for future jobs. Rio Tinto is a sole partner of the Karratha STEM centre, investing almost $1 million in the project over a five-year period. Tambrey Primary School will be home to a new program developing STEM skills for primary students through activities like robotics, gaming and coding. Children will be selected from primary schools in the Karratha area who must demonstrate academic aptitude in maths and science, and a commitment to their education. The program consists of hands-on, problem-based learning activities where children are able to link their knowledge and experience to real world issues. Learning is based on the STEM laboratory and extends to educational trips and time spent with the GPFF’s STEM Centre in Wickham and learning club in Roebourne. Rio Tinto vice president of corporate relations Australia, Brad Haynes said the company was “committed to supporting community programmes to enhance the educational opportunities and outcomes for young Indigenous people. “We’re proud to support educational initiatives that encourage learning from early childhood and we’re actively supporting STEM pathways with our education partners- for us, we believe strongly in helping to build capacity in future generations by making STEM accessible for everyone,” he said. Chief executive officer of GPFF, Cate Sims praised Rio Tinto for its contribution to the program. “For over 23 years the GPFF has striven to empower Aboriginal students through education,” she said. “Thanks to Rio Tinto’s ongoing support, the STEM Centre offers students a rich variety of interactive science and maths resources and activities and equips them to pursue a wide range of science related careers in the future.” To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox.
grupo guitarlumber
10/6/2019
15:57
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 99.26USD 1.48(1.49%) Gold COMEX 1,333.10 -0.97% Silver COMEX 14.72 -2.10% Platinum NYMEX 806.90 +0.10% Copper COMEX 2.66 +1.18% Brent Crude Oil NYMEX 62.63 -1.04% Gasoline NYMEX 1.71 -0.36% Natural Gas NYMEX 2.35 +0.69% (WTI) 53.82 USD -1.08% Rio Tinto 4,587 +1.52% Anglo American 2,009.5 +1.81% Glencore 264.95 +1.55% (BHP) 1853.6 GBp +1.61%
waldron
10/6/2019
15:03
Https://markets.businessinsider.com/commodities/iron-ore-price
waldron
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