Rio Tinto Share Discussion Threads

[podgyted] 23/12/2019 06:55

Rio down 1.8% in Oz.

[sarkasm] 21/12/2019 11:55

Rio Tinto awards CPB Contractors three significant contracts

MiningContract

By NS Energy Staff Writer 20 Dec 2019

The projects, worth approximately $150 million, include various earthworks and civil works associated with development of Robe Valley.
mining-excavator-1736289_640

Image: Rio Tinto awards CPB Contractors three significant contracts. Photo: Courtesy of Khusen Rustamov from Pixabay.

CPB Contractors has been selected by Rio Tinto to deliver three separate packages of work at Robe Valley, in the Pilbara region of Western Australia.
The projects, worth approximately $150 million, include various earthworks and civil works associated with development of Robe Valley.

CIMIC Group Chief Executive Officer Michael Wright said: “CIMIC Group companies have a strong track record of delivering significant projects to the iron ore industry. With our decades of experience in the Pilbara we offer major mining clients certainty and confidence in construction, mining and industrial services.”

CPB Contractors Managing Director Juan Santamaria said: “We are pleased to be working on one of the largest and most important mining operations in Australia. CPB Contractors is committed to delivering these projects to the highest safety and quality standards and we’re proud to provide significant training and employment opportunities for local communities and Indigenous enterprises.”

The projects at Robe Valley, located approximately 140 kilometres southwest of Karratha, will involve: earthworks; construction of roads, bridges and pits; water supply infrastructure and drainage; fencing; and site establishment and demobilisation. The projects will be completed by the end of 2021.

The project will require close coordination with Rio Tinto as well as other contractors working on site.

Source: Company Press Release

[waldron] 20/12/2019 17:09

Iron Ore 91.74USD -0.26(-0.28%)
Gold COMEX 1,480.80 -0.24%
Silver COMEX 17.19 +0.21%
Platinum NYMEX 913.70 -2.33%
Copper COMEX 2.80 -0.83%
Brent Crude Oil NYMEX 66.17 -0.56%
Gasoline NYMEX 1.72 +0.47%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 60.5 USD -0.90%

Rio Tinto
4,533 +0.81%

Bhp
1,794 -0.30%

Anglo American
2,144 -1.36%

Glencore
236.65 -1.25%

[waldron] 20/12/2019 16:55

Price (GBX) 4,533.00 Var % (+/-) +0.81% (Up +36.50)

High 4,560.00 Low 4,495.00

Volume 4,358,695 Last close 4,533.00 on 20-Dec-2019

Bid 4,536.00 Offer 4,537.00

[adrian j boris] 20/12/2019 10:22

DO VOLUMES SEEM LOW TODAY


Price (GBX) 4,525.50 Var % (+/-) +0.65% (Up +29.00)
High 4,560.00 Low 4,501.00
Volume 261,803 Last close 4,496.50 on 19-Dec-2019
Bid 4,525.00 Offer 4,526.50

[florenceorbis] 20/12/2019 08:43

Rio Tinto
4,528.5 +0.71%

[waldron] 20/12/2019 08:18

cheers ted

u2


and as per your wish,now over 4500p


take care and enjoy

[podgyted] 20/12/2019 07:10

Vale coming back on line:-



Rio up 1.4% in Oz.

Have a good weekend all.

[la forge] 19/12/2019 22:08

HSBC downgraded its stance on Anglo American and Rio Tinto on Thursday, saying sector valuations were no longer cheap following a strong run in the share prices.

"The strong share price performance and normalising valuations, along with an average declining near-term earnings profile leads us to re-evaluate our views on the UK diversified miners," it said.

"Copper is trading around fundamental support levels following a circa 8% recovery to nearly USD6,200/t (USD2.80/lb) and we believe upside is limited as positioning has already moved and we see the market transitioning to surplus from 2021e.

"While we see near-term iron ore price support, we maintain our view of reducing market tightness in the coming years and for prices to revert back towards marginal cost levels in the mid-USD60s."

The bank downgraded Anglo American and Rio to 'hold' from 'buy', cutting the price targets to 2,300p from 2,350p and to 4,630p from 4,725p, respectively.

It said Anglo and Rio are the two best-performing global diversified miners, up around 30% year-to-date in US dollar terms. HSBC reckoned the shares are fairly valued at current levels, hence the downgrade.

"Our over 10% average forecast annual iron ore price decline in 2020/21e leads to a declining earnings profile, particularly at Rio, and resulting in lower free cash flow generation as capex spending also rises.

"Anglo's more diversified asset base and favourable platinum group metals exposure provides for a more stable earnings profile. These companies are in top shape with robust balance sheets and we expect shareholder returns to remain a key feature. However, we see limited near-term catalysts and upside from current levels."

[la forge] 19/12/2019 22:06

DIRECTOR DEALINGS: Rio Tinto Copper & Diamonds Chief Sells Shares

Thu, 19th Dec 2019 15:17
Alliance News

(Alliance News) - Miner Rio Tinto PLC said Thursday that Arnaud Soirat, chief executive of Copper & Diamonds, sold shares in both Sydney and London.

Soirat sold 5,000 shares in Rio Tinto Ltd at AUD102.24 and 3,000 shares in Rio Tinto PLC at GBP44.68. Together this is worth about GBP400,000.

Rio was quoted at 4,510.50p in London on Thursday afternoon, up 1.0%. The stock closed in Sydney at AUD102.26.

By Tom Waite; [e-mail]

[waldron] 19/12/2019 17:15

Price (GBX) 4,496.50 Var % (+/-) +0.69% (Up +31.00)

High 4,525.50 Low 4,460.50

Volume 4,047,445 Last close 4,496.50 on 19-Dec-2019

Bid 4,493.00 Offer 4,495.00





You got your wish Ted.

podgyted
19 Dec '19 - 08:58 - 2313 of 2314
0 2 0
Feels like a £45 day today. Anyway, delayed as long as I can, off Xmas shopping.

[waldron] 19/12/2019 17:12

Iron Ore 92.00USD 0.01(0.01%)
Gold COMEX 1,482.30 +0.24%
Silver COMEX 17.10 +0.30%
Platinum NYMEX 936.20 +0.05%
Copper COMEX 2.82 +0.39%
Brent Crude Oil NYMEX 66.62 +0.68%
Gasoline NYMEX 1.71 +1.41%
Natural Gas NYMEX 2.26 -0.18%
(WTI) 61.26 USD +0.76%


Rio Tinto
4,496.5 +0.69%

Bhp
1,799.4 +0.10%

Anglo American
2,173.5 +0.23%

Glencore
239.65 +2.33%

[podgyted] 19/12/2019 08:58

Feels like a £45 day today. Anyway, delayed as long as I can, off Xmas shopping.

[podgyted] 19/12/2019 06:29

Rio unchanged in Oz.

[waldron] 18/12/2019 17:02

Iron Ore 91.99USD -0.10(-0.11%)
Gold COMEX 1,479.90 -0.05%
Silver COMEX 17.04 -0.19%
Platinum NYMEX 934.50 +0.51%
Copper COMEX 2.81 -0.28%
Brent Crude Oil NYMEX 66.09 -0.02%
Gasoline NYMEX 1.68 -0.40%
Natural Gas NYMEX 2.26 -2.04%
(WTI) 60.87 USD +0.51%


Rio Tinto
4,465.5 +0.20%

Bhp
1,797.6 +0.10%

Anglo American
2,168.5 -0.87%

Glencore
234.2 +0.86%

[podgyted] 18/12/2019 07:06

Rio down 1% in Oz.

[waldron] 17/12/2019 18:00

Iron Ore 92.09 USD -0.01(-0.01%)
Gold COMEX 1,481.70 +0.08%
Silver COMEX 17.09 -0.13%
Platinum NYMEX 928.70 -0.28%
Copper COMEX 2.81 -0.04%
Brent Crude Oil NYMEX 66.02 +1.04%
Gasoline NYMEX 1.69 +1.07%
Natural Gas NYMEX 2.30 -1.07%
(WTI) 60.84 USD +1.21%

Rio Tinto
4,456.5 +1.05%

Bhp
1,795.8 +0.98%

Anglo American
2,187.5 +0.23%

Glencore
232.2 -0.49%

[waldron] 17/12/2019 17:50

Price (GBX) 4,456.50 Var % (+/-) +1.05% (Up +46.50)

High 4,479.00 Low 4,350.50

Volume 4,512,570 Last close 4,456.50 on 17-Dec-2019

Bid 4,466.50 Offer 4,469.00