Rio Tinto Share Discussion Threads

[podgyted] 20/8/2020 22:42

I always prefer to listen to the experts:-

[podgyted] 20/8/2020 07:16

Rio down 0.5% in Oz

[waldron] 20/8/2020 07:03

Dow futures drop 200 points after the Fed highlights economic uncertainty

Published Wed, Aug 19 20206:05 PM EDT

Updated 3 Hours Ago

Thomas Franck
@tomwfranck

[waldron] 20/8/2020 06:54

European markets set to fall after Fed flags uncertainty of U.S. recovery

Published Thu, Aug 20 20201:11 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

Minutes released Wednesday from the FOMC’s last monetary policy meeting showed that central bank policymakers see the U.S. recovery from the coronavirus-induced downturn as “highly uncertain.”

Geopolitical tensions remain on the agenda after U.S. Secretary of State Mike Pompeo warned Russia and China not to contravene the reimposition of UN sanctions on Iran

European stocks are set to open sharply lower after the U.S. Federal Reserve struck a pessimistic tone over the country’s economic recovery prospects.

Britain’s FTSE 100 is seen falling around 82 points to 6,030, Germany’s DAX is expected to tumble by around 168 points to 12,809 and France’s CAC 40 is set to drop by around 75 points to 4,902, according to IG data.

[podgyted] 20/8/2020 01:44

Further record prices for iron ore being reported.

Rio in Oz is still drifting in spite of this - down 1% as I write.

Highly tempted at the mo.

[la forge] 19/8/2020 09:00

Mining
Oliver Haill

07:43 Wed 19 Aug 2020

Rio Tinto cuts copper guidance after Utah smelter breaks down

The smelter is expected to be out of action for another two months

Rio Tinto PLC (LON:RIO) has cut its refined copper guidance for the year after problems with a smelter at its Kennecott mine near Salt Lake City, Utah.

The mine has experienced delays to the restart of the smelter “due to unexpected issues that appeared following planned maintenance”, the FTSE 100 mining giant said in a brief statement.

With the smelter expected to be out of action for another two months, Rio has reduced its guidance for group copper production this year to 135,000-175,000 tonnes from 165,000-205,000 tonnes.

Rio said its local team was working with customers to limit disruptions.

Kennecott, which has been mining and processing minerals from the Bingham Canyon mine since 1903, was hit by a 5.7-magnitude earthquake close to the town of Magna earlier this year.

Proactiveinvestors

[podgyted] 19/8/2020 07:24

RNS on copper.

"Update on refined copper guidance



19 August 2020



Rio Tinto's Kennecott mine in Utah has experienced delays to the restart of the smelter due to unexpected issues that appeared following planned maintenance. We are working closely with our customers to limit any disruptions and expect to have the smelter fully operational in two months. As a result, Rio Tinto group production guidance for refined copper in 2020 is now 135 to 175 kt (previously 165 to 205 kt)."

I make that close to $200m at current prices.

[grupo guitarlumber] 19/8/2020 07:21

08/18/2020 | 09:41pm BST

By David Winning

SYDNEY--Rio Tinto PLC downgraded its guidance for annual production of refined copper following setbacks at its Kennecott mine in Utah.

Rio Tinto said it now expects to produce between 135,000 and 175,000 metric tons of copper in the 12 months through December, down from an earlier forecast of 165,000-205,000 tons.

Rio Tinto said it has experienced delays to the restart of the smelter at the Kennecott operation, citing "unexpected issues that appeared following planned maintenance."

"We are working closely with our customers to limit any disruptions and expect to have the smelter fully operational in two months," Rio Tinto said.



Write to David Winning at [e-mail]

[podgyted] 19/8/2020 07:14

Iron ore peaks again - prices in excess on the Vale damn peaks of last year:-



Rio currently down 0.2% in Oz

[waldron] 19/8/2020 06:46

European markets set to open slightly higher after record highs on Wall Street

Published Wed, Aug 19 202012:49 AM EDT

Ryan Browne
@Ryan_Browne_

Key Points

Britain’s FTSE is seen climbing 14 points to 6,083, Germany’s DAX up by 21 points at 12,881 and France’s CAC rising 11 points to 4,940.

The S&P 500 rose to an all-time high Tuesday, wiping out all its losses from the market sell-off caused by the coronavirus pandemic.

On the earnings front, Maersk, the world’s largest container shipping line, is due to report its second-quarter results on Wednesday.

[podgyted] 18/8/2020 07:34

Rio up 1.1% in Oz

[waldron] 18/8/2020 07:23

European markets set to open lower as U.S.-China tensions weigh

Published Tue, Aug 18 20202:07 AM EDT

Ryan Browne
@Ryan_Browne_

Key Points

The Trump administration has moved to further tighten restrictions on Huawei by effectively cutting the Chinese firm off from foreign-made chips produced using U.S. technology.

Maersk, the world’s largest container shipping firm, reports results on Tuesday.

European stocks are set to start Tuesday’s session in the red, as tensions between the world’s two largest economies put investors on edge.


Britain’s FTSE 100 index was seen falling 25 points to 6,110, Germany’s DAX down 38 points at 12,902 and France’s CAC lower by 14 points at 4,965, according to IG index data.

[poikka] 17/8/2020 15:26

Rio up in UK...

[podgyted] 17/8/2020 07:35

Rio down 0.4% in Oz.

[waldron] 17/8/2020 06:49

Stock futures rise as S&P 500 tries to build on last week’s gains and reach all-time high

Published Sun, Aug 16 20206:00 PM EDTUpdated 14 Min Ago

Fred Imbert
@foimbert

[waldron] 17/8/2020 06:45

European markets head for mixed open amid coronavirus and geopolitical tensions

Published Mon, Aug 17 20201:11 AM EDT

Holly Ellyatt
@HollyEllyatt

Key Points

London’s FTSE is seen unchanged at 6,089, Germany’s DAX 12 points lower at 12,891, France’s CAC 40 down 7 points at 4, 962 and Italy’s FTSE MIB 26 points higher at 20,002, according to iG.

The ambivalent start to the week for markets comes as their Asian counterparts traded mixed overnight as tensions between the U.S. and China continue to weigh on investor sentiment.

[waldron] 15/8/2020 07:00

Gold COMEX 2,032.40 +0.00%
Silver COMEX 26.09 +0.00%
Platinum NYMEX 976.80 +0.00%
Copper COMEX 2.92 +0.00%
Brent Crude Oil NYMEX 44.80 +0.00%
Gasoline NYMEX 1.48 +0.00%
Natural Gas NYMEX 2.79 +0.00%
(WTI) 42.2 USD -0.52%

FTSE 100
6,090.04 -1.55%
Dow Jones
27,931.02 +0.12%
CAC 40
4,962.93 -1.58%
SBF 120
3,929.53 -1.56%
Euro STOXX 50
3,305.05 -1.31%
DAX
12,901.34 -0.71%
Ftse Mib
20,028.11 -1.13%


Rio Tinto
4,705.5 -0.99%



Bhp
1,816 -0.49%



Anglo American
1,879.2 -2.02%



Glencore
170.52 -3.19%

[waldron] 14/8/2020 07:26

cheers ted

[podgyted] 14/8/2020 07:19

Rio down 0.6% in Oz.

Good weekend all.

[waldron] 13/8/2020 08:03

European markets head for lower open ahead of U.S. jobless claims data
Published Thu, Aug 13 20201:21 AM EDT
Holly Ellyatt
@HollyEllyatt
Key Points

European stocks are expected to open in negative territory Thursday.
The latest U.S. jobless claims data are out Thursday.
London's FTSE is seen opening 40 points lower at 6,226, Germany's DAX 12 points lower at 13,056, France's CAC 40 down 13 points at 5,065 and Italy's FTSE MIB down 31 points at 20,355, according to IG.

[the grumpy old men] 12/8/2020 15:19

DIRECTOR DEALINGS: Rio Tinto Iron Group Chief Sells AUD1 Million Worth

Wed, 12th Aug 2020 13:08
Alliance News

Rio Tinto PLC - London-based miner - Chris Salisbury, chief executive of Iron Ore product group, sells 11,000 shares at AUD104.30, worth AUD1.1 million, about GBP628,500, on Thursday last week.

Current stock price: 4,774.00 pence

Year-to-date change: up 6.0%

By Tom Waite; [e-mail]