Rio Tinto Share Discussion Threads

[grupo] 08/3/2021 16:53

Rio Tinto PLC will build a new plant at its Kennecott copper mine near Salt Lake City to recover tellurium, a mineral used in solar panels.

The U.K.- and Australia-listed miner said it is investing $2.9 million to set up the plant, which will recover tellurium as a byproduct of copper smelting, thereby extracting a valuable mineral from waste streams. The plant will have a capacity to produce about 20 metric tons of tellurium a year, it said.

Rio Tinto said it expects to begin production of tellurium in the fourth quarter, creating a new North American supply chain for an essential component of cadmium telluride, a semiconductor used to manufacture thin film photovoltaic solar panels. It also can be used as an additive to steel and copper to make the metals easier to cut and can be added to lead to increase resistance to sulfuric acid, vibration and fatigue.

Kennecott's smelting process also recovers gold, silver, lead carbonate, platinum, palladium and selenium. The company's production from Kennecott was 140,000 tons last year, down 25% from 2019 due to lower grades in part of the operation and changes in mining sequencing.

"The minerals and metals we produce are essential to accelerate the transition to renewable energy," Rio Tinto Kennecott Managing Director Gaby Poirier said. "Adding tellurium to our product portfolio provides customers in North America with a secure and reliable source of tellurium produced at the highest environmental and labour standards with renewable energy."



Write to Robb M. Stewart at [e-mail]



(END) Dow Jones Newswires

March 08, 2021 11:17 ET (16:17 GMT)

[waldron] 08/3/2021 07:19

European stocks head for higher open with progress of U.S. stimulus package in focus

Published Mon, Mar 8 20211:08 AM EST

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open higher Monday, buoyed by positive U.S. sentiment as the U.S.′ Covid relief bill is expected to be approved by the House of Representatives later this week.

London’s FTSE is seen opening 47 points higher at 6,670, Germany’s DAX 52 points higher at 13,973, France’s CAC 40 up 33 points at 5,813 and Italy’s FTSE MIB up 183 points at 23,138, according to IG.

[turvart] 06/3/2021 15:05

Podgy Ted he sipped beer that much that he fell asleep and forgot that he needed to buy back Rio at 5600!

[turvart] 06/3/2021 15:05

Podgy Ted he sipped beer that much that he fell asleep and forgot that he needed to buy back Rio at 5865.

[turvart] 06/3/2021 15:00

Everyone who knows Podgyted knows that he is a big bloke and he sipps beer with Rio Dividends!

[maywillow] 05/3/2021 07:38

Dominic O'Kane from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price is reviewed upwards from GBX 6940 to GBX 7750.

[podgyted] 04/3/2021 17:14

More beer called for !!!!

[wad collector] 04/3/2021 09:26

Div $4.64 forex 1.39 = £3.33
Currently down £4.30

[waldron] 04/3/2021 07:30

European markets set for lower open as bond moves wobble global stocks

Published Thu, Mar 4 20212:08 AM ESTUpdated Thu, Mar 4 20212:20 AM EST

Elliot Smith
@ElliotSmithCNBC



Key Points

Last week, the U.S. 10-year yield surged to a high of 1.6% in a move that some described as a “flash” spike, but which sparked fears about stock valuations and rising inflation.

It’s another busy day for earnings in Europe, with Thales, Lufthansa, Merck, ProSiebenSat.1 and Aviva among those reporting before the bell.

Lufthansa posted a smaller-than-expected net loss in the fourth quarter but saw a full-year loss of 6.7 billion-euro ($8.1 billion) in 2020.

European markets are heading for a lower open Thursday as a rise in bond yields saw jitters return to global stocks once again.

Britain’s FTSE 100 is seen around 67 points lower at 6,608, Germany’s DAX is set to fall by around 118 points to 13,662 and France’s CAC 40 is expected to open around 41 points lower at 5,789, according to IG data.

[wad collector] 03/3/2021 09:59

Must be a bit galling for the Chairman to watch the share price move to a new high as the news of your resignation is announced!
Guess he won't be too upset as he counts his options though....

[maywillow] 02/3/2021 09:53

Rio Tinto plans to dispute USD280 million tax bill in Australia

Tue, 2nd Mar 2021 09:21
Alliance News

(Alliance News) - Rio Tinto PLC said Tuesday it will dispute amended assessments brought forward by the Australian Taxation Office.

The tax office has issued the miner with amended assessments of AUD359.4 million - around USD279.8 million - primary tax and AUD47.1 million of interest.

This is on top of more than AUD8.4 billion of Australian income tax paid during the same period, the company highlighted.

"The assessments relate to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. This borrowing was repaid in 2018. Borrowing to fund the payment of a dividend is a normal commercial practice. Rio Tinto is confident of its position and will dispute the assessments," the miner explained.

In line with its usual practice, Rio will pay 50% of the primary tax upfront as part of the objections process, it said.

Last month, Rio Tinto declared a record final dividend as it shrugged off controversy and Covid-19 to post a hefty profit rise for 2020.

Revenue in 2020 was up 3.3% to USD44.61 billion from USD43.17 billion. Its pretax profit surged 38% to USD15.39 billion from USD11.12 billion.

With a 309 US cents final ordinary dividend and 93 cents special dividend, the miner raised its annual dividend by 26% to 557.0 cents from 443.0 cents.

For Rio Tinto, 2020 will be best remembered for the outcry and regulatory scrutiny that followed the miner blowing up a 46,000-year-old Aboriginal heritage site to expand the Pilbara iron ore mine in Western Australia. Following the incident, which took place in May, Jean-Sebastian Jacques resigned as chief executive, replaced by Jakob Stausholm, who had been chief financial officer.

Rio Tinto shares were down 0.1% at 6,299.00 pence in London early Tuesday.

By Tom Waite; [e-mail]

[la forge] 02/3/2021 08:30

Rio Tinto PLC said Tuesday that it has been issued with an amended tax bill of 359.4 million Australian dollars ($279.3 million) of primary taxes and A$47.1 million of interest by the Australian Taxation Office.

The world's second-biggest mining company by market value said it is confident of its position and it will dispute the assessments, and that in accordance with its usual practice it will pay 50% of the primary tax upfront as part of the objections process.

The assessments relate to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015, which was repaid in 2018, the company said.

Rio Tinto said that borrowing to fund the payment of a dividend is a normal commercial practice.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

March 02, 2021 02:42 ET (07:42 GMT)

[waldron] 02/3/2021 07:04

European markets head for lower open, in retreat mode after Monday's rally

Published Tue, Mar 2 20211:05 AM EST

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open in negative territory on Tuesday, retreating from gains made in the previous trading session.

London's FTSE is seen opening 21 points lower at 6,558, Germany's DAX down 55 points at 13,943, France's CAC 40 down 16 points at 5,777 and Italy's FTSE MIB 81 points lower at 23,170, according to IG.

[podgyted] 01/3/2021 20:45

Likewise W.

[waldron] 01/3/2021 07:57

enjoy yer week ted

chuckle and cheers

take care

[waldron] 01/3/2021 07:56

European markets set to jump at the open, following global markets higher

Published Mon, Mar 1 20211:10 AM EST

Holly Ellyatt
@HollyEllyatt


Key Points


European stocks are expected to open higher on Monday as global markets rally on falling U.S. Treasury yields and boosted by positive news on the vaccine front.

London's FTSE is expected to open 70 points higher at 6,533, Germany's DAX 122 points higher at 13,881, France's CAC 40 up 55 points at 5,746 and Italy's FTSE MIB up 83 points at 22,958, according to IG.

[sogoesit] 28/2/2021 18:25

Was doing some dividend "trawling" (i.e. selling one asset to buy another, correlated, asset and collect both dividends) research this weekend and noticed that RIO on ASX currently trades at about a 12% premium to the London and ADR shares.
Surprising arbitrage opportunity in the markets!
(Way in excess of any forex risk or daily time-zone mismatch in my view).

[turvart] 28/2/2021 00:09

That's why your Podgy! your sip beer all day counting your Rio shares! You relax because you know your in good hands with Rio.

[turvart] 27/2/2021 23:56

Rio will be well over £100 share price within the next 2 years, that J P Morgan target will get taken out well before summer 2021.