Rio Tinto Share Discussion Threads

[philanderer] 27/3/2023 14:05

.....heavily-weighted mining stocks fell after data showed that China’s industrial profits slumped 22.9% in the first two months of the year as the effects of Covid curbs continued to take their toll. Rio Tinto, Anglo American and Antofagasta were all down.

Sharecast

[eggbaconandbubble] 24/3/2023 16:08

'broad' ???

[yump] 23/3/2023 11:16

Ex div was 10th March so too late in hindsight. Of course if the SVB and Credit Suisse and the Fed were known anout in advance….

[wj12] 22/3/2023 15:54

Think we're probably better off selling a few weeks before ex dividend day and buying back in on the drop.

[northernfrank] 22/3/2023 13:10

Getting on my nerves. Has dropped a lot since it went ex div.

[philanderer] 22/3/2023 00:34

US Congressman in bid to ban Rio Tinto from building copper mine on Apache sacred site in Arizona

[eggbaconandbubble] 21/3/2023 16:15

This market is "Doin me 'ed in!"

[philanderer] 21/3/2023 14:32

That's a sharp sell-off for miners in the last 30 minutes.

[tuftymatt] 21/3/2023 07:39

Another future earner 😀👍🏻

[philanderer] 21/3/2023 00:16

Guinea and Rio Tinto resume infrastructure work at Simandou iron mine

The Simandou mine is estimated to hold more than four billion tonnes of ore.

[boystown] 19/3/2023 15:05

M/Star has the yield here at 9.25% - is that right!?

[craftyale] 19/3/2023 09:42

Heres to a better week. The world has become so chaotic.

[tuftymatt] 17/3/2023 14:42

I think I will drown my sorrows tonight spcecks!!

I am going to watch my team play football tomorrow and don't expect much joy from that either 😂

Have a good weekend and let's all hope for better luck next week 👍🏻

[spcecks] 17/3/2023 14:33

tuffymatt you’re not the only one got me also.

[tuftymatt] 17/3/2023 14:29

Another suckers rally this week.

It got me again and I am not specifically talking RIO either!!

[wj12] 17/3/2023 14:15

And down she goes WTF

[eggbaconandbubble] 17/3/2023 09:46

Up, up and away........fingers crossed!

[wj12] 16/3/2023 09:25

Looks like another unsettled day.

[montyhedge] 15/3/2023 22:15

FTThe regulator saying Credit Suisse is fine.https://www.ft.com/content/6a5604a7-881b-455f-83c2-a2e3189c5ea7

[fuji99] 15/3/2023 11:40

Credit Suisse spreading toxicity into the markets. Could be another big bank going down.

[badtime] 15/3/2023 11:17

Sp not happy at all

[tuftymatt] 15/3/2023 08:01

That's great news 👍🏻

[florenceorbis] 15/3/2023 06:17

Rio Tinto begins production from Oyu Tolgoi underground project


By NS Energy Staff Writer 14 Mar 2023

The underground project is an expansion of the existing Oyu Tolgoi mine in Mongolia, which has been producing through open pit operations since 2013



Rio Tinto has commenced production from the Oyu Tolgoi underground project in the Gobi Desert in Mongolia, which has involved an investment of over $7bn.

A ceremony to mark the milestone was attended by Mongolian Prime Minister Luvsannamsrain Oyun-Erdene and Rio Tinto chief executive Jakob Stausholm.

Rio Tinto holds a 66% stake in Oyu Tolgoi, while the remaining 34% is held by Erdenes Oyu Tolgoi, on behalf of the Mongolian government.

In January 2022, the parties ended a long-running dispute over the project and reached an agreement to reset their relationship and proceed with the Oyu Tolgoi underground expansion.

Rio Tinto said that 30 drawbells have been blasted and copper is currently being drawn from the underground mine.

Oyun-Erdene said: “I am proud to celebrate this major milestone with our partner Rio Tinto as we look towards Mongolia becoming one of the world’s key copper producers. The start of underground production at Oyu Tolgoi demonstrates our ability to work together with investors in a sustainable manner and become a trusted partner.

“The next phase of the partnership will enable the continued successful delivery of Mongolia’s ‘New Recovery Policy’ and Vision 2050 economic diversification strategy. Mongolia stands ready to work actively and mutually beneficially with global investors and partners.”

The Oyu Tolgoi underground project is an expansion of the existing Oyu Tolgoi copper and gold mine, which has been producing through open pit operations since 2013.

Through both open pit and underground operations, the Mongolian project is estimated to produce nearly 500,000 tonnes of copper per annum on average from 2028 to 2036. This will be adequate copper to help produce nearly six million electric vehicles annually.

The expansion project will result in an average of about 290,000 tonnes over the reserve life of nearly 30 years at the mine.

Ore from the underground project is presently being processed from Panel Zero in Hugo North Lift 1. Production is expected to be ramped up over the coming years, said Rio Tinto.

Stausholm said: “We are starting underground production 1.3 kilometres beneath the remote Gobi desert from an ore body that will be critical for global copper production and Mongolia’s ongoing economic development.

“The copper produced in this truly world class, high technology mine will help deliver the electrification needed for a net zero future and grow Rio Tinto’s copper business.”