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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rio Tinto Plc | RIO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -17.00 | -0.32% | 5,371.00 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5,425.00 | 5,373.00 | 5,434.00 | 5,371.00 | 5,388.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 26/2/2024 17:57 by philanderer Market report.On the decline, shares in miners ended lower on some more sobering news from China, which is a major buyer of minerals. Anglo American gave back 3.3%. Moody’s Investors Service on Friday delivered a fresh blow to the ailing Chinese property market, withdrawing ratings on 10 companies exposed to the sector. The credit ratings agency said it had made the decision for what it called ‘business reasons’. |
Posted at 21/2/2024 11:40 by anhar Divi is in sterling calculated in advance ie: Final 2022 185.35p 2023 203.77p a 10% increase correct me if I am wrongI originally wrote: It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD. I'm sure you're right but my figures are correct for the annual total, not just the final. Personally as an income investor it's the annual payout comparisons that are more relevant for me than isolated interim or final divis, esp. with miners whose payments fluctuate so much. Also, the annual figures are needed for yield calculation. The actual annual figures are: 2023 US¢ 435 2022 US¢ 492 reduction 11.6% 2023 UKp 341.44 2022 UKp 406.98 reduction 16.1% |
Posted at 21/2/2024 10:20 by anhar ...Even with currency changes I don't think this is an increase in sterling terms.It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD. As a very long term hold income investor this is disappointing but not unexpected due to falling commodity prices. Holding miners in my income port means accepting fluctuating, rather than progressive, divis but I'm willing to live with that for the diversification. Taken over many years shares like RIO and BHP have delivered attractive income for me, on balance. |
Posted at 08/12/2023 00:41 by philanderer Jefferies reaffirms its 'buy' recommendation and 6,500 pence price target on Rio Tinto, following an investor meeting at which the company emphasized its potential for operational progress and long-term organic growth.Forecast volumes reflect some growth in 2024 in most segments, with copper organic growth expected to be the strongest. Capital expenditure is expected to rise to $10 billion a year over the next three years', it says. |
Posted at 19/8/2023 12:16 by misca2 7% dividend yields! 2 FTSE 100 shares I’m considering buying following the recent mini-crashThese FTSE 100 shares offer spectacular all-round value. Here’s why I’m aiming to snap them up for my portfolio when I next have cash to invest. Royston Wild❯ Published 19 August, 7:31 am BST As a value investor I’m always looking for opportunities to buy beaten-down bargains. So a sudden fall in the value of many FTSE 100 shares in recent days has grabbed my attention. Mounting concerns over China’s economy have driven the FTSE’s fresh decline. But I’m confident that the index will eventually recover, and that individuals who invested at current levels could make a packet. It’s a strategy that billionaire investor Warren Buffett has used to build his incredible wealth. The past isn’t always a reliable guide to what comes next. However, history shows us that economic crises come and go, and that stock markets always bounce back strongly following periods of weakness. With this in mind, here are two FTSE 100 stocks I’m thinking of buying today. I believe they could soar in value over the next decade. 1. Rio Tinto Property firm Evergrande’s claim for US bankruptcy protection shook the share prices of mining stocks again last week. The application has reignited fears over China’s property sector and darkened the outlook for future commodities demand. Rio Tinto (LSE:RIO) is one of many metals producers whose share prices have toppled in the gloom. The company’s reliance on iron ore — a key steelmaking ingredient — to drive profits leaves it especially vulnerable to a construction industry collapse. But at current prices I still find the FTSE share very attractive. Not only does it trade on a forward price-to-earnings (P/E) ratio of 8.6 times, it also carries a mighty 7% dividend yield at a current price of £45.65. At these levels, I think the threat of a sharp slowdown in Chinese commodities demand is baked in. In fact, continued monetary support from Beijing suggests that a painful downturn could be averted altogether. I think Rio Tinto shares are attractive for long-term investors like me. As the green economy takes off, demand for industrial metals could rise strongly over the next decade. Rapid emerging market urbanisation and rising digitalisation could also push commodities consumption skywards, pulling Rio’s share price with it. |
Posted at 24/5/2023 15:01 by waldron Philip Whiterow13:33 Wed 24 May 2023 Rio Tinto offers 'compelling' opportunity for the long term, suggests Jefferies Rio Tinto, BHP and Vale share prices all reflect iron ore prices way below current spot levels, according to broker Jefferies, which concludes the three mining giants look good value as a result. Markets currently are pricing in a benchmark iron ore price of US$81.37/t, it says, which compares to a spot price of US$99.05 and Jefferies' own long-term forecast of US$90/t. “Chinese demand weakness is a near-term risk and valuation alone is not a catalyst for mining share prices to go higher. “But our analysis indicates that shares of Rio, BHP, and Vale are trading at compelling levels now,” it said. Using an enterprise value/underlying profit [EBITDA] ratio as a tool, the US bank estimates Rio is pricing in an iron price of US$81/t (on a 5.5x ratio), BHP is at US$86/t (6.5x) and Vale US$77 (at 5x). Jefferies emphasises, however, that these are long-term forecasts, adding that it is “concernedR However, “If iron ore mining share prices are discounting a scenario more bearish than the outlook we envision, then our recommendation would be to buy these shares now before the iron ore price recovers. “Yes, there will be near-term risks, but the opportunity for longer-term value investors could be now.” Proactive |
Posted at 17/4/2023 14:17 by grupo guitarlumber MINING.COMTeck attracts bids from Vale, Anglo American and Freeport Cecilia Jamasmie | April 17, 2023 | 4:49 am Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK) is said to have been approached by Vale (NYSE: VALE), Anglo American (LON: AAL) and Freeport-McMoRan (NYSE: FCX) on potential deals for the Canadian miner’s base metals business if shareholder approve a planned split. The three global miners are among at least six companies that have expressed interests in transactions with Teck post-split, local paper The Globe and Mail reported on Sunday, citing sources close to the matter. The Vancouver-based company, which is Canada’s largest diversified miner, proposed in February spinning off its steelmaking coal business to focus on base metals, particularly copper and zinc. Swiss commodity trader and mining company Glencore Plc (LON: GLEN) launched a hostile $23.1 billion takeover of Teck, which has been sweetened since then to entice Teck’s shareholders initially opposed to the idea of being exposed to a larger coal portfolio. The revised proposal gives Teck’s shareholders who do not want to own shares in the combined coal operation the option to receive cash plus 24% of the combined metals-focused business. On Sunday, former chairman Norman Keevil, whose family controls Teck through its ownership of the majority of the company’s ‘A’ class of shares, reiterated his arguments against the takeover. “As there has been much media commentary regarding my views on the future of Teck, I would like to provide a clear statement of my perspective,” he said. “My colleagues and I are proud of what we achieved through 30 years of building Teck, growing the company 500-fold from a $25 million market cap to $12.6 billion, with double-digit compounded growth in shareholder value, and continuing growth in recent years to $25 billion today,” he added. Keevil clarify he would support a transaction — be an operating partnership, merger, acquisition, or sale – with the “right partner”, on the “right terms” for Teck Metals after separation. Teck’s chairman emeritus added that Glencore’s proposal was “the wrong one, as well as at the wrong time” and the split should go ahead. With just over a week left on the clock for Teck’s shareholders to vote on the split, Glencore is trying its best to persuade the Canadian miner’s shareholders. Last week, chief executive Gary Nagle landed in Toronto to personally explain his company’s vision and intentions. By Friday evening, two influential shareholder advisory firms had recommended against Teck’s strategy, while its largest investor, China Investment Corp., said it favoured Glencore’s proposal. The shiny orange metal Experts had anticipated that the company’s decision to split the business in two would make Teck Metals a takeover target. The company owns four copper mines in South America and Canada, which produced 270,000 tonnes combined last year. Teck also expects to double copper output after the second phase of its Quebrada Blanca (QB) project in Chile ramps up to full capacity by the end of 2023. Glencore believes that operating Quebrada Blanca jointly with the nearby Collahuasi mine, in which the Swiss multinational holds a 44% stake, would add at least a $1 billion of value to its coffers. The idea, Glencore has explained, is that QB and Collahuasi share infrastructure rather than creating a single operation. The latter would require approval from Anglo American (LON: AAL), which has 44% of Collahuasi and Sumitomo, which holds a 30% indirect interest in the Chilean copper mine. Top miners, in turn, are hungry for copper assets as demand for the metal accelerates and a global shortfall looms. BHP, Rio Tinto and Glencore itself have disclosed that they are actively looking to grow their copper exposure. |
Posted at 15/3/2023 06:17 by florenceorbis Rio Tinto begins production from Oyu Tolgoi underground projectBy 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.” |
Posted at 14/12/2022 16:13 by waldron Ian Lyall15:00 Wed 14 Dec 2022 US bank Jefferies has released a research note stating that its analysts have been positive on iron ore for the past six weeks, due to the potential for a China reopening and seasonal supply issues. The rally in iron ore prices has occurred, up from $76 per tonne on October 31 to $112/t last week. However, the outperformance of iron ore relative to copper has likely played out, the bank's analysts think Despite this, the Jefferies' analysts still see good value in shares of Rio Tinto PLC (LSE:RIO), BHP Group Ltd (LSE:BHP, ASX:BHP) and Vale SA. Policies 'more accommodative' They attribute the rally in iron ore prices to an improving outlook for the Chinese economy and believe that more accommodative policies with respect to Covid and the property market will lead to stability in demand for iron ore. However, the Jefferies analysts do not expect a strong recovery in demand as Chinese property, which accounts for around 35% of iron ore demand in the seaborne market, is likely in structural decline. Overall, Chinese steel production should track demand, and they expect only a small increase, if any, in China's steel production over the next year. Iron ore supply is also expected to be roughly flat year-on-year, as the major miners are not increasing production significantly, investors were told. The Jefferies' analysts expect a balanced market with prices in the $90-110 per tonne range for 2023. The consensus view is that iron ore prices will normalize to the $70-80 per tonne range, and this will happen soon. However, the analysts expect In contrast, they believe&nb Proactive |
Posted at 28/3/2022 06:58 by waldron European markets head for higher open as investors follow Ukraine developmentsPublished Mon, Mar 28 202212:51 AM EDT Updated 17 Min Ago Holly Ellyatt @HollyEllyatt cnbc Key Points European stocks are expected to open higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. Key data releases in the U.S. this week include the Job Openings and Labor Turnover Survey, and ADP will also release its private payrolls data ahead of the closely watched monthly jobs report, on Friday. LONDON — European stocks are expected to open higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. The U.K.’s FTSE index is seen opening 20 points higher at 7,503, Germany’s DAX 55 points higher at 14,370, France’s CAC 40 up 25 points at 6,584 and Italy’s FTSE MIB 162 points higher at 24,058, according to data from IG. |
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