|Bid||2,220.00 x 0|
|Ask||2,230.00 x 0|
|Day's Range||2,160.00 - 2,240.00|
|52 Week Range||1,395.00 - 2,650.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.20|
LONDON/MELBOURNE (Reuters) - Global miner Rio Tinto (RIO.AX) (RIO.L) sold its remaining coal mine in Australia for $2.25 billion (1.59 billion pounds), making good on a pledge to exit the fuel and boosting its ability to fund future buybacks or higher dividends. The sale of Rio's stake in the Kestrel mine to private equity manager EMR Capital and Indonesia's Adaro Energy Tbk (ADRO.JK) was made at a significant premium to analysts' expectations and was Rio's third coal deal this month. Rio has said the funds would be used for "general corporate purposes", which could include increased returns for shareholders.
The sale is Rio's third coal deal this month. CEO Jean-Sebastien Jacques said in a statement the latest sale, combined with Glencore's (GLEN.L) purchase of Hail Creek mine and the divestment of undeveloped coal projects would make Rio's portfolio stronger and more focused.
MELBOURNE/LONDON (Reuters) - At least three bidders are expected to submit final offers for global miner Rio Tinto's (RIO.AX)(RIO.L) Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5 billion (1.81 billion pounds), people familiar with the process said. Hail Creek and Kestrel are Rio Tinto's last two coal mines, following the $2.7 billion sale of its Hunter Valley coal operations in Australia to Yancoal last year.
* Singapore pares previous day's over 1 pct gains * Malaysia policy rate announcement later in the day By Susan Mathew March 7 (Reuters) - Most Southeast Asian stock markets fell on Wednesday, tracking ...
* Asian shares ex-Japan up 1.3 pct * Singapore up 1.3 pct after strong export data * Malaysia, Indonesia set for fourth winning session * Philippines falls 0.9 pct after two winning sessions Feb 15 (Reuters) ...
* Philippines, Indonesia touch record closing highs * Singapore, Vietnam hit little over decade-highs * Energy firms key contributors to regional indexes By Aaron Saldanha Jan 22 (Reuters) - Southeast ...
By Nicole Pinto Jan 22 (Reuters) - Most Southeast Asian stock markets rose on Monday with the Philippine and Indonesia indexes scaling record levels, while broader Asian equities pulled back slightly after ...
Indonesia's mining ministry on Wednesday signed amended contracts with 18 coal mining companies, including PT Adaro Indonesia, as part of a shift towards a new mining permit system it expects to boost government revenue. Indonesia, the world's biggest thermal coal exporter, has now amended the contracts of all of its 68 coal mining companies, marking a victory for the government after earlier resistance from some miners to adopt the new terms. Indonesia's 2009 mining law requires companies to transfer from so-called contracts of work, long-term agreements with specific rules including on taxes, to newer special mining permits that generally follow the prevailing law.
By Sandhya Sampath Jan 8 (Reuters) - Most Southeast Asian stock markets ended higher on Monday tracking broader Asia and on expectations of strong first-quarter earnings, while Vietnam recorded its highest ...
While Asia's equity rally this year has been uneven, fuelled by a few large cap and technology stocks, analysts believe money will start flowing into shares that have been overlooked. Thomson Reuters data shows that the biggest 10 percent of listed Asian companies by market capitalization have accounted for 70 percent of this year's rally, with technology and financial stocks seeing the biggest gains. "The narrow rally of 2017 left behind many laggards" including good quality companies that money could switch into, said Manishi Raychaudhuri, Asia-Pacific equity strategist at BNP Paribas in a note.
By Sumeet Gaikwad Oct 6 (Reuters) - Southeast Asian stock markets ended higher on Friday as fresh peaks on Wall Street overnight continued to underpin investor sentiment, with Singapore gaining nearly ...
By Sumeet Gaikwad Oct 6 (Reuters) - Southeast Asian markets rose on Friday tracking broader Asia after Wall Street scaled a new peak on optimism over U.S. tax reform plans, with Philippine shares gaining ...