|Bid||4,695.00 x N/A|
|Ask||4,693.00 x N/A|
|Day's Range||4,652.00 - 4,711.50|
|52 Week Range||3,460.50 - 4,790.50|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||5.96|
|Forward Dividend & Yield||2.33 (5.21%)|
|1y Target Est||53.70|
As Vale Warns of a Possible Dam Collapse, Iron Ore Surges(Continued from Prior Part)Reduced supply of iron oreIron ore miners, including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO), have signaled reduced iron ore production, and steel mills
Anglo’s De Beers unit already has a fleet of boats that hoover up the precious stones on the Atlantic Ocean, through a 50:50 partnership with Namibia. The southern African nation’s diamonds, which have been washed down the Orange River from South Africa over millions of years and deposited in the ocean, are key to De Beers because of their high quality.
The largest minority shareholder in Rio Tinto-controlled Turquoise Hill Resources has called on the company to address the corporate governance concerns that have weighed on its share price. Toronto-listed Turquoise Hill owns a 66 per cent stake in the giant Oyu Tolgoi copper mine in Mongolia. Rio in turn has a controlling 50.1 per cent stake in Turquoise Hill and also runs the mine.
Rio Tinto Group's (LON:RIO) released its most recent earnings update in December 2018, which confirmed that the...
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, voted against the four independent directors.
Turquoise Hill Resources, the Rio Tinto-controlled vehicle that operates a huge copper mine in Mongolia’s Gobi Desert, has suffered a shareholder revolt at its annual meeting. Turquoise Hill owns 66 per cent of the Oyu Tolgoi copper mine, with the remainder owned by the Mongolian government. Rio Tinto in turn owns 50.1 per cent of the Canadian-listed company and operates the mine, which is one of its most important growth projects.
KARMOEY, Norway/LONDON (Reuters) - In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy. Norsk Hydro told Reuters it was using mathematical models to mitigate the effect of the magnetism and other energy waste.
KARMOEY, Norway/LONDON, May 14 (Reuters) - In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy. Norsk Hydro told Reuters it was using mathematical models to mitigate the effect of the magnetism and other energy waste.
Vale’s Production Loss Has Become Its Peers' Gain—Here’s HowVale’s first-quarter productionVale (VALE) published its first-quarter production report on May 8. With the release of the report, the company’s shipment data have become much
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the dispute, which is threatening to escalate this week. An agreement could avert a sharp increase in U.S. tariffs on Chinese goods that President Donald Trump has threatened to impose on Friday.
The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and the sector's balance sheets are in rude health. Reminders of the dangers include a disaster in Brazil at a Vale tailings dam in January that killed an estimated 300 people, and a U.S. corruption investigation into Glencore, announced in April.
Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine, which Rio is developing for $2.6 billion (£1.98 billion) with first production expected to start by the end of 2021. The mine is expected to underpin Rio's production of its flagship Pilbara Blend iron ore, sustaining its current output of more than 330 million tonnes a year which it draws from 16 mines in the region.
Teck Resources' financial health was a big question mark a few years back, but it's now official: It's fixed the problem, and that's a good thing
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In 2016 J-S Jacques was appointed CEO of Rio Tinto Group (LON:RIO). This report will, firs...
Copper miner Rio Tinto Ltd "firmly believes" that the United States and China will ink a trade deal, Chief Executive Jean-Sebastien Jacques told the CNBC television network on Tuesday. Jacques ...
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
Freeport-McMoRan: What to Expect after Last Week’s Sell-OffFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), saw a selling spree after its first-quarter earnings were released. The company missed the mark on most of
What’s in the Cards for Cleveland-Cliffs’ Q1 Results?(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at one of its mines in Brazil (EWZ). More than 300 people died when the
What’s in the Cards for Cleveland-Cliffs’ Q1 Results?(Continued from Prior Part)Realized revenues In addition to volumes, realized revenues are among the most important components that drive a commodity company’s top line. Sign up for Bagels
Mining company Rio Tinto CEO Jean-Sebastian Jacques discusses his company's investment in sustainable mining technologies and practices.