|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||56.46 - 57.09|
|52 Week Range||37.66 - 59.25|
|PE Ratio (TTM)||11.72|
|Forward Dividend & Yield||2.20 (4.56%)|
|1y Target Est||60.90|
Iron ore prices in 2017 were characterized by elevated volatility. The iron ore price (XME) average in February up to February 21 was $76.8 per ton. Ahead of the holiday week in China, iron ore prices kept rallying on optimism about the global demand for raw materials.
The US Commerce Department has recommended actions including a tariff and quota against aluminum imports under the Section 232 imports probe that was completed earlier this year. While the news triggered buying interest in Century Aluminum (CENX), Alcoa (AA) actually closed with a marginal loss after the news broke out. There is significant aluminum overcapacity in China, and the country’s exports have been on the rise, despite the much-publicized winter month capacity curtailments.
Oyu Tolgoi, the giant Mongolian copper and gold mine controlled by Rio Tinto, is seeking approval to build a power station, a move that could add further costs to a $5.3bn expansion project. Earlier this ...
Mongolia's giant Oyu Tolgoi copper-gold mine in the Gobi desert will weigh alternative options in order to guarantee electricity supply over the coming years, it said on Friday, after casting doubt on state plans to build a new power plant in the region. Oyu Tolgoi, which is run by Anglo-Australian mining giant Rio Tinto, is under pressure to procure power from domestic rather than Chinese sources within the next four years, as stipulated in a 2009 investment agreement. Mongolia's energy minister said this week that a power plant due to be constructed at the Tavan Tolgoi coal mine near the Chinese border could help meet the supply gap, if Rio Tinto could guarantee financing for the project.
Rio Tinto (RIO.L) (RIO.AX) is moving some of its support staff as it creates three global hubs, but is not changing its operating model, it said on Thursday. Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office. Rio Tinto said in an emailed statement its operating model was not changing, but it was "adjusting where work is done by creating three global hubs" and it was starting a consultation with British employees as some roles would be moved to one of the three hubs.
As noted in the previous article, a flat tariff on aluminum imports might not have a major impact on US aluminum production and might not boost jobs in the US aluminum smelting industry. The quotas, if imposed, could have an impact on US aluminum production, as they would limit aluminum volumes in the US market at a time when demand is expected to rise as compared with last year.
As we noted in the previous part of this series, Freeport-McMoRan (FCX) expects its unit cash costs to fall in 2018, largely due to lower production costs at its Grasberg mine (RIO)(TRQ). Freeport expects a byproduct credit of $2.56 per pound at its Grasberg mine this year, bringing down the mine’s unit cash costs after byproduct credits to -$0.57 per pound. To put this figure in context, consider that the company’s unit cash costs after byproduct credits are expected to average $1.67 per pound in North America and $1.63 per pound in South America.
Rio Tinto, the Anglo-Australian mining group, has started a consultation with UK employees as part of a wider restructuring that will see support staff moved to one of three global hubs or Singapore. But ...
MELBOURNE (Reuters) - British tycoon Sanjeev Gupta's GFG Alliance has expanded rapidly in recent years, spending up big on distressed steel and aluminium assets, and sees no let-up in the pace of growth. ...
I asked the chairman of the White House Council on Environmental Quality for the George W. Bush Administration whether Trump has done anything that will save the coal industry. "No," he said.
The world’s biggest mining companies are again poised to shower investors with billions of dollars and make deals, a turnaround fueled by the global economy’s renewed appetite for raw materials and by ...
Southern Copper Corp won a tender to develop Peru's estimated $2 billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday. Southern, controlled by Grupo Mexico SAB de CV , won with a proposal to transfer $400 million to the government and pay 3 percent royalties, beating out Compania Minera Milpo, which had offered $250 million in transfers and 1.875 percent royalties. Peru is the world's second biggest copper producer after Chile.
Peru's government Proinversion investment agency said on Tuesday 10 companies had presented pre-registration documents to bid in a tender for an estimated $2 bln contract to develop the Michiquillay copper ...
Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge underground extension.
Analyzing Rio Tinto plc’s (LSE:RIO) track record of past performance is a valuable exercise for investors. It enables us to reflect on whether or not the company has met expectations,Read More...
The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets. Mining and metals deals totalled $51 billion last year, up 15 percent from 2016 and dominated by coal and steel transactions, although the volume of transactions fell 6 percent. "The focus for most of the sector in 2017 was consolidating balance sheet strength and maintaining capital discipline," EY said in a quarterly report on the sector, published on Monday.
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine Rio Tinto Limited’s (ASX:RIO) track record on a high level, toRead More...
WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics.
Jean-Sebastien Jacques, Rio Tinto CEO, discusses being a part of an Australian CEO delegation to the White House, what he sees for the mining business and what tax reform and trade policies will mean for the company.