Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

RIO - Rio Tinto plc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Dec 7, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    5,042
    Likes Received:
    1,151
    Rio Tinto plc, a mining and metals company, finds, mines, and processes mineral resources. The company mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has operations in Australia, North America, Asia, Europe, Africa, and South America. The company was founded in 1873 and is headquartered in London, the United Kingdom. Rio Tinto plc operates as a subsidiary of Rio Tinto Group

    [​IMG]
     
    TomB16 likes this.
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    5,042
    Likes Received:
    1,151
    RIO gets a upgrade

    upload_2016-12-7_6-58-54.png
     
    T0rm3nted likes this.
  3. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,833
    Likes Received:
    1,869
    Damn, that has been an impressive run since the summer!
     
  4. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
  5. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto has achieved a significant milestone at the Oyu Tolgoi mine in Mongolia with the completion of Shaft 2, which enables the acceleration of work on the underground development. Shaft 2, a 10 metre diameter shaft sunk to approximately 1.3 kilometres below the surface, has now entered into the final stages of commissioning.

    This is a critical piece of infrastructure and will enable a step change in terms of delivering the underground mine. Shaft 2 can carry 300 people per cage cycle versus a maximum of 60 people per cage cycle through Shaft 1. The 48 tonne capacity cage can now be used to support logistics, transporting supplies and components for development of the mine.

    Stephen McIntosh, Group executive, Growth & Innovation said “This is an important milestone because Shaft 2 significantly improves overall productivity of the underground development and allows us to move more material, equipment and people between the surface and underground. We have made very good progress in the past few months and completing Shaft 2 provides additional momentum as we move towards a definitive estimate for the development of this world-class ore-body in the second half of 2020.”

    http://www.riotinto.com/media/media-releases-237_27897.aspx
     
  6. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto PLC

    Rio Tinto PLC (RIO) is trading around $52.30 per share. The Peter Lynch value gives the stock a fair price of $200.56, which suggests it is undervalued with a 74% margin of safety. Over the past three months, the stock has registered a positive performance of 9.43%.

    [​IMG]
    dbc4f7f16f718d36f3f60439196bea24.png
    The company has a market cap of $89.99 billion and an enterprise value of $100.59 billion.

    The stock is trading with a price-earnings ratio of 6.56, which is higher than 74% of companies in the metals and mining industry. The share price is 18% below its 52-week high and 19% above its 52-week low. The price-book ratio is 1.70.

    https://finance.yahoo.com/news/6-undervalued-stocks-according-peter-173235095.html
     
  7. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto Group lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.

    London-based Rio will invest $749 million to bring the Western Turner Syncline Phase 2 project into production from 2021, according to a statement Wednesday. It will help extend the life of operations around the Tom Price mine, which began exporting in 1966.

    While the new project is aimed only at replacing output that’ll be lost from aging pits, Rio will have options to boost volumes from its $2.6 billion Koodaideri development, Chris Salisbury, iron ore chief executive officer, said in a phone interview. The Western Turner project was accounted for under capital expenditure guidance outlined last month, he said.

    Australia’s top miners continue to see potential to leverage low production costs and a dominant position in the seaborne trade to generate strong profits from iron ore, even as they forecast China’s steel output to reach a peak.

    Demand for ore is being supported by infrastructure projects in China launched earlier in 2019 and by ongoing property development, Salisbury said. There’s also been a more limited impact from the nation’s traditional winter output curbs on steel mills intended to limit pollution, he said.

    https://finance.yahoo.com/news/rio-lifts-iron-ore-spending-002704143.html
     
  8. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto Declares Force Majeure on Canadian Aluminum Sales
    [​IMG]

    Joe Deaux

    November 27, 2019


    [​IMG]
    (Bloomberg) -- Rio Tinto Group declared force majeure on its aluminum shipments from its Canadian operations as a result of backlogs created by a week-long rail strike.

    “The current situation constitutes an event of force majeure under the terms of the sales arrangements we have with you for aluminum sourced at our Canadian operations,” Rio Tinto said in a letter to customers seen by Bloomberg News. “Our ability to deliver under sales arrangements in accordance with volumes and schedules agreed to prior to the rail strike may be affected.”

    The week-long rail strike that began Nov. 19 at Canadian National Railway Co. halted shipments of metals, oil, grains and potash. Operations are expected to return to normal Wednesday after the union reached a tentative deal with the company.

    “Rio Tinto declared force majeure on contracts prior to Canadian National Railway confirming the strike was ending,” the company said in an email to Bloomberg News Tuesday. “We are working closely with customers to minimize any impacts as services resume.”

    The force majeure notice confirms the warning last week by supply-chain management and consulting company Mercury Resources that aluminum deliveries from Quebec into the U.S. will likely be delayed as the strike results in backlogs.

    Last week, the Union Pacific Corp., the largest freight rail provider in the U.S. West region, said it stopped accepting shipments into or from CN Railway’s Canada locations until CN operations return to normal.

    https://finance.yahoo.com/news/rio-tinto-declares-force-majeure-050001731.html
     
    TomB16 likes this.
  9. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto Partners With Centre of Excellence to Grow Indigenous Participation in Minerals Development

    The Centre of Excellence for Indigenous Minerals Development today announced Rio Tinto will be a founding partner, supporting its work for Indigenous communities that want to understand how they can engage with and participate in minerals development.

    The Centre is being established by Waubetek, an Indigenous development corporation in Ontario, as a unique hub of learning and research for First Nations and Indigenous owned businesses in North America. It will work to share knowledge on opportunities, risks and best practices in minerals development.

    The Centre has been founded through a partnership between Waubetek Business Development Corporation, Laurentian University, and the Government of Canada.

    Rio Tinto is the first resources company to join the partnership with a contribution of $1 million over 5 years, as well as technical expertise to help the Centre provide insight and expertise to Indigenous communities who are considering developing their own resources.

    Rio Tinto’s support will allow the Centre of Excellence to expand its focus from Ontario to work across North America, by developing networks in British Columbia, Quebec and Arizona.

    Waubetek Business Development Corporation general manager Dawn Madahbee Leach said “We are pleased that a leading resources company supports our goal that Indigenous people should have the tools to understand their mineral resources and the industry, so that any development brings long term benefits. This can play an important role towards economic reconciliation and inclusive growth through developing greater control over our lands and resources, as well as creating wealth and well-being in communities.”

    Rio Tinto group executive Corporate Relations Simone Niven said “Our partnership aims to grow the opportunity for Indigenous communities to participate in a meaningful way in the benefits that can come from responsible mineral development. North America can provide many of the essential materials for the transition to renewable energy, such as copper, rhenium and cobalt. Indigenous communities will be able to better understand the mineral resources in their traditional lands and make informed decisions about whether to develop them.”

    Minister for Natural Resources Hon. Seamus O’Regan said “The Centre of Excellence for Indigenous Minerals Development will create greater opportunities for Indigenous communities across Canada and in the United States. We are proud to partner with Indigenous communities, and industry partners like Rio Tinto, to help make this brighter future for these communities possible. Congratulations to the Centre on this exciting new investment.”

    https://finance.yahoo.com/news/rio-tinto-partners-centre-excellence-174000845.html
     
  10. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    Rio Tinto Shuts South African Mine, Expansion Over Violence

    Rio Tinto Group halted mining operations at its Richards Bay Minerals unit in South Africa amid escalating violence in surrounding communities that led to an employee being shot and injured.

    Smelters at the site in the KwaZulu-Natal province are operating at a reduced level and a $463 million expansion project has been temporarily paused, London-based Rio said Wednesday in a statement. There’s been an escalation of criminal activity directed at the operation’s staff, Rio said.

    Output for 2019 is now expected to be at the low end of a guidance range of 1.2 million to 1.4 million tons and Rio is contacting customers to minimize disruptions. It isn’t clear when operations will resume and the company is appealing to the government to step in and end the violence, Werner Duvenhage, the managing director for RBM, said by phone.

    “The losses are quite clearly going to be a significant amount of money,” Duvenhage said. “We continue to work to see how the situation can be resolved, but we don’t have a timeline on when operations can resume.”

    The decision to halt operations was preceded by weeks of protests around the area where the mine is located, causing “on-and-off disruptions,” Duvenhage said, adding that the demonstrations are not related to the company. South African protests against everything from poor municipal services to strikes are often marred by violence, assaults against non-striking workers, the blocking of roads or burning of tires.

    https://finance.yahoo.com/news/rio-tinto-shuts-south-african-065138691.html
     
  11. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    414
    Likes Received:
    42
    U.S. copper frenzy grows as Rio Tinto plans $1.5 bln Utah mine expansion

    Rio Tinto Plc said on Tuesday it would spend $1.5 billion to expand its Kennecott copper mine in Utah, part of a growing trend by miners to invest in strategic mineral projects across the United States.

    The move more than doubles the mining industry's recent investment in U.S. copper projects, as Tesla Inc and other automakers demand more of the red metal for electric vehicle motors and other components.

    "We like copper. We like the U.S.," Rio Chief Executive Jean-Sebastien Jacques said in an interview. "If we had not taken this decision, our position in the U.S. market would be shrinking."

    Rio said the investment will extend the life of the more-than 100-year-old open-pit mine near Salt Lake City from 2026 through 2032, with the potential to keep it operational thereafter. The expansion project, which Rio said will generate "attractive returns" without elaborating, is set to get underway next year.

    Once seen as a laggard in the global mining industry, U.S. copper deposits have drawn more than $1.1 billion in recent investments from small and large miners alike before Rio's Tuesday announcement.

    U.S. President Donald Trump has moved to cut mining regulations since taking office in a bid to encourage domestic mining and also offset China's control of key parts of the military weapons supply chain, efforts that have dovetailed with those in the U.S. Congress.

    The Kennecott mine on privately-owned land produces nearly 20% of the U.S. copper production, as well as gold and silver. Rio operates one of three U.S. copper smelters at the site.

    https://finance.yahoo.com/news/u-copper-frenzy-grows-rio-171454179.html
     

Share This Page