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RIO - Rio Tinto plc

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

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    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

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    TomB16 likes this.
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    RIO gets a upgrade

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    T0rm3nted likes this.
  3. StockJock-e

    StockJock-e Brew Master
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    Damn, that has been an impressive run since the summer!
     
  4. Marvan

    Marvan Active Member

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  5. Marvan

    Marvan Active Member

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    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

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    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%.

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    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

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    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

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    Rio Tinto Declares Force Majeure on Canadian Aluminum Sales
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    Joe Deaux

    November 27, 2019


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    (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

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    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

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    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

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    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
     
  12. Marvan

    Marvan Active Member

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    Rio Tinto Offers Responsibly Produced Aluminium From Pacific Operations

    Rio Tinto is now offering independently certified, responsibly produced aluminium from its smelters in Australia and New Zealand that predominantly use hydro-powered electricity.

    Aluminium Stewardship Initiative (ASI) has granted its Performance Standard and Chain of Custody certifications to Rio Tinto’s Amrun and Weipa bauxite mines, Yarwun alumina refinery, and the Bell Bay and NZAS aluminium smelters.

    This strengthens Rio Tinto’s ability to offer ASI Aluminium throughout its global supply chain, building on the certifications in place for its Canadian operations.

    ASI certification means customers can be assured that the aluminium they purchase has been produced to the highest environmental, social and governance standards, ranging from greenhouse gas emissions to human rights.

    Rio Tinto Aluminium chief executive Alf Barrios said: "This certification expands Rio Tinto’s offering of independently certified, responsibly produced aluminium to customers around the world. It continues our leadership on responsible aluminium production from mine to metal, so that our customers can meet the growing demand from consumers for sustainably sourced materials."

    ASI chief executive officer Fiona Solomon said: "Having a responsible supply chain means not just low carbon emissions in production, but also meeting the highest standards from material stewardship to human rights. We applaud Rio Tinto’s ongoing commitment to encouraging the uptake of ASI’s standards across the aluminium and manufacturing supply chain."

    https://finance.yahoo.com/news/rio-tinto-offers-responsibly-produced-130000539.html
     
  13. Marvan

    Marvan Active Member

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    JOHANNESBURG (Reuters) - Water downstream of a Rio Tinto mine in southern Madagascar contains high concentrations of uranium and lead, potentially endangering local residents who depend on a nearby lake and river for drinking water, a study released on Friday found.

    Lead, when ingested, can impede the mental and physical development of children, while uranium can cause kidney damage.

    https://finance.yahoo.com/news/water-around-rio-tintos-madagascar-110704560.html
     
  14. Marvan

    Marvan Active Member

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    Rio Tinto has today started the process of resuming operations at Richards Bay Minerals (RBM) in South Africa. This follows discussions led by the Premier of KwaZulu-Natal, Sihle Zikalala, involving all stakeholders focused on securing stability in order to address the issues in the community and provide the stable environment necessary for RBM to resume operations.

    A phased restart is now in progress across the operation, with RBM expected to return to full operations in early January, leading to regular production in early 2020. Rio Tinto is contacting customers who were advised of a force majeure in their supply that this has now been lifted. Rio Tinto will review the restart of the Zulti South project after normalisation of operations at RBM.

    Bold Baatar, chief executive, Energy & Minerals said "The safety and security of our people is always our first priority and we are pleased that we will now be able to get back to work creating value for our people, our communities, South Africa and RBM’s shareholders.

    "I would like to thank the Government of South Africa and the Premier of KwaZulu-Natal for their support and assistance in getting us to a position where we can restart operations at RBM. I would also acknowledge the work of community leaders and the police over the previous few weeks."

    As previously advised, titanium dioxide slag production for 2019 is now expected to be at the bottom end of 2019 guidance of between 1.2 and 1.4 million tonnes.

    https://finance.yahoo.com/news/rio-tinto-resume-operations-richards-070400704.html
     
  15. Marvan

    Marvan Active Member

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    Rio Tinto’s Australian Supplier Portal

    Rio Tinto is committed to paying small and medium business suppliers with up to $1 million of annual expenditure within 30 days of receipt of invoice. This is in line with the Australian Supplier Payment Code.

    Rio Tinto is continually striving to improve supplier experiences, and our on-time supplier payments rate, which currently stands at approximately 96 per cent.

    Last year, Rio Tinto introduced a voluntary online portal to offer suppliers greater transparency on their payment status, including viewing invoices and tracking payments. Feedback regarding the portal has been largely positive, with suppliers reporting favourably on the added ability to track payments.

    The portal also provided an option for discounted accelerated payments for those requiring shorter payment terms than the agreed 30 days.

    After review, Rio Tinto will no longer offer this accelerated payment option and will work on transition arrangements for those suppliers, representing about 3 per cent of Rio Tinto’s 10,000 Australian suppliers, that had selected the option.

    Rio Tinto chief commercial officer Simon Trott said "Our suppliers are vital to our business success and we will continue to work to improve our partnerships with them. A supply chain of strong local suppliers is good for our business, good for local communities and good for the economy. We are committed to the Australian Supplier Payment Code.

    "We are concerned about any reports that suggest we are not meeting supplier expectations and encourage suppliers to work with us and continue providing feedback about how our processes can be enhanced."


    Across Australia, Rio Tinto spends billions with local suppliers every year and continues to work with them to improve the partnerships and ensure increased opportunities for local communities.

    Rio Tinto has a strong local procurement strategy designed to increase opportunities for Australian businesses to be a part of the Rio Tinto supply chain. Procurement practices, and those of Rio Tinto contractors, help sustain many Australian businesses and, in turn, local communities. Aboriginal businesses and charities are offered favourable terms on payments by Rio Tinto.

    In 2018, Rio Tinto spent $4.4 billion with around 1,800 WA-based businesses, including $281 million with Pilbara-based businesses. At its Amrun bauxite mine in far north Queensland, Rio Tinto has spent more than $2 billion with 1,130 Australian suppliers, including more than 770 Queensland businesses during construction.

    https://finance.yahoo.com/news/rio-tinto-australian-supplier-portal-055400890.html
     
  16. Marvan

    Marvan Active Member

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    Rio Tinto to build first solar plant in Western Australia to power iron ore mine

    Rio Tinto has approved a $98 million (100 per cent basis) investment in a new solar plant at the Koodaideri mine in the Pilbara, Australia, as well as a lithium-ion battery energy storage system to help power its entire Pilbara power network.

    The 34 megawatt solar photovoltaic plant is expected to supply all of Koodaideri’s electricity demand during peak solar power generation times and approximately 65 per cent of the mine’s average electricity demand.

    The plant, Rio Tinto’s first company-owned solar facility, will consist of an estimated 100,000 panels, covering an area of 105 hectares. Construction is expected to begin later this year, subject to government approvals, and is due to be completed in 2021.

    Complementing it will be a new 12MWh battery energy storage system in Tom Price that will provide spinning reserve generating capacity to support a stable and reliable network.

    The solar plant and battery are estimated to lower annual carbon dioxide emissions by about 90,000 tonnes compared to conventional gas powered generation. This is the equivalent of taking about 28,000 cars off the road.

    https://finance.yahoo.com/news/rio-tinto-build-first-solar-230300992.html
     
  17. Marvan

    Marvan Active Member

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    Rio Tinto progresses Oyu Tolgoi power options

    Rio Tinto continues to progress options to secure domestically sourced power for the Oyu Tolgoi copper mine in Mongolia, which it is obliged to do by 30 June 2023 under the 2009 Investment Agreement (IA) between Turquoise Hill, the Government of Mongolia and Rio Tinto and subsequent Power Sector Framework Agreement, signed in 2018.

    In compliance with these agreements, Oyu Tolgoi LLC today submitted to the Government of Mongolia a Feasibility Study for the Tavan Tolgoi Power Plant (TTPP) Project, which involves building a 300 MW coal power plant. In parallel with the TTPP Project, and in consultation with the Government of Mongolia, Rio Tinto is also progressing alternative options to source domestic power, including a renewable power component.

    Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said "Rio Tinto, Turquoise Hill and the Government of Mongolia are all committed to securing a reliable and long term domestic power source for the Oyu Tolgoi mine and are working together to achieve this".

    The TTPP Feasibility Study envisages a 300 MW power plant with a project cost estimate of around $924 million. This is already included in the group capex guidance of $7 billion in 2020 and $6.5 billion each in 2021 and 2022.

    https://finance.yahoo.com/news/rio-tinto-progresses-oyu-tolgoi-220400361.html
     
  18. Marvan

    Marvan Active Member

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    Rio Tinto seeks international arbitration on tax dispute with Mongolia

    Global Miner Rio Tinto said on Friday its Mongolian unit had begun an international arbitration process, seeking to resolve a dispute with the local tax authority.

    "We have worked diligently with the government and tax office representatives in Mongolia to find a mutually acceptable settlement and came to the conclusion that arbitration is the best way forward to resolve this issue," Rio said in a statement.

    The dispute relates to taxes paid by Oyu Tolgoi between 2013 and 2015.

    https://finance.yahoo.com/news/rio-tinto-seeks-international-arbitration-221701164.html
     
  19. Marvan

    Marvan Active Member

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    4 Days To Buy Rio Tinto Group (LON:RIO) Before The Ex-Dividend Date

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    Rio Tinto Group (LON:RIO) is about to go ex-dividend in the next 4 days. This means that investors who purchase shares on or after the 5th of March will not receive the dividend, which will be paid on the 16th of April.

    Rio Tinto Group's next dividend payment will be UK£1.77 per share, on the back of last year when the company paid a total of UK£4.48 to shareholders. Based on the last year's worth of payments, Rio Tinto Group has a trailing yield of 9.7% on the current stock price of £36.08. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

    https://finance.yahoo.com/news/4-days-buy-rio-tinto-073519265.html
     
  20. Marvan

    Marvan Active Member

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    Oyu Tolgoi work slows due to Mongolia's coronavirus curbs -Rio Tinto

    March 16 (Reuters) - Rio Tinto Ltd on Monday said work at its Oyu Tolgoi mine in Mongolia has slowed due to the restrictions imposed by the government to curtail the spread of the coronavirus outbreak.

    "The full impact of the slowdown on the underground project is unknown at this time," the company said in a statement, but added that the open pit of the mine continued to operate and deliver shipments of copper concentrate to its customers.

    https://finance.yahoo.com/news/oyu-tolgoi-slows-due-mongolias-071413817.html
     

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