China Weakness Means Flat Iron Ore Profile for Rio
Rio Tinto this week provided a view of how it sees the Chinese economy travelling next year – no real improvement, with its iron ore guidance unchanged from 2022 levels.
Read MoreTag: RIO
Rio Spending Big to Cut Out the Carbs
Rio Tinto will spend upwards of $A900m expanding existing plans for cutting carbon emissions from its Pilbara iron ore operations as part of an $A11.5bn global program.
Read MoreTurquoise Minorities Move Set to Blow Up in Rio’s Face
Rio Tinto’s plan to excise dissenting votes from the signoff for the minorities in Turquoise Hill has now run aground after a Canadian regulator raised questions about it.
Read MoreRio Ties Up Turquoise Hill Loose Ends
Rio Tinto has been forced to do a special deal with two dissident shareholders in Turquoise Hill Resources to avoid its $US3.3 billion mop up takeover offer being rejected.
Read MoreIt’s Vale to the Good Times for Iron Ore Giants
A 46% slump in operating profit for Brazilian iron ore giant Vale is an early indication of the damage the recent price weakness is doing to the profits of BHP, Rio Tinto and Fortescue.
Read MoreSluggish Ore Division a Drag for Rio Tinto
Another underwhelming quarterly performance from its iron ore division has led to the world’s biggest miner Rio Tinto winding back expectations for its 2022 financial year.
Read MoreRio Tinto Digging Deeper into Canada
Rio Tinto and the Canadian government have announced a $C737 million investment plan to not only upgrade its production of titanium and scandium, but also to cut carbon emissions.
Read MoreCooler Heads Prevail in Ranger Brouhaha
Rio Tinto and ERA have made a definitive move to lower the temperature of their dispute about rehabilitating the Ranger uranium mine and its surrounds in the Northern Territory.
Read MoreRenewables Allowing Miners to Stretch Horizons
News from global copper majors MMG and Rio Tinto this week underlines how the rising importance of renewables is allowing some miners to find long-term growth opportunities.
Read MoreTurquoise Hill Now a Battle of Wills
The CEO of Rio Tinto has made it clear the mining giant will not be lifting its offer for the 49% of Turquoise Hill it doesn’t own, despite ongoing criticism from two minority shareholders.
Read MoreRio Tinto and China Baowu Steel in Pilbara Ore JV
Rio Tinto has joined Mineral Resources in getting into bed with the world’s biggest steelmaker, China Baowu Steel Group, to develop small projects in WA’s Pilbara region.
Read MoreSmooth Sailing for Rio Despite Minor Miner Dissent
Independent directors in Turquoise Hill have voted to approve Rio’s offer, putting the deal on track to be completed later this year despite one shareholder’s objections.
Read MoreTurquoise Hill Finally Gives Rio Offer the Green Light
Rio Tinto and its Canadian subsidiary Turquoise Hill Resources have finally agreed to a new mop-up offer that will give Rio direct ownership of the huge Oyu Tolgoi project in Mongolia.
Read MoreRio No Lamb when it Comes to Mongolian Interests
Rio Tinto seems willing to wait out the recalcitrant shareholders in Turquoise Hill who have rejected its $US2.7bn offer, making clear its commitment to the Mongolian Oyu Tolgoi project.
Read MoreCrunch Time for Rio with Turquoise Hill
If Rio Tinto really wants to control all of the 66% non-government stake in the Oyu Tolgoi copper gold mine, it has to buy the 49% it doesn’t control in Canadian company Turquoise Hill.
Read MoreRio Sets Poor Tone for Resource Major Earnings
Rio Tinto has kicked off June 30 reporting for the world’s resource majors that may mark the peak period as prices ease, demand weakens and cost increases eat into margins.
Read MoreOre Numbers Hold for Now but Cliff Beckons for Rio
Rio Tinto is maintaining full year guidance for its iron ore production and exports after a solid June quarter performance but it is facing a sharp fall in earnings as iron ore prices remain under pressure.
Read MoreRio Talking Up Prospects of New Pilbara Ore Mine
Rio Tinto believes its new Gudai-Darri mine in the Pilbara will increase its iron ore production volumes and improve product mix from the second half of this year.
Read MorePilbara Ore Weakens for Rio, No Word on Jandar
A weak March quarter production report from Rio Tinto so far as its Pilbara iron ore operations are concerned, while only ominous silence about the future of its Jandar Serbian lithium mine.
Read MoreSerbian Status Quo Leaves Rio in Limbo
The status-quo result of Serbia’a elections has produced an outcome that won’t make Rio Tinto happy about the future plans for its $US2.4 billion Jadar lithium project in that country.
Read MoreRio Sweating on Serbian Election Outcome
Tomorrow’s elections will play a key role in determining if Rio Tinto’s ambitions for a $US2.4 billion lithium mine and processing operation in Serbia are confirmed or finally dashed.
Read MoreRio Tinto Cleared to Resume Simandou Operations in Guinea
Guinea’s ruling junta has reached an agreement with Rio Tinto and its Chinese-backed JV partner to resume development work at the huge Simandou iron ore deposit.
Read MoreRio to Mop Up Turquoise Hill Ownership
Rio Tinto has revealed plans to buy out the minorities in Turquoise Hill, the company which controls a major stake in the troubled Mongolian copper gold mine, Oyu Tolgoi.
Read MoreGuinea Iron Ore Project Turns Foul for Rio
Rio Tinto’s West African iron ore ambitions have come to a shuddering halt in Guinea, with a halt ordered to the work being done at the Simandou project in the country’s southeast.
Read MoreRIO – Credit Suisse rates the stock as Outperform
Outperform rating retained. Target rises to $130 from $110.
Read MoreRIO – Morgans rates the stock as Hold
Hold rating is maintained, while the target price rises to $107 from $102.
Read MoreRecords Galore in Rio Tinto Result
A host of records for Aussie mining giant Rio Tinto in its 2021 financial year results: record dividends, record annual revenue, record underlying earnings, and record after-tax profit.
Read MoreCostly Sins of the Fossil Fuel Father Bite ERA
As Energy Resources of Australia is finding out the hard way, it’s not the production and selling costs involved with mining fossil fuels that catch you in the end, it is the rehab costs.
Read MoreSerbia Revokes Rio’s Lithium Licenses
According to a Reuters report on Friday morning, the Serbian government has revoking all licenses related to Rio Tinto’s exploration for lithium in the country.
Read MoreSetback for Rio at Serbian Lithium Project
Rio Tinto revealed in a release on Tuesday that rising opposition had forced it to push back the timeline for first saleable production at its $US2.4 billion Serbia lithium project.
Read MoreRIO – UBS rates the stock as Sell
Sell rating retained, UBS believing the iron-ore price risk is to the downside. Target price steady at $80.
Read MoreIron Ore, Copper Still Problematic for Rio
Rio Tinto might have vowed to get its iron ore business back to growth, but that won’t happen this year after the company set the lowest guidance in at least five years.
Read MoreRIO Wipes Mongolian Oyu Tolgoi JV Debt
Rio Tinto has agreed to write off Mongolia’s outstanding $US2.3 billion debt for its share of the cost of developing the Oyu Tolgoi copper-gold project.
Read MoreRIO – UBS rates the stock as Sell
UBS retains a Sell rating, noting the iron ore outlook remains fragile as port inventories build. $79 target price retained.
Read MoreRIO – Morgans rates the stock as Hold
The broker’s Hold rating is maintained. Target price falls to $104 from $112.
Read MoreRenewed Pressure on Prices Hits Iron Ore Majors
After several days of going nowhere, news from China sent iron ore prices lower on Thursday, just as some of the big boys revealed cuts to output due to the uncertain global outlook for 2022.
Read MoreRio Accelerates Emissions-Reduction Agenda
Rio Tinto has announced that it will triple its climate ambitions by aiming to cut slash emissions by 50% by 2030 at a cost of at least $US7.5 billion (more than $A10 billion) over the next eight years.
Read MoreRIO – Morgans rates the stock as Hold
The broker maintains its Hold rating and lowers its target price to $117 from $123, after lowering iron ore price forecasts.
Read MoreRio Shareholders Hit Pay Dirt with Huge Dividend
Shareholders in Rio Tinto will get record dividends totalling $US5.61 a share (about $A7.60) after the iron ore giant revealed a record profit and revenues for the six months to June.
Read MoreGreen Pivot Continues for BHP, RIO
BHP and Rio Tinto have revealed new offshore plays to get deeper into the renewable commodities sector: a Canadian nickel company for BHP and
a big Serbian lithium mine for RIO.
