|Bid||75.75 x 260000|
|Ask||68.50 x 767200|
|Day's range||71.44 - 72.26|
|52-week range||56.72 - 75.14|
|PE ratio (TTM)||21.02|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.57|
Iron ore jumped again in overnight trade and looks poised to enter a new bull market. But how long can the party last?
Rio Tinto has again extended an agreement to sell its Pilbara iron ore to Chinese state-owned steel company Sinosteel. The two businesses will sign a new deal to extend their Channar Mining joint venture in WA, under which Rio will supply an additional 10 million tonnes of iron ore in return for an upfront payment of $US15 million ($A19.7 million) as well as production royalties linked to the iron ore price. This is the third extension for the joint venture, which was first formed in 1987 for the joint development of the Channar mine in the Pilbara and is 60 per cent owned by Rio and 40 per cent by Sinosteel.
If press reports are true, minerals producer Rio Tinto (RIO) could spend billions on a stake in a Chilean lithium producer. Rio doesn't have any lithium, a hot commodity used in batteries for electric vehicles, and Rio could buy roughly a third of Chilean lithium producer SQM that PotashCorp must sell to meet requirements of its merger with agriculture product giant Agrium (AGU). Buying such an asset illustrates seduction by the lithium frenzy, given that SQM's valuation has been "significantly buoyed by recent lithium price increases, volume growth expectations and a general market fervor regarding lithium," they write.
More than 250,000 people work for the big four UK-listed miners. The cadre of executives who tell them what to do is "the smallest club in the world", according to one insider. Even so, the news ...
Mick Davis, the former head of Xstrata, has emerged as a frontrunner to become the next chairman of Anglo-Australian miner Rio Tinto. The South African-born businessman has held talks with Rio over the ...
Of all the chief executives at a FTSE 100 company, the one I am coming to know best is Jean-Sébastien Jacques, the 46-year-old Frenchman appointed to run the Rio Tinto mining group last year. Mr Jacques ...
Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality.
Strong Japanese corporate results had Tokyo stocks extending their rally early Thursday though the rest of Asia was quieter after mild gains on Wall Street overnight.
Mount Gibson Iron Limited (ASX:MGX) is an iron ore miner with a strong balance sheet, which I think has the potential to climb higher.
Vale SA’s (VALE) iron ore quarterly production for 3Q17 has set another record. VALE produced 95.1 million tons of iron ore, 3.3% higher year-over-year.
The Australian corporate watchdog has been asked why it was slow to prosecute global mining giant Rio Tinto over a coal mining project in Mozambique. Already, Britain has fined Rio Tinto STG27 million ($A47 million) for failing to write-down the failed investment and the US has launched legal action for fraud. Greens senator Peter Whish-Wilson was questioning the Australian Securities and Investments Commission head at a hearing in Canberra about why it wasn't first, given Rio Tinto was company with dual listings in London and Australia.
Rio Tinto Group will cover the legal costs of its former chief executive and chief financial officers after U.S. authorities charged them with fraud, according to people familiar with the situation.
RBC Capital Markets has downgraded Rio Tinto (RIO.AU) to sector perform (from outperform) as it says the strong balance sheet and high quality growth projects are already factored into the mining giant's ...
Rio Tinto Group has held talks with Indonesian groups, including state-owned PT Indonesia Asahan Aluminium, about a possible exit from its interest in the giant Grasberg copper and gold operation, according ...