|Day's range||38.86 - 39.37|
|52-week range||27.74 - 47.11|
|PE ratio (TTM)||15.34|
|Dividend & yield||1.70 (4.45%)|
|1y target est||48.23|
Former Barclays chief executive John Varley quit as a director of mining giant Rio Tinto on Wednesday after being charged with conspiracy to commit fraud in Britain. The Anglo-Australian miner's chairman Jan du Plessis said he had the "highest regard" for Varley, who has been on the Rio board since 2011.
Rio Tinto Tuesday recommended China-backed Yancoal as the buyer of most of its Australian coal mines, rebuffing a surprise higher bid from commodities giant Glencore earlier this month. The world's second-largest miner said in January it was selling Coal & Allied to Yancoal Australia -- majority-controlled by China's Yanzhou Coal -- for US$2.45 billion. Rio said it spoke to both parties but still favoured Yancoal since the deal was expected to be completed faster due to greater funding and regulatory certainty.
A multi-billion dollar bidding war for most of Rio Tinto's Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offer. Rio, the world's second-largest miner, is exiting coal mining in Australia at a time of falling prices and market volatility. The Anglo-Australian firm in January said it was selling Coal & Allied, to Yancoal Australia -- which is majority controlled by China's Yanzhou Coal, one of China's largest mining groups by market capitalisation -- for US$2.45 billion.