|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||48.71 - 49.13|
|52-week range||37.66 - 50.77|
|PE ratio (TTM)||14.29|
|Forward dividend & yield||2.20 (4.56%)|
|1y target est||56.14|
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.
Several metals have seen prices breaking out in 2017, with demand hitting record levels and well-positioned mining stocks growing at astounding rates
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.
The electric car boom has significantly boosted prices of copper, cobalt, lithium and nickel this year and demand for these crucial metals is expected to go through the roof
European stocks struggled for a seventh straight session Wednesday, with strength in the euro and a drop in commodity stocks drawing the regional benchmark to around a two-month low.
The news that Mick Davis, the former head of Xstrata, is in the running for one of the biggest jobs in mining as chairman of Rio Tinto has set tongues wagging in the close-knit natural resources industry. ...
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 ...
Copper markets will closely follow the developments at Grasberg in the coming weeks. The developments could impact global copper markets.
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.
SAN FRANCISCO, Nov. 08, 2017-- Hagens Berman Sobol Shapiro LLP reminds purchasers of Rio Tinto PLC U.S. traded securities that the firm’ filed a securities class action against Rio Tinto and certain former ...
NEW YORK, Nov. 08, 2017-- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Rio Tinto PLC who purchased shares between October 23, 2012 and February ...
Norsk Hydro (NHY) released its 3Q17 earnings on October 25. The company reported revenues of 22.8 billion Norwegian krone (~$2.8 billion) in 3Q17.
Genesee & Wyoming's Australian operations accounted for 14.1% of the company's total operating revenue in 3Q17, contributing $81.3 million that quarter.
NEW YORK, Nov. 06, 2017-- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of ...
NEW ORLEANS, Nov. 03, 2017-- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 22, 2017 to file lead plaintiff applications in a securities class action ...