|Bid||52.14 x 800|
|Ask||52.15 x 800|
|Day's range||51.26 - 52.28|
|52-week range||35.35 - 64.02|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||10.68|
|Forward dividend & yield||3.82 (7.37%)|
|Ex-dividend date||06 Mar 2020|
|1y target est||48.25|
The global impact of COVID-19 has been unprecedented and it is far from over, but for savvy investors there may be no better time to invest in “indirect” discount gold
Rio Tinto’s iron ore business in Western Australia is continuing to recruit for skilled roles, apprentices, graduates and Aboriginal trainees to fill vacancies as the company progresses its development plans in the Pilbara.
The Royal Flying Doctor Service (Queensland Section) and Rio Tinto have formed a new partnership to improve emergency and remotely delivered health care services across regional Queensland.
In order to support local community efforts to fight COVID-19 and its social and economic impacts, Rio Tinto is investing $10 million in a variety of grassroots projects across Canada and the United States.
Rio Tinto has introduced further measures to help combat the spread of COVID-19 in Western Australia following the start of rapid screening trials at Perth Airport.
Rio Tinto Chief Executive J-S Jacques said "In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so safely.
Madison Metals and American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) is pleased to announce the company has signed a definitive agreement with Madison Metals to acquire the Madison Copper Gold Project near Silver Star Montana, USA. The project is currently under an earn-in, joint venture agreement announced by Broadway Gold on April 30, 2019, whereby Kennecott Exploration Company, part of the Rio Tinto Group (ASX, LON: RIO) may spend $30 million USD to earn up to 70% of the project. Drill results from Kennecott’s 2019 drill program are pending and should be released shortly.
Pentwater Capital Management LP ("Pentwater"), a long-term supportive investor and the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), owning, together with its affiliates and associates, approximately 9.09% of the Company's issued and outstanding common shares, today responded to Turquoise Hill’s April 6, 2020 press release. Pentwater believes that Turquoise Hill’s release not only fails adequately to address the important concerns voiced in Pentwater’s recently filed proxy circular, but is both misleading and inaccurate in its attempt to deflect accountability for the self-inflicted wounds that have been an overhang on the Company's otherwise world-class asset base away from the Company’s management team and board of directors (the "Board").
Rio Tinto paid $7.6 billion in taxes and royalties globally in 2019, including $4.8 billion of corporate tax, as detailed in its latest Taxes paid report, published today.
Turquoise Hill shareholders have suffered massive value destruction at the hands of Rio Tinto, which operates the Oyu Tolgoi Project (allegedly under the watchful eye of Oyu Tolgoi's majority owner, Turquoise Hill) while also being the majority shareholder of Turquoise Hill. Turquoise Hill’s board and management have failed to effectively oversee Rio Tinto, and intervene in the abuse of control and refusal to make complete and truthful disclosure by Rio Tinto of the Oyu Tolgoi Project.
Rio Tinto Ltd said on Tuesday its Tiwai smelter in New Zealand will scale back some operations to ensure the health and safety of its workers and comply with government restrictions on containing the coronavirus. New Zealand is in a four-week lockdown to contain the virus that has infected more than three quarters of a million around the globe. The smelter will scale back part of its aluminium making facilities, and affected workers will be reallocated to other areas of the plant, Rio Tinto Aluminium New Zealand said in a statement.
Rio Tinto chief executive J-S Jacques said "Covid-19 is a human tragedy and we all have to play our part as the pandemic spreads. Rio Tinto’s first priority remains the health and safety of all of our employees and communities. During these uncertain times, we continue to deliver products to our customers supported by our global sales and marketing teams.
Rio Tinto said on Thursday it had found several cases where Australia's biggest mining industry body advocated for thermal coal in contravention of 2015 Paris climate goals, as it released a review of its membership in industry groups. Rio Tinto laid out its expectations for the industry associations that it funds last April to ensure that their policy on climate change and energy advocacy was consistent with the miner's own, as well as the Paris Agreement which aims to limit global warming to "well below" 2 degrees Celsius. Where there was a lack of cooperation on advocating for those policies, Rio would reconsider its support and its membership of the groups, it said in an updated review released overnight.
The Zacks Analyst Blog Highlights: Freeport-McMoRan, Teck Resources, Vale, Rio Tinto and Southern Copper
The Anglo-Australian miner said production at its Richards Bay Minerals in South Africa will be halted on Thursday for 21 days, in line with a nationwide lockdown after the number of cases sharply rose. It was too early to predict the impact of the disruption to operations on its production forecast for fiscal 2020, or when things will get back to normal, Rio said in a statement. In Canada, Rio Tinto said it was working to comply with the Quebec government's directive to reduce business activity after the province tightened restrictions, including ordering the closure of all non-essential businesses.
Today, as a result of separate actions by the Premier of Quebec and the President of South Africa to contain the spread of COVID-19, Rio Tinto will slow down some of its operations.
Rio Tinto’s Kennecott mine near Salt Lake City (SLC), Utah, was today impacted as a result of a 5.7-magnitude earthquake close to the town of Magna. All employees have been safely accounted for and evacuated from the potential risk areas. At this stage we have identified limited damage to the operation or risk to the surrounding community. A detailed inspection of the complex is currently being conducted, in conjunction with the local emergency services and Utah Department of Transportation.
Rio Tinto is working with the Government of Mongolia to ensure Oyu Tolgoi is operating in accordance with the restrictions the Mongolian authorities have put in place to contain the spread of COVID-19. The first priority of the Rio Tinto and Oyu Tolgoi teams is the health and safety of all of our employees, contractors and the wider community.