|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's range||44.62 - 45.83|
|52-week range||44.62 - 60.72|
|Beta (3Y monthly)||0.79|
|PE ratio (TTM)||8.16|
|Forward dividend & yield||2.54 (5.47%)|
|1y target est||61.50|
Exploration at one of Rio Tinto's sites in the state of Western Australia that has been touted as potentially rich in copper has so far failed to find any economic veins of ore, the miner's partner in the project said on Tuesday. Antipa Minerals lodged a series of exploration updates with the Australian Securities Exchange on Tuesday including one covering its Citadel project with Rio in the state's Paterson region. "It doesn't kill the story ... this is not all of Rio's ground.
At Vale Day in December 2017, Vale (VALE) had committed to reducing its net debt to $10 billion from $21 billion. While it was at that time seen as quite an ambitious target by analysts, Vale has achieved its aim. During Q3 2018 results, Vale reported that its net debt totaled $10.7 billion, which is the lowest level since Q3 2009.
Vale’s (VALE) CEO mentioned during Vale Day that the recent weakness in iron ore prices was expected due to the start of the winter season in China. Also, steel capacity cuts in China are lower this year as compared to last year, while steel mills are following the same approach of producing more in advance. This has led to additional weakness in iron ore.
Vale (VALE) has changed its product portfolio and quality in iron ore according to market demand. Vale made the major shift to selling high-quality ore in 2017, as China’s fight against pollution intensified, resulting in a huge variance between high-grade and low-grade material.
Vale (VALE) hosted Vale Day in New York on December 4. It’s aiming at maintaining discipline in capital allocation and remains committed to continuing to distribute free cash flow to shareholders. Vale’s president and CEO, Fabio Schvartsman, said, “We made in this bold remark that Vale would be the company to generate more value to its shareholders.
Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018. Century Aluminum (CENX) and Rio Tinto (RIO) have fallen 54% and 6.3% year-to-date, respectively, based on their closing prices on November 30. In this part, we’ll discuss why Alcoa stock fell 9% in November.
Investing.com - The European basic resource sector soared in midday trade on Monday, as a trade ceasefire between the U.S. and China sparked demand for growth-linked assets.
In 2018, labor contracts at several leading copper mines came up for negotiation. Analysts expected disruptions in the copper supply due to labor disruptions. However, the copper supply has been smooth in 2018. Analysts build a disruption allowance in their models due to copper’s unpredictable supply. Most copper mining companies provide a guidance range instead of a specific guidance. In this part, we’ll discuss leading copper miners’ production guidance.
In this part, we’ll discuss leading copper miners’ third-quarter production data. By looking at top copper miners’ production profiles, we can get crucial insight into the global copper supply.
The third-quarter earnings season is nearly over. Most copper miners (XME) including First Quantum Minerals (FM) and Freeport-McMoRan (FCX) have released their third-quarter results. Diversified miners like Rio Tinto (RIO) and BHP Billiton (BHP) have only released their operating performance. They only release their half-yearly and annual financial results.
Rio Tinto will spend $2.6bn developing the most technologically advanced mine in its global business, as the Anglo-Australian miner puts its faith in robots and big data to drive efficiencies at its iron ...
MELBOURNE/SYDNEY (Reuters) - Global miner Rio Tinto on Thursday formally pledged to plough billions of dollars into a futuristic iron ore mine in the red dirt of Western Australia, upping expected costs by nearly a fifth while lifting its projected output. Approval for the $2.6 billion facility at Koodaideri, in the resource-rich Pilbara area, marks the biggest investment commitment by the world's No. 2 iron ore miner since 2016, when it signed off on a $5.3 billion underground expansion of the Oyu Tolgoi copper mine in Mongolia. "It will be our most advanced mine," Chris Salisbury, Rio Tinto Iron Ore's chief executive told reporters on a conference call.
PLC (RIO.LN) approved a US$2.6 billion iron-ore mine in the Australian Outback that will be the miner’s most high-tech operation to date and buoy future production as older pits are depleted. Rio Tinto, the world’s second biggest mining company by value and No. 2 shipper of iron ore, the key ingredient in steel, said it will start construction of the Koodaideri iron-ore mine in Western Australia state next year with the goal of producing ore there by late 2021. Rio Tinto, widely viewed as a mining-industry leader on technology, says the Koodaideri mine will include more than 70 innovations that have been used ad hoc across its existing pits including a digital replica of the processing plant, an automated workshop and data analytics aimed at getting the best output and cutting downtime.
Leading mining and trading giant (EWU) Glencore (GLEN-L) has received “strong buy” ratings from eight analysts, while 12 have given its stock “buy” ratings.
(Reuters) - Global miner Rio Tinto Ltd said on Monday it will sell its entire stake in Rössing Uranium Ltd to China National Uranium Corp Ltd for up to $106.5 million.
Investing.com - The European basic resource sector was among the worst performers in European midday trade on Thursday, as worries over slowing global growth kept buyers on the sidelines.
So far in this series, we discussed that copper’s near-term outlook has been impacted by the slowdown in Chinese demand. However, the looming supply-side led deficit, as predicted by most market observers, is a bullish driver.
Freeport-McMoRan (FCX), the leading US-based copper miner, has seen a significant upside after the stock fell to its 52-week low after its third-quarter earnings were released. Although Freeport-McMoRan managed to beat its earnings estimates in the third quarter for the top line and bottom line, investors gave a thumbs down to its earnings.
BHP on Monday said it had signed an agreement with Australia's tax authorities to settle a long-running dispute over the global miner's operations in Singapore. Tax authorities had been in dispute with both firms over the amount of Australian tax payable from sales of Australian commodities to their Singapore marketing businesses.