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Australia, the world's top iron-ore exporter, sends 80% of its iron ore--worth $67 billion last year--to China, and Brazil sends half its production of the mineral there.
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Jul 28, 2022RIO Share News. Financial News Articles for Rio Tinto Plc Ord 10P updated throughout the day. ... after a record 2021 and he forecast higher second-half production would help to control unit costs ...
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China March rail coal transport down 11.5 pct on yr, Rio Tinto to slash costs further to endure bumpy ride in iron ore, Tata Steel says no deal with UK unions; strike ballot to go ahead, China's Shenhua, Datong Group aim to reverse slide in coal exports, Lower oil price, weaker Aussie dollar cut Rio's iron ore costs,
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Earlier, on May 26, 2021 iron ore prices had plunged to 1-month low of $183 per ton due to China's campaign to limit steel output to reduce carbon emissions. Thus, the prospect of relaxing...
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The iron ore price has crashed below the trajectory implied by the federal government's budget forecasts. "While higher prices in July 2021 still mean that the year-to-date average iron ore price ...
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Aug 15 - Turquoise Hill committee terminates review of Rio Tinto's $2.7 bln offer Turquoise Hill Resources Ltd said on Monday its special committee terminated a review of Rio Tinto Ltd's offer to buy the rest 49% stake for $2.7 billion as it did not reflect the Canadian company's full and fair value.
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Australia slashed its export revenue from iron ore in the year to June 2013 by 21 per cent to A$53.2 billion ($54.42 billion) from a previous estimate amid signs of waning appetite from China, raising concern a resources boom that has helped shield Australia from recession for 21 years is ending.
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Rio Tinto wants copper, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters.
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The sharp plunge in iron ore was reflected in Rio's underlying earnings from the metal, which dropped 51 per cent to $3.95billion for 2015. Underlying earnings for aluminium slipped 10 per cent,...
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LONDON -Global miner Anglo American cut payouts to shareholders after higher costs and lower production, in part because of extreme weather, reduced first-half earnings by just over a quarter versus a year ago. Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits, and said inflation had been sharper ...
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In today's Daily Dose: Rio Tinto's first-quarter production of iron ore jumps year over year; Newmont to shelve Conga gold project; and Czech group to acquire Vattenfall's lignite mines in Germany.
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From a low of $86.70 a tonne in September, prices hit $158.50 last week, a level last seen during the boom days of early 2011 when the price of benchmark iron ore rose to almost $200 a tonne. Iron...
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25th Oct 2012, by Agrimoney The European Commission risked further straining relations with Ukraine by condemning the Black Sea country for its - apparent - wheat export ban, warning that the curbs, which stand to leave top importer Egypt in the lurch, will add "unnecessary tension" to tight crop markets.
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Rio Sells Potash, Iron-Ore Assets to Vale to Cut Debt. By Rebecca Keenan and Jean Chua. Bloomberg. 30th January 2008. Rio Tinto Group, the world's third- largest mining company, agreed to sell South American potash and iron-ore assets to Cia. Vale do Rio Doce for $1.6 billion in cash to help meet a debt-reduction goal.
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Antofagasta posted a fall in half-year profit on Thursday, as higher costs, lower grades and a persistent drought in Chile hit the miner's copper production. It said it would slash its interim ...
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16 Wall Street research analysts have issued 12-month price targets for Rio Tinto Group's shares. Their RIO share price forecasts range from $70.00 to $5,900.00. On average, they predict the company's share price to reach $4,345.71 in the next twelve months. This suggests a possible upside of 7,777.0% from the stock's current price.
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Free cashflow hit a new record of $24.3 billion, up some 39% from last year as a result of higher commodity prices and a tight control over costs. That allowed the company to slash its net debt pile to just $333 million by the end of the financial year, down an impressive 92% from the $4.1 billion it had on its books 12 months earlier.
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Lower copper prices drive Oz Minerals' fair value estimate down 12% to AUD 19 per share. Along with falling iron ore prices, they also drive reduced fair values for BHP (down 3%), Rio (down 6%. bts ff ideas, montana dnrc map, newark ice cream law why, property in abergavenny brecon, Squarespace version: 7.1,
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Free cashflow hit a new record of $24.3 billion, up some 39% from last year as a result of higher commodity prices and a tight control over costs. That allowed the company to slash its net debt pile to just $333 million by the end of the financial year, down an impressive 92% from the $4.1 billion it had on its books 12 months earlier.
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1. In the Slider Settings -> Troubleshooting set option: Put JS Includes To Body option to true. 2. Find the double jquery.js include and remove it. News, Iron, coal provide temporary budget boost, September 21, 2022, Comments 0,
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Record ferrochrome production up 2,000t to 395,000t from Merafe Resources' 20.5% stake in the Glencore Merafe Chrome ... Global miner Rio Tinto comes back to the table with an increased cash bid for full ownership of subsidiary Turquoise Hill and a direct 66% control of the Oyu Tolgoi project in Mongolia. ... Three months after the Queensland ...
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Oct 16, 2017Rio Tinto Group is on track for record annual shipments of iron ore as the world's second-largest exporter's rail capacity increases and imports by China's steel mills keep surging.. The ...
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A Rio Tinto logo is displayed on the front of a wall panel during a news conference in Sydney November 29, 2012. ... RIO NEEDS NEW IRON ORE FOCUS. China's steel output hit a record 823 million ...
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Aug 16, 2022BHP slashes debt and pays record dividend. Free cashflow hit a new record of $24.3 billion, up some 39% from last year as a result of higher commodity prices and a tight control over costs. That allowed the company to slash its net debt pile to just $333 million by the end of the financial year, down an impressive 92% from the $4.1 billion it ...
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Rio Tinto slashes dividend as profits take a hit; shares tumble. Yahoo. ... Vale (VALE) Reports 17% Sequential Rise in Q2 Iron Ore Output. Yahoo. 07/20 12:17. ... Labrador Iron Ore Notes Rio Tinto's Release of Iron Ore Co's Q4 Production, Sales Figures. MT Newswires. 01/19 08:11.
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The boost to the federal budget from higher iron ore prices is not set to last for too much longer, with UBS predicting the steel making material will fall back to its long term price of around ...
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It is moving "from strength to strength." For RTP, the net net has been to drive iron ore prices higher to the point where steel companies are moaning about resource costs. Most RTP mines are...
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The debt-laden firm last month slammed the brakes on its plan to triple capacity to 155 million metric tons this year as the iron ore price slump forced it to slash spending. It managed to raise $5...
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CEO Sidney Himmel told Mining Weekly Online that potash operations are generally highly cash intensive in getting off the ground. "We are talking anything from about $2-billion upwards past $5-billion to construct a potash mine," he said during an interview.
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LONDON (Reuters) -Global miner Anglo American cut payouts to shareholders after higher costs and lower production, in part because of extreme weather, reduced first-half earnings by just over a quarter versus a year ago. Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits, and said inflation had been sharper than expected, while analysts flagged the ...
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Rio said its belt-tightening measures -- which totalled US$3.2 billion since 2012, coupled with record production volumes and a company-wide productivity drive -- allowed it to slash its net debt...
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For all of 2021, Anglo paid out a record $6.2 billion, including a $1 billion share buyback. Capital expenditure increased by 13% from a year earlier, to $2.6 billion, which Anglo attributed to...
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Iron ore export earnings are forecast at A$135 billion for the 2021-22 year, down from A$158 billion in 2020-21, with lower prices the culprit given that volumes are expected to rise to 897 million tonnes from 867 million. But the price assumption used for iron ore for the 2021-22 year is $118 a tonne.
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LONDON (Reuters) -Global miner Anglo American cut payouts to shareholders after higher costs and lower production, in part because of extreme weather, reduced first-half earnings by just over a quarter versus a year ago. Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits, and said inflation had been sharper than expected, while analysts flagged the ...
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Jun 2, 2021Earlier, on May 26, 2021 iron ore prices had plunged to 1-month low of $183 per ton due to China's campaign to limit steel output to reduce carbon emissions. Thus, the prospect of relaxing ...
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California Power Use to Hit Record, Raising Chance of Blackouts. ... The Daily Chase: 'Super bubble' warning; Rio Tinto set to buy Turquoise Hill. BoC will stop 'dancing around' recession risks: Top Bay Streeter. ... Iron ore sank 2.5 per cent to US$86.10 per metric ton. Related.
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Even resurrecting idled plants can be prohibitively costly at a time when construction and labor costs in the U.S. are booming. With California unveiling this week a roadmap to slash oil use by 91% from 2022 levels by 2045 and other places moving to limit fossil-fuel use in the decades ahead, refining companies and their investors can see the ...
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The world's biggest mining company BHP Billiton has agreed to slash the price it charges steel-makers for coal by 58 per cent, in response to a sharp downturn in the global steel industry.
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Due to higher alumina prices and shipments during the third quarter, Alcoa's revenue increased by 10 per cent to $2.4 billion. Alcoa president and chief executive officer Roy Harvey commended the company's efforts to not only maintain stability, but exceed it with record results, despite the COVID-19 pandemic.
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The outlook appears less certain right now, with iron ore prices last sitting around the US$133 per tonne mark, some 42% off the peak recorded in May. That will have a flow on effect, to be sure and the market knows it. The FMG share price is down 19% in the last month, as investors increasingly focus on the downside risk.
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