Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Rio Tinto (RIO)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Rio Tinto (RIO)

#204142

Postby idpickering » February 27th, 2019, 6:32 am

Highlights of results here; viewtopic.php?f=15&t=16471

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#204369

Postby idpickering » February 27th, 2019, 5:25 pm

This from TMF;

£2,000 to invest? Then I’d consider these 2 growth and income stocks today

A lot of investors have been wary of mining giants amid talk of a global economic slowdown and a bursting Chinese bubble. I’m one of them, but maybe I got it wrong. FTSE 100-listed iron ore specialist Rio Tinto (LSE: RIO) is up 142% over three years and delighted markets today by announcing a bumper $4bn special dividend.

Rio to go

Rio’s full-year earnings were better than expected with revenues up $500m to $40bn and earnings rising 2% to $8.8bn. That $4bn special dividend, funded from the sale of its Grasberg copper mine in Indonesia and other non-core assets which raised $8.6bn, works out at $2.43 per share. It comes on top of a final dividend of $1.80 per share.

Rio Tinto is now even more focussed on iron ore, mainly in Australia, and plans to produce 338m-350m tonnes in 2019. Copper production was mixed with a potential major new discovery in Australia offset by a delay at another large site in Mongolia.

Cashing in

Shareholders can anticipate further long-term cash returns, which Rio said should be in a range of 40-60% of underlying earnings. Net debt of $4.1bn has turned into a net cash position of $300m, including cash and highly liquid investments of $13.3bn. That puts it in a strong position in case of a Chinese or commodity downturn.

This £56bn giant trades at just 11.6 times forecast earnings and its forward yield is 5.4%. Numbers like that could put some iron in your portfolio.


https://www.fool.co.uk/investing/2019/0 ... cks-today/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#211779

Postby idpickering » April 1st, 2019, 7:06 am

Update on Tropical Cyclone Veronica

Rio Tinto's iron ore operations in the Pilbara, Western Australia, are progressively resuming following the passing of Tropical Cyclone Veronica. However, initial inspections uncovered some damage to the Cape Lambert A port facility. As a result, Rio Tinto has declared force majeure on certain contracts and is working with its customers to minimise any disruption in supply.

The impact of the disruption to production caused by the cyclone and repairing the damage sustained at the port facilities, combined with the damage caused by the fire at Cape Lambert A in January, will result in a loss of approximately 14 million tonnes of production in 2019. As a result Rio Tinto's Pilbara shipments in 2019 are expected to be at the lower end of the 338 and 350 million tonnes (100 per cent basis) guidance provided.

Safety remains our top priority as we ramp up operations, and undertake the necessary remediation work, following the passing of the cyclone.


https://www.investegate.co.uk/rio-tinto ... 00045835U/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#214537

Postby idpickering » April 12th, 2019, 7:06 am

Notice of dividend currency exchange rates - 2018 final and special dividends

12 April 2019



On 27 February 2019, Rio Tinto announced a final dividend of 180.00 US cents per share and a special dividend of 243.00 US cents per share for the full year ending 31 December 2018, with Rio Tinto Limited shareholders to be paid:

· a final dividend of 250.89 Australian cents per ordinary share; and

· a special dividend of 338.70 Australian cents per ordinary share;

and Rio Tinto plc shareholders to be paid:

· a final dividend of 135.96 British pence per ordinary share; and

· a special dividend of 183.55 British pence per ordinary share.


https://www.investegate.co.uk/rio-tinto ... 00049834V/

PaulBullet
Lemon Pip
Posts: 81
Joined: November 7th, 2016, 8:26 am
Has thanked: 23 times
Been thanked: 31 times

Re: Rio Tinto (RIO)

#214543

Postby PaulBullet » April 12th, 2019, 7:56 am

The final and special dividend will be paid to shareholders of Rio Tinto Limited and Rio Tinto plc and to ADR holders on 18 April 2019.

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Rio Tinto (RIO)

#214556

Postby monabri » April 12th, 2019, 9:03 am

"Iron ore price rally could give BHP, Rio Tinto 30% earnings boost"


http://www.mining.com/iron-ore-price-ra ... ngs-boost/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#214583

Postby idpickering » April 12th, 2019, 9:59 am

monabri wrote:"Iron ore price rally could give BHP, Rio Tinto 30% earnings boost"


http://www.mining.com/iron-ore-price-ra ... ngs-boost/


BHP Group trading statement is out next Tuesday. I hold both RIO and BHP, and have no intention of selling.

Ian.

77ss
Lemon Quarter
Posts: 1271
Joined: November 4th, 2016, 10:42 am
Has thanked: 233 times
Been thanked: 414 times

Re: Rio Tinto (RIO)

#214590

Postby 77ss » April 12th, 2019, 10:11 am

monabri wrote:"Iron ore price rally could give BHP, Rio Tinto 30% earnings boost"


http://www.mining.com/iron-ore-price-ra ... ngs-boost/


That would be nice, but prices go down as well as up. I assume that at some stage, VALE will be able to up its production.

In the longer term, the Winu deposit (copper/silver/gold) is of interest. No guarantees yet, and new mines can take an awfully long time to develop.

But not as long in Australia as in Mongolia, one hopes!

http://www.riotinto.com/media/media-rel ... 27052.aspx

tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: Rio Tinto (RIO)

#214622

Postby tjh290633 » April 12th, 2019, 12:18 pm

idpickering wrote:Notice of dividend currency exchange rates - 2018 final and special dividends

12 April 2019



On 27 February 2019, Rio Tinto announced a final dividend of 180.00 US cents per share and a special dividend of 243.00 US cents per share for the full year ending 31 December 2018, with Rio Tinto Limited shareholders to be paid:

· a final dividend of 250.89 Australian cents per ordinary share; and

· a special dividend of 338.70 Australian cents per ordinary share;

and Rio Tinto plc shareholders to be paid:

· a final dividend of 135.96 British pence per ordinary share; and

· a special dividend of 183.55 British pence per ordinary share.


https://www.investegate.co.uk/rio-tinto ... 00049834V/


Those are actually the figures quoted in February in https://www.investegate.co.uk/rio-tinto ... 01062473R/

The difference this time is if someone in the Australian company makes a currency election:

The currency exchange rates which apply for Rio Tinto Limited shareholders who elect to receive the final and special dividend in pounds sterling and Rio Tinto plc shareholders who elect to receive the final and special dividend in Australian dollars are the currency exchange rates applicable on 11 April 2019, being five business days prior to the dividend payment date.

This announcement confirms the currency exchange rates applicable for the 2018 final and special dividends for shareholders who have made a currency election:


I doubt that many here will fall into that category.

TJH

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#215078

Postby idpickering » April 15th, 2019, 7:04 am

Rio Tinto approves an additional $302 million investment in Resolution copper project

Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of the project's permitting phase.


https://www.investegate.co.uk/rio-tinto ... 00061231W/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Rio Tinto releases first quarter production results

#215311

Postby idpickering » April 16th, 2019, 6:04 am


idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#236923

Postby idpickering » July 16th, 2019, 4:24 am

Rio Tinto releases second quarter production results

Rio Tinto chief executive J-S Jacques said “We saw a challenging operational performance across our portfolio in the first half, while also investing in future growth at Richards Bay Minerals and Resolution. Whilst we experienced operational and weather issues at our iron ore operations in Australia, pricing and market demand has remained robust. We remain focused on safely improving and optimising the performance and productivity of our assets in order to drive future cash flow. This, combined with our value over volume strategy and the disciplined allocation of capital, will continue to deliver superior returns to our shareholders in the short, medium and long term.”


http://www.riotinto.com/documents/19071 ... esults.pdf

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#236930

Postby idpickering » July 16th, 2019, 7:04 am

Update on Oyu Tolgoi underground project

Rio Tinto is today providing an update on the schedule and cost of the Oyu Tolgoi underground project ('the Project') in Mongolia.

The Project continued to progress in 2019 towards its path to become one of the largest copper mines in the world.

Since February, key below ground infrastructure such as the control room facility and the jaw crusher system are now complete and construction of shafts 3 and 4 is progressing well. The commissioning of shaft 2 remains on track for October 2019.

https://www.investegate.co.uk/rio-tinto ... 00016098F/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#236931

Postby idpickering » July 16th, 2019, 7:06 am

Rio Tinto completes sale of its stake in Rössing Uranium Limited

Rio Tinto has completed the sale of its entire interest in the Rössing uranium mine in Namibia to China National Uranium Corporation Limited (CNUC) for an initial cash payment of $6.5 million plus a contingent payment of up to $100 million.

Rio Tinto chief executive J-S Jacques said "This sale demonstrates Rio Tinto's commitment to further simplifying and strengthening our portfolio and brings the total divestment proceeds received since 2017 to $11.2 billion, of which $9.7 billion has been returned to our shareholders.

https://www.investegate.co.uk/rio-tinto ... 00016097F/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#240954

Postby idpickering » August 1st, 2019, 7:24 am


idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#251570

Postby idpickering » September 13th, 2019, 7:09 am

Notice of dividend currency exchange rates - 2019 interim and special dividends https://www.investegate.co.uk/rio-tinto ... 00081934M/

tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: Rio Tinto (RIO)

#251594

Postby tjh290633 » September 13th, 2019, 11:27 am

This RNS gives the rates applicable for those who have elected to be paid in the "other" currency.

TJH

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#259576

Postby idpickering » October 23rd, 2019, 7:06 am

Rio Tinto to review future of New Zealand's Aluminium Smelter

Rio Tinto will conduct a strategic review of its interest in New Zealand's Aluminium Smelter (NZAS) at Tiwai Point, to determine the operation's ongoing viability and competitive position.


https://www.investegate.co.uk/rio-tinto ... 00037793Q/

77ss
Lemon Quarter
Posts: 1271
Joined: November 4th, 2016, 10:42 am
Has thanked: 233 times
Been thanked: 414 times

Re: Rio Tinto (RIO)

#259717

Postby 77ss » October 23rd, 2019, 7:06 pm

An interesting item today's press, summarised by:

https://www.benchmarkminerals.com/lithi ... d-by-2030/

A century's worth of overburden/tailings at the huge Boron mine is said to have significant and exploitable lithium content. I've not noticed any regulatory announcements.

LCE prices have been tumbling of late - too many miners getting into the act? At full scale/today's prices, Rio's 15K tonne project would give an annual revenue of about $150m. Small beer by Rio's normal standards, but given that the stuff has already been mined.....
Moderator Message:
Moved here and renamed. Please pay some attention to the guidelines of this board before posting. Thanks - Chris

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Rio Tinto (RIO)

#267554

Postby idpickering » November 27th, 2019, 7:45 am

Rio Tinto approves $749 million investment in Pilbara iron ore mine

Rio Tinto has approved a $749 million (A$1 billion) investment in its existing Greater Tom Price operations (100% owned) to help sustain the production capacity of its world-class iron ore business in the Pilbara of Western Australia.


https://www.investegate.co.uk/rio-tinto ... 02228145U/


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: No registered users and 5 guests