following developments gleaned from Rio Tinto 's investor day, including chiefly ..... modest 7% discount to fair value. Rio 's business remains in recovery mode ..... diversified business model. And what was Rio 's greater share price discount has
* Plans to cut capital spending 20 pct a year to $8 bln in 2015
could become "much better." Concerns about a wave of new iron ore supplies from Vale and Australian rivals such as Rio Tinto ( RIO ) are overblown, Martins says; Vale estimates that one-third of the new iron ore production capacity by 2020 will
MELBOURNE, Dec 3 (Reuters) - Rio Tinto aims to cut capital spending by a fifth in each of the next two years as it focuses on paying down debt and boosting returns to shareholders, the global miner said on Tuesday.
Rio Tinto ( RIO ) is the latest miner to guide capital spending lower, announcing a 20% Y/Y capex cut to ~$8B in 2015, Bloomberg's Brett Foley reports; iron ore output will reach ~350M metric tons/year. Post your comment!
by the world's biggest coal consumer would be a big boost for miners who are trying to dispose of assets, such as Rio Tinto ( RIO ), which has put Australian and Mozambique coal operations up for sale; Peabody Energy ( BTU ), looking to sell
report, double click on - - - - LONDON - Heavyweight miner Rio Tinto helped keep the FTSE 100 in positive territory on Thursday ..... the Bank of England removed a mortgage support scheme. Rio Tinto enjoyed hefty gains in an otherwise subdued session
* Rio to wind down Gove alumina production from early next year
SYDNEY, Nov 29 (Reuters) - Rio Tinto PLC said on Friday it will suspend alumina production at its Gove refinery in Australia, saying the plant is no longer a viable business in the current market environment.
strong offshore leads with U.S. markets closed for the Thanksgiving holiday. But mining stocks may be boosted after Rio Tinto pulled the FTSE 100 in positive territory on Thursday. Australia's agribusiness, GrainCorp will be in focus after