open higher on Friday, tracking a surge on Wall Street spurred by strong industrial corporate earnings. Mining giant Rio Tinto will be in focus after its CEO received an open-ended job contract, ending speculation over his replacement. Qantas
ore, copper, and gold. Despite weakness in iron ore prices, we expect large global miners, such as BHP Billiton, Rio Tinto , and Vale will continue to add to supply. This should create some new demand for mining equipment. On the aggregates
NEW DELHI, Oct 22 (Reuters) - India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the...
6% ) to Hold from Buy but maintains a Buy rating on Rio Tinto ( RIO +1.5% ) and a Hold on Vale ( VALE +1.1% ). The ..... over the next year. Jefferies maintain its Buy rating on RIO based on relative valuation as well as capital return
SYDNEY/MELBOURNE, Oct 21 (Reuters) - A flood of low-cost iron ore is driving tiny Australian miner Atlas Iron to its break-even point, underscoring the pain inflicted by a ramp-up in output by mega-producers Rio Tinto and BHP Billiton.
Our Rio Tinto fair value estimate declines 6% to AUD ..... respectively. At our reduced fair value Rio Tinto is marginally overvalued. The company probably ..... diversified earnings stream, a key factor in Rio 's high fair value uncertainty to BHP
Now that Rio Tinto has scooped up Alcan, Alcoa finds itself a likely target.
Rio Tinto (NYSE: RIO ) -3.2% premarket as Cowen downgrades shares to Market Perform from ..... The firm is impressed by the level of integration of technology into RIO 's operations, but it is concerned that capacity expansions coupled
s long term survival and value than the absolute levels of production. With slower demand growth and BHP Billiton, Rio Tinto and Vale still expanding meaningfully, higher-cost miners will need to exit to balance supply. We could see Fortescue
MELBOURNE/HONG KONG, Oct 16 (Reuters) - A seat on the board, a bigger role in the world's largest mining company, a copper project in Peru or full control of an iron ore project in Guinea.