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LON100:RIO, Apr 23, 04:55 UTC

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Tuesday, April 16


News

RPT-Australia shares climb as Rio Tinto, financials gain; NZ up

RIO RIO +2 more RIO RIO RIO CBA

April 16 (Reuters) - Australian shares climbed on Tuesday as Rio Tinto rose on expectations of higher iron ore prices owing to a tighter market, despite reporting a 14 percent fall in quarterly shipments. Rio, the world's second largest iron ore miner, gained 0.5 percent even as it cut its 2019 shipments estimate after a tropical cyclone hit quarterly shipments. Supply disruptions in Australia and elsewhere have resulted in prices of the steelmaking material surging to multi-year highs, boosting shares of miners. However, peers BHP Group Ltd and Fortescue Metals Group Ltd retreated 0.4 percent and 0.6 percent, respectively, ahead of their quarterly production reports this week. The healthcare index advanced 1.3 percent, supported by a 7.9 percent jump by bionic ear maker Cochlear Ltd. Cochlear on Tuesday announced a new implant which will be commercially available in Germany and other European countries in the coming months.

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ASX 200 lunch time report: Eclipx, Rio Tinto, & Westpac higher

RIO RIO +3 more RIO RIO RIO WBC CBA

At lunch on Tuesday the S&P/ASX 200 index has bounced back from a poor start and is up a solid 0.4% to 6,276.2 points. The Rio Tinto Limited (ASX: RIO) share price is up 1.5% at lunch after the market responded positively to its quarterly update. Although the company’s Pilbara iron ore shipments came in 14% lower at 69.1 million tonnes for the quarter, this was largely in line with expectations after recent disruptions. The Nearmap Ltd (ASX: NEA) share price has zoomed 5.5% higher today after the aerial imagery technology company was picked as the replacement for the soon to be acquired and delisted MYOB Group Ltd (ASX: MYO) in the benchmark S&P/ASX 200 index. Here it is... Our #1 Dividend Share Pick for 2019. For a brief time, The Motley Fool Australia is giving away some of its most valuable research of the entire year.

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Monday, April 15


News

Rio Tinto cuts FY iron ore guidance after cyclone hits first-quarter shipments

RIO RIO +1 more RIO RIO RIO

Rio Tinto cuts FY iron ore guidance after cyclone hits first-quarter shipments. (Reuters) - Anglo-Australian miner Rio Tinto Ltd on Tuesday reported a 14 percent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone that hit its export terminal in Western Australia last month. 2 miner of the steelmaking material, cut its annual iron ore shipments estimate to a range of 333 million to 343 million from a range of 338 million to 350 million tonnes announced earlier. Rio shipped 69.1 million tonnes in the quarter ended March 31, down from 80.3 million tonnes last year and well below the Goldman Sachs estimate of 74.7 million tonnes.

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Sunday, April 14


News

Rio Tinto commits extra $302 mln for Resolution copper project, eyes EV market

RIO RIO +1 more RIO RIO RIO

Rio Tinto commits extra $302 mln for Resolution copper project, eyes EV market. April 15 (Reuters) - Rio Tinto Ltd said on Monday it would invest an extra $302 million to develop its Resolution copper project in the U.S. state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles. The funds will be used bank-roll additional drilling, ore-body studies, infrastructure improvements and permitting activities with the miner aiming to advance the project to the final stage of the permitting phase, it said in a statement to the Australian Stock Exchange. Resolution, owned 55 percent by Rio and 45 percent by BHP Group , is one of the "most significant undeveloped copper projects in the world", Chief Executive Jean-Sébastien Jacques said.

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Rio Tinto (RIO) Cut to Underperform at BNP Paribas

RIO RIO +1 more RIO RIO RIO

Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $62.33. Rio Tinto has a 1-year low of $44.62 and a 1-year high of $63.27. Reilly Financial Advisors LLC now owns 1,365 shares of the mining company’s stock worth $66,000 after buying an additional 500 shares during the period.

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Thursday, April 11


News

Rio Tinto Group (RIO) Stock Analysis – Nasdaq Click

RIO

Throughout its latest trading session, Stock negotiated with the total exchanged volume of 3.03 million shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. To review the RIO previous performance, look at its past history, which highlighted below: During last 5 trades the stock fixed almost 1.67%. United Kingdom based company, Rio Tinto Group (RIO)’s latest closing price distance was 23.67% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 9.83% and 5.63% compared with the 20 Day Moving Average.

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Wednesday, April 10


News

Rio Tinto Plc (RIO) Valuation Rose While Impala Asset Management LLC Has Lowered Position by $7.80 Million

RIO RIO

Impala Asset Management Llc sold 162,564 shares as the company’s stock rose 22.82% with the market. Impala Asset Management Llc who had been investing in Rio Tinto Plc for a number of months, seems to be less bullish one the $69.48 billion market cap company. Impala Asset Management Llc, which manages about $2.53 billion and $1.85B US Long portfolio, upped its stake in Macys Inc (NYSE:M) by 1.02M shares to 2.19M shares, valued at $65.12 million in 2018Q4, according to the filing. More notable recent Rio Tinto Group (NYSE:RIO) news were published by: Seekingalpha.com which released: “Rio Tinto cuts 2019 iron ore output guidance following cyclone damage – Seeking Alpha” on April 01, 2019, also Investingnews.com with their article: “Uranium Exploration in Canada: The Athabasca Basin | INNspired – Investing News Network” published on April 09, 2019, Nasdaq.com published: “Crude Rises Amid Turmoil in Libya, OPEC Production Cuts – Nasdaq” on April 10, 2019.

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Tuesday, April 09


News

Rio Tinto says fire damages Pilbara iron ore operation

RIO RIO +1 more RIO RIO RIO

SYDNEY, April 10 (Reuters) - Mining giant Rio Tinto said a fire had damaged a facility at one of its Pilbara iron ore operations, though there was no word on whether it would impact shipping of the mineral. 2 miner of iron ore said a fire broke out on Saturday night in a screen house at its East Intercourse Island port operation in the Pilbara. Emergency services responded to the incident and the fire was brought under control with no injuries, the miner said in a statement. Rio recently cut its 2019 outlook for iron ore shipments from the Pilbara due to production disruption and damage caused by tropical cyclone Veronica.

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CRU-CESCO-Rio Tinto to join World Bank's green mining program

RIO RIO +1 more RIO RIO RIO

SANTIAGO, April 9 (Reuters) - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact. The program "will innovate and deploy financing specifically designed to manage the clean energy transition - responsibly, pragmatically and sustainably," Arnaud Soirat, Rio's head of copper and diamonds, said in a Tuesday speech at CRU's World Copper Conference in Santiago. Rio plans to offer technical consulting advice, as well as contribute $1 million over five years to the program, according to a spokesman, joining efforts by the World Bank to raise $50 million from the private sector.

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EXCLUSIVE: Rio Tinto Admits To Fire Damage At Dampier

RIO RIO +1 more RIO RIO RIO

"Rio Tinto confirms that a fire broke out on Saturday night in a screen house at our East Intercourse Island port operation in the Pilbara. A lump of iron ore will melt more easily in a steel making blast furnace as heated air can flow around it. Industry executives have previously indicated that further disruption to the north west Australian ore production could adversely affect international iron ore prices and dry bulk shipping. The Australian north west ports of Hedland (509 million tons or iron ore), Dampier (approx 146.4 million tons or iron ore) and Walcott (170.3m) together handled throughput of 825.9 million tons of iron ore. And, using the Department's figures to do the math, that means that the three north west ports account for about 98.8 percent of all of Australia's iron ore exports. And Australia iron ore exports account for about 53 percent of all globally traded iron ore. All other exporting countries combined, and that includes South Africa, Ukraine, the U.S. and Canada among many others, together produce about 466 million tons of iron ore, accrording to Statista.com.

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