Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Rio Tinto PLC Add to portfolio

LON100:RIO, Jun 26, 12:49 UTC

Latest LON100:RIO News

Filter your feed

Apply Filter

Yesterday


News

UPDATE 1-Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

RIO RIO +3 more RIO RIO WMT GD RIO

OSLO, June 25 (Reuters) - Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The fund can also resume investing in Mexican tycoon Carlos Slim's Grupo Carso, U.S. defence company General Dynamics and fertiliser-maker Nutrien, the board added in a statement. The fund, one of the world's largest investors, has an ethical mandate set by parliament and is not allowed to invest in companies that produce nuclear weapons, cluster munitions and tobacco, among other ethical criteria. "Our company provides a range of jobs, and along with training and development, our associates have strong career opportunities. We are proud of what our associates achieve and the opportunities that we provide around the world," said a Walmart spokesman at the time.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

RIO RIO +2 more RIO RIO WMT RIO

OSLO (Reuters) - Norway's $1 trillion (784 billion pounds) wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The fund can also resume investing in Mexican tycoon Carlos Slim's Grupo Carso, U.S. defence company General Dynamics and fertiliser-maker Nutrien, the board added in a statement. The fund, one of the world's largest investors, has an ethical mandate set by parliament and is not allowed to invest in companies that produce nuclear weapons, cluster munitions and tobacco, among other ethical criteria. "Our company provides a range of jobs, and along with training and development, our associates have strong career opportunities. We are proud of what our associates achieve and the opportunities that we provide around the world," said a Walmart spokesman at the time.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Thursday, June 20


News

Rio Tinto's Autonomous Trains Can't Work In North America...Yet

RIO RIO +1 more RIO RIO RIO

Mining company Rio Tinto last week celebrated the completion of a multi-year project to deploy autonomous trains to serve its iron ore mines in western Australia. Rio Tinto touts its AutoHaul trains as belonging to the world's first automated heavy-haul long distance network. But Rio Tinto's trains in the Outback work under unique conditions that don't exist in North America, sources said. Still, the North American rail industry has visited Rio Tinto's trains in Australia to observe how that technology can be applied more locally. And so, while automated trains are unlikely in the near- and medium-term, automation – particularly for safety and operational applications – is a more tangible target. "The Rio Tinto situation is certainly different to that of Class I railroads (a captive railroad moving its own product, run when ready versus scheduled, etc. ), but I think paints a picture for the future," said Tom Forbes, chief executive officer of Biarri Rail, a technology company.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Rio Tinto renews partnership with Indspire to support Indigenous students

RIO RIO +1 more RIO RIO RIO

Through its Rio Tinto Aluminium Fund Canada, the company is providing $450,000 over the next three years to Indspire's Building Brighter Futures bursaries, scholarships and awards program as well as its recognition and development events—the National Gathering for Indigenous Education, the Indspire Awards and Soaring: Indigenous Youth Empowerment Gathering. Rio Tinto country head for Canada Alf Barrios said: "We're committed to working together with Indigenous Peoples to address challenges and create opportunities. When it comes to education and training for Indigenous youth, there are big gaps to be filled. Rio Tinto Award for Indigenous Students. As part of the renewed partnership, Rio Tinto is continuing to provide, through Indspire, the Rio Tinto Award for Indigenous Students, to offer financial support to Indigenous students who are enrolled or plan to enrol in post-secondary studies principally toward science, technology, engineering and mathematics (STEM) careers. Since 2015, the Award has supported 720 Indigenous students across Canada. Note to EditorsOther Rio Tinto-supported organisations that work with Indigenous youth include: Pathways to Education, the Breakfast Clubs, the Colloque sur la perseverance et la réussite scolaires chez les Premiers Peuples, the Carrier Sekani Vanderhoof Youth Center, the Kitamaat Valley Education Society, the Cheslatta Training Centre and the Haisla Nation Council. For further information: Douglas Chow, Director, Media Relations, Canada & Americas, douglas.chow@riotinto.com.

Read Full Details

Topics:
  • Business
  • Education
  • Health
  • Financial
News

Rio Tinto Renews Work on Giant Guinea Iron Ore Deposit

RIO

(Bloomberg) -- Rio Tinto Group is looking at new ways to develop the giant Simandou iron ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it has been the center of a bitter dispute that includes Vale SA and Israeli mining tycoon Beny Steinmetz. The second-largest miner has rehired consultants to work with its own team to study how the mine can be developed, said the people, who asked not to be identified because the matter is private. Simandou has caused much trouble for Rio -- the company is subject to criminal probes, two executives were dismissed over payments and it’s still refusing to pay bonuses to its former chief -- but the potential riches are too high to easily walk away from.

Read Full Details

Topics:
  • Business
  • Financial
News

ASX 200 lunch time report: CBA higher, Caltex & Rio Tinto lower

RIO RIO +2 more RIO RIO CBA RIO

Three of the big four banks have continued their positive form and are higher at lunch. The Rio Tinto Limited (ASX: RIO) share price has sunk 4.5% lower after the mining giant downgraded its iron ore shipments guidance from its Pilbara operations. The fuel retailer’s shares are down almost 19% at lunch after warning that challenging trading conditions would lead to a sharp decline in first half profits. The best performer on the benchmark index on Thursday has been the Evolution Mining Ltd (ASX: EVN) share price which has charged 6% higher thanks to the rise in the gold price.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, June 19


News

Adobe and Viacom rise while NCR and Rio Tinto fall

RIO RIO +2 more RIO RIO ADBE VIAB

Adobe and Viacom rise while NCR and Rio Tinto fall. The steel producer took action to offset lower prices and weaker demand by idling three blast furnaces. The furniture company's fiscal fourth quarter profit met Wall Street forecasts despite slightly shy revenue. The electronic manufacturing services company beat Wall Street's fiscal third quarter profit and revenue forecasts.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment
  • Science
News

Rio Tinto cuts iron ore shipments forecast from hub in Pilbara region

RIO RIO +1 more RIO RIO RIO

Rio Tinto cuts iron ore shipments forecast from hub in Pilbara region. June 19 (Reuters) - Rio Tinto Ltd said on Wednesday it was experiencing iron ore mine operational problems, particularly in the Greater Brockman hub in the Pilbara region in Australia, leading the miner to cut its shipments forecast from the area for 2019. Rio Tinto said the challenges were from a higher proportion of certain lower grade products, partly to protect the quality of its flagship Pilbara Blend. The FTSE 100 miner cut its forecast for 2019 Pilbara shipments on a 100% basis to between 320 million tonnes and 330 million tonnes from between 333 million tonnes and 343 million tonnes.

Read Full Details

Topics:
  • Business
  • Financial

Friday, June 14


News

Why the Rio Tinto share price is outperforming with the sector today

RIO RIO +1 more RIO RIO RIO

This pushed the Rio Tinto Limited (ASX: RIO) share price up nearly 2% to $103.82 this morning, while the BHP Group Ltd (ASX: BHP) share price added 1.1% to $40 and the Fortescue Metals Group Limited (ASX: FMG) share price surged 4.6% to $8.73. Worries about the supply of mainstream iron ore fines are reported to be behind the latest price surge and traders are expecting tight supply in July and August. Risk of a price correction in the second half. But not everyone is a bull. Some analysts, including those from Citigroup, point out that profit margins of these mills are under pressure and have become razor thin in recent times and that the supply of residential property is outstripping demand, which leads to a real risk that steel production could fall in the second half of this calendar year. Many analysts have assumed an iron ore price that’s materially under US$100 a tonne, so even if the ore price were to fall 20% from its expected peak, that shouldn’t impact much, if at all, on share valuations.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, May 29


News

Stock to Watch: Rio Tinto PLC (NYSE:RIO)

RIO RIO

Investors may be taking a closer look stock market trends as we move into the second half of the year. On the flip side, investors may become emotionally attached to a stock and not be able to part ways when the time has come. Looking at the last 12 week period, we note that the stock has moved 1.79%. Since the beginning of the calendar year, we note that shares have changed 23.16%. The 52-week high is currently 62.78, and the 52-week low is resting at 45.31. When shares are trading near the 52-week high or 52-week low, investors may be on the lookout for a breakout.

Read Full Details

Topics:
  • Business
  • Financial