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RIO, RIO TINTO LIMITED
nipper
post Posted: Oct 23 2019, 08:47 AM
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QUOTE
Rio Tinto could soon produce lithium, making treasure from the trash of its sideline American borates business. Borates have been produced near California's Death Valley for more than a century and Rio, which has owned the business since 1976, now has about 90 years of waste rock and tailings at the site.

A recent trial sought to find valuable minerals in all that waste, and Rio said the trial found a way to extract lithium after roasting, leaching and undertaking some other secret procedures with the waste.

''Our team had a eureka moment when they did some testing to look for valuable minerals beyond boron in our waste rock and found high grades of lithium,'' said Bold Baatar, Rio's energy and minerals chief executive. "If the trials continue to prove successful, this has the potential to become America’s largest domestic producer of battery-grade lithium."

- 11 secret herbs and spices?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 16 2019, 11:57 AM
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Rio Tinto ore shipments up 5pc
By Nick Toscano
QUOTE
Mining heavyweight Rio Tinto's shipments of the steelmaking raw material iron ore – Australia's most valuable export commodity – have increased by 5 per cent in the past three months despite concerns about trade tensions dampening demand from China's steel mills.

The Anglo-Australian miner reported on Wednesday it had shipped 86.1 million tonnes of iron ore in the July-September quarter, up from 81.9 million tonnes a year earlier.

"We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets," Rio Tinto chief executive Jean-Sébastien Jacques said.

"Our strong value over volume approach, coupled with our focus on operational performance and disciplined allocation of capital, will continue to deliver superior returns to shareholders over the short, medium and long term."
Noted also this morning Iron ore was up overnight +1.6% to $US93 a tonne

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 3 2019, 11:22 AM
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Rio Tinto takes GFG Alliance to arbitration over outstanding smelter payments
Reuters | September 2, 2019 | 1
QUOTE
Rio Tinto Plc has triggered an arbitration process with billionaire industrialist Sanjeev Gupta’s GFG Alliance because the company did not make final payments for its purchase of the Dunkerque aluminium smelter in France, Rio said on Monday.

Rio sold the smelter to GFG for $500 million last year in what was a standout deal for the emerging industrial powerhouse as it ramped up an acquisition spree.


QUOTE
The Financial Times first reported the story on Monday saying that the outstanding payment was $50 million.

However, GFG Group said in a statement to Reuters that outstanding payment amount was “significantly smaller,” and that the transaction had been “very successful” and relationships with its banks were constructive.


read more - https://www.mining.com/web/rio-tinto-takes-...elter-payments/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 10 2019, 12:11 PM
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Rio Tinto’s Resolution copper project in Arizona moves a step closer
Reuters | August 9, 2019
extract
QUOTE
Rio Tinto on Friday said it had moved a step closer to the development of a new copper project in Arizona, one of the few known major deposits of the metal, with the potential to meet around a quarter of U.S. demand.

Miners have been scouring the globe for new sources of copper – a mineral they predict will be in high demand as the world shifts towards renewable power and electric vehicles.

Resolution Copper, 55% owned by Rio Tinto and 45% by BHP , has spent years waiting for clearance from U.S. authorities to develop the underground mine.

read more - https://www.mining.com/web/rio-tintos-resol...-a-step-closer/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 5 2019, 03:12 PM
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Rio Tinto’s Iron Ore Benefit Hits A Peak
Australia | 1:56 PM

QUOTE
Rio Tinto has spread the benefit of surging iron ore prices in the first half but most brokers believe sustaining such a high rate of earnings will be difficult heading into 2020.

-Record interim cash return of US$3.5bn
-Operating difficulties prevail at the Brockman hub
-A drop in iron ore prices could be a catalyst for pressure on the shares

By Eva Brocklehurst

read more - https://www.fnarena.com/index.php/2019/08/0...it-hits-a-peak/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 3 2019, 01:15 PM
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In Reply To: nipper's post @ Aug 1 2019, 07:09 PM

Found this interesting...maybe truck drivers are not willing to work for RIO since they know their days are numbers with the company switching to autonomous?

QUOTE
Mr Salisbury said the switch from manned trucks to autonomous trucks at the Brockman 4 mine had not gone as well as hoped.

“We had some poor fleet performance, we bought in a back-up fleet while we were converting some trucks, that back-up fleet did not perform to expectations,” he said.

“Secondly, at the time there was a lot of labour turnover, the market is tight, labour markets are tight in Western Australia, so we had literally some trucks stand (idle) because we didn’t have the people.






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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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nipper
post Posted: Aug 1 2019, 07:09 PM
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Booming iron ore prices have delivered Rio Tinto's best half year revenue and profit result since 2014, and allowed it to splash $US1 billion ($1.45 billion) on a surprise special dividend. The $US4.93 billion underlying profit was better than analysts had expected and 12 per cent higher than the 2018 half year result.

But the strong profit result was marred by an $US800 million impairment on the value of the Oyu Tolgoi copper and gold mine in Mongolia.

Rio's dividend policy states that returns will tend to be bigger at the full year results each February, and many analysts had therefore expected Rio to pay nothing more than an interim dividend on Thursday. But the $US1.51 interim dividend will be complemented by a 61c special dividend




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jul 23 2019, 07:42 PM
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In Reply To: blacksheep's post @ Jul 20 2019, 10:54 PM

Interesting read about a young Eaton/Oxford educated Englishman who wrote s thesis on Oyu Tolgoi - part of a PhD sponsored by RIO. Not only did he criticise the project and circulate his paper to competitors, but also concocted a massive bet against the Oyu Tolgoi mine. Canadian part owner Turquoise Hill's shares have fallen almost 80% over the past year. RIO is a majority s/holder in TH

The former Rio Tinto adviser who became mining’s Big Short
Henry Steel has made big profits for Odey by betting against his ex-employer’s Oyu Tolgoi mine

QUOTE
Not only had Rio paid for a paper that criticised its own project, the document was widely circulated, including to competitors such as Glencore and Sir Mick Davis, the former head of Xstrata


https://www.ft.com/content/7d8101c0-a7e3-11...ee-3cdf3174eb89

Total short positions as at 17/7/2019 = 4.68%
https://www.shortman.com.au/stock?q=rio





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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jul 20 2019, 10:54 PM
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In Reply To: blacksheep's post @ Jul 18 2019, 12:27 PM

Mongolia seeks to rewrite Oyu Tolgoi deal with Rio
Cecilia Jamasmie | July 19, 2019
extract
QUOTE
Mongolian legislators will vote next month whether to rewrite a 2015 investment agreement with mining giant Rio Tinto (ASX, LON, NYSE:RIO) for the massive Oyu Tolgoi copper-gold mine, located in the Gobi Desert

The landlocked country currently owns 34% of the mine, with Canada’s Turquoise Hill Resources (TSE, NSYE: TRQ), which is majority-owned by Rio Tinto, holding the remaining 66%.

While the parliament is leaving the agreement covering the project’s ownership alone, it is likely to approve a series of binding recommendations that would end the 2015 “Dubai Agreement.” The document covers the costly and several times delayed underground expansion of Oyu Tolgoi.

read more - https://www.mining.com/mongolia-seeks-to-re...with-rio-tinto/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 18 2019, 12:27 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jul 16 2019, 12:36 PM

from AFR - on the back of the recently reported schedule and cost blow outs
Class action lawyers probe Rio's Mongolian maelstrom
QUOTE
29 mins ago Peter Ker US lawyers are calling for investors to come forward if they have been affected by the cost and schedule blowouts at Rio Tinto's Oyu Tolgoi project.

https://www.afr.com/business/mining/class-a...20190718-p528bh



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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