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RIO, RIO TINTO LIMITED
blacksheep
post Posted: Mar 24 2019, 11:14 AM
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extract from Bloomberg article - https://www.bloomberg.com/news/articles/201...atter-australia
QUOTE
Following is a table of some of the companies and operations that may be affected by the cyclones.

COMPANY CYCLONE OPERATIONS PRODUCT REGION
Glencore Trevor McArthur River Zinc Northern Territory
South32 Trevor GEMCO Manganese Northern Territory
BHP Veronica Pilbara/Offshore WA Iron ore/oil Western Australia
Rio Tinto Veronica Pilbara Iron ore Western Australia
Fortescue Veronica Pilbara Iron ore Western Australia
Woodside Veronica NWS/Pluto LNG Western Australia
Chevron Veronica Gorgon LNG Western Australia
Santos Veronica Varanus/Devil Creek Gas Western Australia
Jadestone Veronica Stag Oil Western Australia
Barrick-Newmont Veronica Kalgoorlie Gold Western Australia


Might also impact IO prices - Mass evacuations as Brazil's Vale reports dam in danger of collapse - https://www.theage.com.au/world/south-ameri...324-p516zy.html



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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: Mar 8 2019, 11:22 AM
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Rio Tinto's shares take hit after two analyst downgrades

QUOTE
Iron ore mining giant Rio Tinto's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.

On Wednesday, Swiss bank UBS lowered its Buy rating for Rio Tinto to Neutral, citing a possible downturn in iron ore prices over the next six months.

This was followed up Thursday by another downgrade — from Hold to Sell by French investment bank Société Générale (SocGen), which cut ratings for both Rio Tinto and BHP.

The hit comes just days after the miner's investors were handed a $4 billion special dividend or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.


QUOTE
On a positive note, SocGen has increased their price target for Rio Tinto, while UBS kept the price target at 4,500 pence sterling.


read more - http://www.mining.com/rio-tintos-shares-ta...yst-downgrades/

Short alert Wednesday 6 March. Total short positions as at 1/3/2019 = 4.04%
QUOTE
Wed 6th Mar, 2019 2,023,112 371,216,214 0.54% 2,631,750 76.87%

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
 
blacksheep
post Posted: Feb 28 2019, 10:42 AM
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In Reply To: blacksheep's post @ Nov 28 2018, 01:42 PM

Nearology minnows SRI up 6.25% currently, while AZY is flat

QUOTE
Rio Tinto has finally pulled the covers off its rumoured big copper find in the remote Paterson province of the East Pilbara, revealing an encouraging discovery but one that is still in its infancy.

Releasing its 2018 full-year results yesterday, the mining giant also announced that drilling at its Winu project 130km north of Telfer had intercepted copper, gold and silver.

The company revealed it had drilled eight RC holes and 20 diamond holes between December 2017 and the end of last year for a total of 13,286m. Assay results revealed some wide intersections of vein-style mineralisation with grades above one per cent copper, 1g/t gold and up to 26.41g/t silver.

Rio said the mineralisation had been encountered beneath relatively shallow cover from 50-100m and remained open at depth and to the east, north and south.

However, it is yet to establish a resource estimate for the find.

Four holes covering 1409m have been completed since drilling resumed in mid-January with assay results pending.

Rio chief executive J-S Jacques described the Winu discovery as promising, although it was early days and more work needed to be done.

“But the initial results from the first phase of drilling are pretty encouraging, there is copper, there is gold, there is silver,” he said.

“And I’m really looking forward to the second phase and for sure we will keep you and the market updated.”

Speculation about the scale of Rio’s find in the East Pilbara went into overdrive late last year after it was revealed the company had set up an exploration camp at Winu, applied to upgrade roads to the location and planned to build an airstrip on site.

The activity has stoked hopes of belt-scale mineralisation across the Paterson province and prompted a scramble for land adjacent to Rio’s vast 11,000sqkm tenement package in the area.

Mr Jacques said the company had agreed to increase its investment at Winu, its adjacent tenements and joint venture licences to support drill work as part of the mining giant’s $US250 million global exploration spend this year, with a focus on copper.

https://thewest.com.au/business/mining/at-l...-ng-b881120449z



--------------------
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: Feb 28 2019, 10:15 AM
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In Reply To: blacksheep's post @ Feb 27 2019, 08:23 PM

QUOTE
Deutsche Bank rates RIO as Hold

2018 earnings were in line with Deutsche Bank's estimates. The broker observes the company's preference now appears to have switched to dividends as opposed to buybacks, with the first special dividend declared since 2006.

On the negative side, the Oyu Tolgoi copper project is now under review. The broker maintains a Hold rating and $82.50 target.




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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  
 
nipper
post Posted: Feb 27 2019, 09:21 PM
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It’s raining dividends
QUOTE
Rio Tinto Limited (ASX: RIO) share price is likely to find support tomorrow morning after the miner declared a special dividend as it posted a consensus-beating underlying full year profit.

UK investors were the first to react to the news with the Rio Tinto’s London-listed shares jumping 1.9% at the open to 4,470 pence.

The miner said it would reward shareholders with a fully franked special dividend worth US$4 billion on top of its final dividend of US$1.80, which was the same amount it paid out last year although the weaker Australian dollar means Aussie shareholders should see around an 11% boost.

The total distribution Aussie shareholders will receive is nearly $5.90 per share. Add in its interim dividend plus all the franking credits and the stock has a whopping 11.4% yield for 2018 based on Wednesay’s closing share price! This doesn’t consider the share buybacks that Rio Tinto had undertaken.

The dividends will lift the total capital returns from Rio Tinto to a record US$13.5 billion as the miner’s coffers overflowed from asset sales, like the Grasberg copper mine in Indonesia and the Dunkerque aluminium smelter in France, and the stubbornly high iron ore price.

However, Rio Tinto reported a 15% drop in its 2018 operating cash flow to US$11.8 billion from the year before due to the timing of tax payments and higher inventory balances. Rio Tinto’s financial year is the same as the calendar year.

The miner was also plagued by higher costs with rises in energy and raw materials putting pressure on margins, which was evidenced by a US$0.5 billion increase in revenue to $40.5 billion but a 2% drop in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to US$18.1 billion.




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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

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Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Feb 27 2019, 08:32 PM
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In Reply To: blacksheep's post @ Dec 6 2018, 06:37 PM

QUOTE
MELBOURNE (Reuters) - Rio Tinto has made a promising find of copper, gold and silver at its Winu prospect in Western Australia, Chief Executive Jean-Sébastien Jacques said on Wednesday.

“What is clear is there’s a lot of copper, a lot of gold, a lot of silver,” he said, speaking to reporters after the miner reported its 2018 earnings, adding there had been some “interesting” drilling results.

https://www.reuters.com/article/us-rio-tint...a-idUSKCN1QG0N5



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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: Feb 27 2019, 08:23 PM
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Results probably already factored into SP. The special dividend may be tempting

Rio Tinto rewards shareholders with $9.9 billion in dividends, as profit lifts
By business reporter Nassim Khadem
Posted about 2 hours ago

QUOTE
Mining giant Rio Tinto has rewarded shareholders with $US7.1 billion ($9.89 billion) of dividends, making it the latest company to give back special dividends to its investors.

The miner on Wednesday announced a $US4 billion ($5.57 billion) special dividend, after reporting a 2 per cent rise in underlying profit to $US8.8 billion.

The special dividend is on top of a final dividend worth a total of $US3.1 billion for shareholders, and will be funded with a number of assets sales announced in 2018 including its Grasberg copper mine in Indonesia and its Dunkerque aluminium smelter in France.

Rio's final dividend will be $US1.80 per share. The special dividend is equal to $US2.43 per share.

The company's total cash returns in the 2018 year hit $US13.5 billion.

Rio Tinto's net revenue was $40.5 billion in 2018, which was $0.5 billion more than in 2017.

read more - https://www.abc.net.au/news/2019-02-27/rio-...ancoal/10854510
total short positions as at 21/2/19 = 4.08%
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
 
blacksheep
post Posted: Feb 2 2019, 10:39 AM
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In Reply To: blacksheep's post @ Jan 30 2019, 12:21 PM

Is the IO rally over - Shorts have been piling into FMG, RIO and BHP in recent days.

Bloomberg article is of the same opinion - several reasons given - see link for full details plus charts
This iron ore rally is living on borrowed time
Bloomberg Opinion | about 5 hours ago |
extract
QUOTE
Vale’s prize asset, the S11D mine, is still running at barely more than half the full annual-production capacity of 90 million tons that it should hit next year, giving plenty of scope to make up the shortfall from other pits.The more important issue is what’s happening on the demand side, though. The Baltic Dry Index is a frequently watched measure of shipping costs, heavily influenced by the price of leasing the Capesize bulk ships that transport coal and iron ore. On Friday it fell to its lowest level in nearly two years, down almost 40 percent in the space of a month.


QUOTE
The more likely scenario is that prices trying to scale the hill of shrinking supply are ignoring the gulf of falling demand. This rally is living on borrowed time.

http://www.mining.com/web/iron-ore-rally-l...-borrowed-time/

Notable short alert on 30/1/19
QUOTE
Wed 30th Jan, 2019 2,889,273 371,216,214 0.77% 6,375,164 45.32%

Total short positions @ 25/1/19 = 3.45% - this figure should go up when shorts entered into after 25/1 are added.
https://www.shortman.com.au/stock?q=rio

As with FMG, RIO chart also displays 2 gaps
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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: Jan 30 2019, 12:21 PM
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In Reply To: blacksheep's post @ Jan 29 2019, 08:32 PM

Updated chart - SP currently up 3.42% @ $86.39. Had reached $89.65/ 6% earlier.

Short positions as at 23/1/2019 = 3.63%
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
 
blacksheep
post Posted: Jan 29 2019, 08:32 PM
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Posts: 5,632
Thanks: 2110


Australian iron ore miners' prices set to jump following Vale disaster
By Luke Housego
Updated 29 Jan 2019 — 7:50 PM,
first published at 5:47 PM

QUOTE
BHP, Rio Tinto and Fortescue are among the Australian iron ore producers that may reap higher prices if Brazilian authorities order a halt to iron ore miner Vale's operations in response to the fatal Feijao dam collapse in which 65 people have been confirmed dead so far.


QUOTE
The fallout from the recent dam collapse also could affect the ongoing settlement negotiations with the Samarco joint venture, which is equally owned by BHP and Vale.

read more - https://www.afr.com/business/mining/iron-or...20190129-h1al9s
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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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