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RIO, RIO TINTO LIMITED
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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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.


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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
 
nipper
post Posted: Dec 16 2018, 07:43 PM
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Expenditure records filed by Rio with Western Australian regulators show that the mining giant spent just under $9 million on exploration on two of its Paterson Range tenements in the year to 12 October.

While the spending figure may be slightly lower than many may have expected, given the frenzy of rumours and speculation emanating from the area about a big copper discovery in the area, the expenditure relates only to two of the dozens of leases Rio Tinto has pegged in the area over the past year.

It also doesn’t include any spending on the new air strip it is building nearby, or the overhaul of around 400 kilometres of road connecting the region to the Great Northern Highway.



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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: Dec 7 2018, 02:08 PM
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QUOTE
Leading off-market candidates are:
RIO Tinto (RIO)

Despite buying back ~10% of its ASX listed register for ~A$2.9bn via an off-market buy-back last month, we think RIO will return in the new year with another, potentially even larger off-market buy-back. RIO has recently announced three asset sales totaling ~US4.5bn, the proceeds of which we expect will be returned to shareholders. The largest of these is its interest in the Grasberg mine in Indonesia worth US$3.5bn. While this is subject to a number of regulatory approvals it is expected to close in 1H19. The one caveat for RIO is there is talk that they may bid for a minority interest in Teck Resources’ copper assets in Chile. This could cost ~US$2bn which would reduce the value of the potential buy-back.


https://www.livewiremarkets.com/wires/the-n...ranking-credits



--------------------
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: Dec 6 2018, 06:37 PM
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In Reply To: blacksheep's post @ Nov 28 2018, 01:42 PM

New road into Rio Tinto’s hush, hush find in Pilbara

Sean SmithThe West Australian

QUOTE
It remains reluctant to disclose what it is sitting on in the East Pilbara but mining giant Rio Tinto is spending more money to ensure better access.

The group yesterday confirmed it had tapped the Department of Mines and Petroleum for a licence that would make it easier to upgrade a 400km dirt road linking an exploration camp over its rumoured Winu copper discovery with the Great Northern Highway.

“The company confirms a miscellaneous licence application has been made for the purpose of undertaking maintenance on the existing road to allow for safer access to the site,” Rio said in response to questions from WestBusiness.

An upgraded road would make it easier to haul equipment to the camp, which is thought to support at least 50 workers.

Rio has already applied to build an airstrip to support the operations.


read more - https://thewest.com.au/business/mining/new-...-ng-b881041499z



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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: Dec 5 2018, 06:40 PM
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Rio Tinto is seen as another major investor in Serbia as it seeks to develop technology to extract lithium and borate from a 136 million-tonne reserve of jadarite, a mineral named after the Jadar River in the West of the country.

The company has not said how much it might invest in the country but Antic said it could be as high as $1 billion.

"It is not good for us, as the state, to speculate about private investments (by Rio Tinto) … but one could expect total investments of up to $1 billion," Antic said.

Officials of the Rio Sava, a Rio Tinto subsidiary in Serbia, could not be immediately reached for comment. On its corporate website, Rio Tinto says that the jadarite project is currently in the pre-feasibility stage.

"Significant investment is necessary to continue the technical analysis and planning which is required to move from pre-feasibility to feasibility, then to construction and operation," it said.

The production of lithium from jadarite, expected to start in 2023, would amount to 10 percent of the global consumption of the metal crucial for the production of batteries, Antic said.

http://www.mining.com/web/serbias-mining-s...-2023-minister/



--------------------
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: Nov 28 2018, 01:42 PM
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In Reply To: blacksheep's post @ Nov 11 2018, 11:47 AM

ASX needs to ask Rio question on Pilbara copper find as punters rush ‘nearology’ minnows
Sean Smith, CommentThe West Australian
QUOTE
The Australian Securities Exchange clearly doesn’t see a problem with the frenetic, but clearly uninformed, trading around Rio Tinto’s rumoured copper discovery in the Pilbara.

Rio remains tight-lipped about what it has stumbled on in the Paterson province, south-east of Port Hedland, where it has set up a large exploration camp to support a busy drilling effort.

To be fair, the miner is under no obligation to share what it has been up to. It obviously regards the “discovery” as immaterial in terms of its share price.

Subsequently, there is no requirement to come clean under the ASX’s listing rules.

However, its activities are clearly material to the small explorers holding tenements adjacent to Rio.

The “nearology” stocks have been running hot since speculation of a Rio find began to gain traction two weeks ago.

Antipa Resources, which holds 5000sqkm of ground in the Paterson, was in the action again yesterday, hitting a two-year high on turnover of 161 million shares.

Over at Sipa Resources, a near-record 124.5 million shares were traded as the company’s shares gained 10 per cent.

The duo have a combined share price of just 4.6¢, so the trading is hardly significant.

However, it should concern the ASX that the punters effectively gambling on the “nearology” stocks are operating in an information vacuum.

So, if the ASX is able to regularly go banging down the doors of under-resourced junior explorers demanding improved disclosure, perhaps it can put in a call to Rio asking — just asking, mind you — for some clarity about the Paterson, in the interests of an informed market.


https://thewest.com.au/business/mining/asx-...-ng-b881033798z



--------------------
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: Nov 26 2018, 08:29 PM
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Rio Tinto agrees sale of its stake in Rössing Uranium Limited
QUOTE
26 November 2018
Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited (“CNUC”) for
the sale of its entire 68.62 per cent stake in Rössing Uranium Limited (“Rössing”), owners of the Rössing mine in
Namibia, for up to $106.5 million.

The total consideration comprises an initial cash payment of $6.5 million, payable at completion, and a
contingent payment of up to $100 million following completion. The contingent payment is linked to uranium spot
prices and Rössing’s net income during the next seven calendar years. In addition, Rio Tinto will receive a cash
payment if CNUC sells the Zelda 20 Mineral Deposit during a restricted period following completion. The total
consideration is subject to a maximum cap of $106.5 million.

The transaction represents the culmination of an extensive assessment of strategic options considered by Rio
Tinto in relation to Rössing.

Rio Tinto chief executive J-S Jacques said “The sale of our interest in Rössing once again demonstrates our
commitment to strengthening our portfolio and focussing on our core assets, which deliver sector leading returns
in the short, medium and long term.

“Rio Tinto has a long history in Namibia and I would like to thank the many people across Rio Tinto and the
communities in which we operate who have contributed to the success of Rössing. I wish them continued
success under new ownership. Rio Tinto will work closely with CNUC to ensure a smooth transition and ongoing
sustainable operation at Rössing.”

The transaction is subject to certain conditions precedent, including merger approval from the Namibian
Competition Commission. Subject to these conditions being met, the transaction is expected to complete in the
first half of 2019.

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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: Nov 15 2018, 01:35 PM
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Rio Tinto joins race for Teck's copper project stake: sources
Clara Denina
QUOTE
LONDON (Reuters) - Rio Tinto is among parties making a final offer for a minority stake in Teck Resources Ltd’s Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8 billion, two sources close to the matter said.

The world’s second largest mining company is eager to boost its copper assets, with the metal viewed in the industry as having one of strongest outlooks. Existing reserves are dwindling and increased electrification means demand is likely to be strong.

https://www.reuters.com/article/us-teck-res...s-idUSKCN1NJ23P



--------------------
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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