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RIO, RIO TINTO LIMITED
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

"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: 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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Posts: 6,791
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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: 6,791
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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.


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
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


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



--------------------
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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Posts: 6,791
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QUOTE
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
 
 


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