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RIO, RIO TINTO LIMITED
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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Posts: 6,104
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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.






--------------------
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: Aug 1 2019, 07:09 PM
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Posts: 5,857
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QUOTE
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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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
 
blacksheep
post Posted: Jul 16 2019, 12:36 PM
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In Reply To: early birds's post @ Jul 15 2019, 10:33 PM

Might take a bit longer than 1 to 2 years. RIO's Oyu Tolgoi copper-gold-silver mine in Mongolia began construction in 2010 and shipped it's first production in 2013. The expansion was approved in 2015, originally scheduled for completion early 2020 but now delayed until between May 2022-June2023. AFR reported this morning - "Rio Tinto says Mongolia blow out may top $2.7b" - https://www.afr.com/business/mining/rio-tin...20190715-p527gg

Copper Mining and Processing: Life Cycle of a Mine
QUOTE
Development (“Planning and building it”)

The development stage usually takes 4-12 years to open an ore deposit for production, and may cost anywhere from $1 million to over $1 billion to complete depending on the type of mine. Development involves extensive pre-development planning and paperwork. Budget and financial reports are prepared and permits are requested. Reports regarding potential impacts on the environment and nearby communities are generated. Plans are assessed regarding the: 1) the mining process/technology that will be used, 2) building of access roads for transportation, 3) identification of resources such as power and water sources, and 4) construction of ore processing facilities and disposal areas for waste. At this point, tens of millions to hundreds of millions of dollars may have been invested in the project, but it may fail to open if the pre-development requirements are not met, including acceptance by the community. At this stage, just enough development of the mine site is performed to ensure that it will be able to be productive for the life of the mine, without later interruption.

Plans are made for the appropriate type of mining that will be performed. There are three major types of mining, surface mining, underground mining, and solution mining; their use depends on the type of ore and where it is located, as well as issues of safety, technology, economics, and environmental impacts. Surface mining, which includes strip mining, open-pit mining, and mountaintop removal, removes soil and rock from on top of the mineral deposit. It may begin as soon as the pre-development steps are complete. Underground mining uses shafts and tunnels to access deeply-buried mineral deposits, while the overlying rock is left in place. This type of mining is usually more expensive and complex, and requires a lot of additional planning for convenience and safety. Solution mining, sometimes referred to as in situ leaching, is performed by pumping a leaching solution such as an acid into the ground, where the solution then dissolves the solid minerals into a liquid. This liquid containing the minerals is then pumped out of the ground and the mineral can then be recovered by various techniques.




--------------------
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  
 
early birds
post Posted: Jul 15 2019, 10:33 PM
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In Reply To: blacksheep's post @ Jul 15 2019, 02:44 PM

how fast RIO can make it's new find to production?? 1 year or two years??

unsure.gif



 
blacksheep
post Posted: Jul 15 2019, 02:44 PM
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Rio could fast-track key Australia copper find before U.S. asset
Bloomberg News | July 14, 2019 | 11:07 am
extract
QUOTE
Rio Tinto Group’s much-followed copper discovery in remote Western Australia could leapfrog a key U.S. project to be fast-tracked into production by the world’s No. 2 miner, according to a senior executive.

Work is progressing to assess the size and quality of the Winu exploration project in the Paterson province in the state’s north, Copper and Diamonds Chief Executive Officer Arnaud Soirat said after visiting the discovery for the first time this month.

Dependent on further exploration work, the discovery — where Rio now has as many as 190 staff, about 12 drilling rigs and is constructing a gravel airstrip — could move ahead of the Resolution project in Arizona in the producer’s pipeline.

read more - https://www.mining.com/web/rio-could-fast-t...fore-u-s-asset/



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