Rio Chair Confirms Exit
Rio Tinto (RIO) and BHP Billiton (BHP) will both be changing chair’s in the next year after Rio chairman was named as chair of British telco, BT.
Read MoreTag: BHP – RIO
BHP & Rio Are Understating Profits
Analysts don’t get it. Now that The Great Boom is over, the two big miners are much more profitable than they look.
Read MoreBHP And Rio: Buy More Or Dump Them?
Anyone who has put a portfolio together in recent times would have to have some exposure to BHP-Billiton (BHP) and Rio Tinto ((RIO)) and would probably be pretty worried as iron ore prices head down, dragging their respective share prices. The question is, should we persevere with these iron ore majors or cut our losses if you have some and buy more reliable companies that only cop it when the overall market is crushed?
Read MoreHow BHP & RIO Hide The Iron Ore Slump From You
You may not have noticed, but BHP Billiton’s (BHP) and Rio Tinto’s (RIO) share prices have stopped tracking commodity prices. Their shares are rising, but the price of iron ore has been slumping.
Read MoreBHP, Rio Tinto Hint At Big Changes
Big things seem to be happening within BHP Billiton (BHP) and Rio Tinto (RIO), judging by several announcements and speeches yesterday.
Read MoreBHP – CIMB Securities rates the stock as Neutral
CIMB Securities rates the stock as Neutral
Read MoreThe Overnight Report: Early Signs Of The Big Rotation
US equities closed lower on Monday (US time), with the DJIA losing 52.35 points to close at 13,254.29. The S&P500 shed 0.61% to close at 1429.08, while the Nasdaq closed a full 1% lower at 3104.02.
Read MoreDiamonds: No Longer As Much Sparkle For Rio, BHP
Rio Tinto has joined rival BHP Billiton in reviewing its increasingly minor involvement in the diamond industry.
Read MoreCopper: BHP, Rio Boost Escondida’s Output, Reserves
A week after reporting massive profits and more spending on expanding their huge WA iron ore operations, BHP Billiton and Rio Tinto yesterday revealed they would spend around $US4 billion ($A3.75 billion) on the huge Escondida copper mine in Chile which accounts for around 8% of total annual global production.
Read MoreResources: BHP-Rio JV Finally Dead
Relieved of the need to hand over close to $US6 billion or more to Rio Tinto as an equalisation payment for the Western Australian iron ore joint venture, BHP Billion now has more freedom and firepower to attack and win control of PotashCorporation of Canada, if the Canadian government is willing to allow a bid to succeed, of course.
Read MoreDeals: Divorce In BHP-Rio Iron Ore JV?
Solid price rises for both BHP Billiton and Rio Tinto shares in Australia yesterday in the wake of an admission from Rio that the proposed iron ore joint venture was not looking good and media reports that it was finished.
Read MoreAnalysts Begin To Assume No BHP-Rio JV
For decades Australia’s two big diversified miners, BHP Billiton (BHP) and Rio Tinto ((RIO)), sold their high-grade Pilbara iron ore to steelmakers in Japan, Korea and Taiwan on annual contracts with little debate and little fanfare. But the arrival of China into the iron ore market was a game-changer. No longer was the iron ore market a pedestrian one. Suddenly iron ore was hot property.
Read MoreBHP-Rio Joint Venture To Be Probed
Of all the things that will or could happen in Australian business this year, the $US116 billion tie-up between BHP Billiton’s and Rio Tinto’s iron ore operations in Western Australia looms as the most important one that we know of, so far.
Read MoreBHP, Rio Formalise Iron Ore Marriage
Rio Tinto and BHP Billiton have signed a binding agreement to combine their Western Australian iron ore operations into a multi-billion dollar joint venture and said they hope to have the deal wrapped up by the second half of next year.
Read MoreBHP-Rio Restructure Iron Ore JV
BHP and Rio Tinto have scrapped a major part of their proposed iron ore joint venture that was first revealed in early June.
Read MorePilbara Power
The story so far:
Read MoreBHP To Try To Block Rio Tinto-Chinalco Deal – Newspaper Report
BHP Billiton (BHP) is set to gatecrash the Chinese Government’s US$19.5bn bailout of Rio Tinto ((RIO)), reports UK newspaper The Times on its website today.
Read MoreWelcome Back
When BHP Billiton (BHP) made its initial bid for Rio Tinto ((RIO)) about twelve months ago the two camps retained the advisory and potential underwriting services of every major broker in town. Under Australian Securities & Investment Commission rules, this precludes the stock analysts of each participating broker from providing any valuation or recommendation on the two. The intention is to avoid conflict of interest.
Read MoreBHP Junks Rio Bid, Hunkers Down
Some were surprised, but they shouldn’t have by the decision by BHP Billiton to pull the Rio Tinto bid.
Read MoreBHP Billiton, Rio Tinto and the American Civil War
Let’s get the ugly part out of the way first. The S&P ASX/200 limped home yesterday to finish the fiscal year down 16.9%. Let’s call it 17. It was the first down year since 2002, or 1 BB (Before the Boom).
Read MoreBHP, RIO And China, Again
Shares in BHP Billiton predictably surged more than 4%, or $1.93 on speculation that Chinese state-owned investor or investors were preparing to swoop to snatch a stake in the giant miner.
Read MoreBHP-Rio Back On?
Is the BHP Billiton-Rio Tinto marriage destined for consummation?
Read MoreVale-Xstrata Gone, BHP-Rio?
The BHP Billiton bid for control of rival Rio Tinto has just been changed by the news that the $US90 billion offer from Brazilian mining giant, Vale, for Xstrata of Switzerland has collapsed.
Read MoreRio Tells BHP: ‘Go Away’ (For The Time Being?)
Well, it's either going to be hostile, or it will be accepted: that's if the board of Rio Tinto can make up their mind about the devil they know in their great rival, and the unknown of rejecting the $164 billion ($US147.4 billion) offer and remaining with 9% held by an unstable Chinese-US group of Chinalco and master, Alcoa.
Read MoreBHP Launches RIO Bid
BHP Billiton this morning made history by launching the world's largest ever takeover offer with a $US147.4 billion offer for rival, Rio Tnto.
Read MoreChina & BHP Billiton Go to War Over Rio Tinto
Somewhere, Vladimir Putin is chuckling…
Read MoreBHP Responds To RIO’s Deadline
There seems to be no end to excitement on the Rio Tinto/BHP Billiton front.
Read MoreBHP Confident, China Isn’t
BHP Billiton's play for Rio Tinto has overshadowed the impact of the volatile commodities markets on its share price (and Rio's) in recent weeks.
Read MoreBHP Still Hopeful Of A Rio Merger
BHP Billiton (BHP) fell today after its annual general meeting (AGM) in Adelaide where it said it will aggressively continue its takeover pursuit of Rio Tinto.
Read MoreMarket Souring On BHP-Rio Link?
There's growing opposition reported to the BHP Billiton plan to merge with rival Rio Tino and the market is reflecting the growing pessimism that the deal will not get up.
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