Iron Ore Price Dips To Six-Month Low
The share prices of BHP, Rio Tinto, and Fortescue are back under pressure after global iron ore prices fell another 6% on Wednesday to their lowest level in six months.
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Iron Ore Price Makes Swift Retreat
Iron ore prices have tumbled again, losing more than 4% on Wednesday and yet investors in Australia were sanguine and ignored the slide when a week ago they were selling off the shares of the big miners with alacrity.
Read MoreBerkshire Hathaway Profit Slips As Cash Pile Mounts
Warren Buffett’s Berkshire Hathaway Inc has revealed a lower than expected June quarter profit thanks to the combination of weakness in insurance underwriting, a slowing economy and the fallout from Donald Trump’s trade wars.
Read MoreTrade Spat Puts Iron Ore Price Under Pressure
Standby for another round of selling in the big three iron ore companies in the wake of a slump in global prices after Donald Trump’s move to step up his trade war with China.
Read MoreRIO – Morgan Stanley rates the stock as Equal-weight
Cash returns to shareholders in the first half exceeded Morgan Stanley’s expectations and imply a total payout ratio of 70% and a base dividend pay-out of 50%. Operating earnings were slightly ahead of estimates.
Read MoreRio Tinto Rewards Shareholders With Special Dividend
Global mining heavyweight Rio Tinto will shower shareholders with $US3.5 billion ($A5.01 billion) in cash after surge in first half earnings thanks to the higher iron ore price.
Read MoreRio Tinto To Fund Ranger Uranium Cleanup Shortfall
Rio Tinto will boost its stake in its Energy Resources of Australia (ERA) to help the company fund the cleanup of the Ranger uranium mine in the Northern Territory.
Read MoreVale’s Slow Recovery Set To Underpin Iron Ore Price
The global iron ore market could be short by around 30 million tonnes a year from 2020 and gradually improving by 2021-2022 as Vale, the big Brazilian miner, battles to recover from the January tailings dam disaster.
Read MoreRio Cashes In On Iron Ore Boom Despite Cyclone Hit
Rio Tinto also released its production update for the June quarter yesterday which confirmed the problems in its iron ore business in WA had cut output with a rise in costs per tonne.
Read MoreCosts At Rio Tinto’s Massive Mongolian Copper Mine Blow-Out
Rio Tinto shares hardly moved yesterday despite the news of a major delay and cost blowout of up to 36% of the original $US5.3 billion estimate at its huge copper mine and underground project in Mongolia.
Read MoreBHP, RIO Highlight Busy Week Of Resource Reports
Actual earnings this week will be few in Australia, but the big news reports will the June quarter, full year and half year production reports from the country’s major miners.
Read MoreRIO – Morgans rates the stock as Hold
The broker has reviewed its assumptions and forecasts for Rio, including marking to new iron ore price forecasts. This leads to a valuation increase to an enterprise multiple of 5.5x for FY20, in line with global peers.
Read MoreFortescue Surfs Iron Wave To Stellar Half
The winner in 2018-19 and so far in 2019 is…iron ore…with a gain of 82% over 2018-19 and the biggest winner amongst the miners continues to be Fortescue Metal.
Read MoreQuestions Mount On Rio’s Iron Ore Problems
Operational problems are the direct concern of management and following two fires and now this mining stuff up at Brockman Hub, some analysts are wondering if the real story is Rio pushing too hard in the Pilbara.
Read MorePilbara Problems Force Rio Tinto To Pare Iron Ore Guidance
Mining problems at its huge operation in the Pilbara means Rio Tinto will not get the full benefit of the surge in iron ore prices which rose to yet another five year high Wednesday of $US114.08 a tonne.
Read MoreHow Are BHP & RIO Positioned In The Current Commodity Pricing Cycle
Rohan Walsh is the Portfolio Manager of the Ironbark Karara Australian Equities Fund. In this video he discusses BHP, RIO and commodity prices.
Read MoreIron Ore Prices Rip Higher On Supply Crunch Fears
Iron ore prices have topped $110 a tonne for 62% Fe ore delivered to Northern China as BHP, Fortescue and Rio ship as much product as possible to China to make up for the shortfall from Vale and to exploit the high prices.
Read MoreRio Tinto Restarts Iron Ore Rally
Iron ore prices bounced more than 5% on Tuesday as Chinese steelmaker stocks eased again and Rio Tinto revealed it would not be selling as much of its key high-grade Pilbara fines blend and lump ore over the next two months.
Read MoreRio Reveals More Detail On Winu Discovery
Rio Tinto’s seemingly huge Winu copper, gold silver strike in the eastern Pilbara region of Western Australia is looking more interesting after the miner released more drill results to follow up on the first release of data in March.
Read MoreIron Ore Peaking?
Brazil’s Vale is plagued by problems at its iron ore mines and, despite surging prices, other suppliers are finding it difficult to make up the difference. Yet are prices peaking?
Read MoreRio Hits 11-Year High As Iron Ore Rally Continues Apace
Rio Tinto shares hit an 11 year closing high of $105.30 yesterday as world iron ore prices crashed through $US108 a tonne (More than $A156 a tonne).
Read MoreSupply Concerns Push Iron Ore Toward $100 Mark
Iron ore prices have jumped above $US97 a tonne – the highest price in four years as demand from Chinese mills continues and traders ignore the trade war escalation between the US and China.
Read MoreBHP, RIO Overtake Embattled Vale
Australian iron ore giants, Rio Tinto and BHP have moved to the top of the global pecking order thanks to the problems besetting its Brazilian rival, Vale.
Read MoreRio Tinto Trims Iron Ore Guidance
A series of fires and the impact of Cyclone Veronica has seen Rio Tinto cut its full-year iron ore shipment guidance after its output slumped 14% in the March quarter.
Read MoreRio Tinto In US Copper Expansion
Ahead of the release of its March quarter production and sales report later today, Rio Tinto has revealed its second major spending plan in a week.
Read MoreLatest Images Show Rio’s WA Copper Find Looking Like A +3km Monster
When Rio Tinto (ASX:RIO) finally broke cover in February on its Winu copper-gold discovery in WA’s Paterson province, it made clear that drilling had yet to close off the mineralisation beneath the region’s sand dunes.
Read MoreIron Ore Price Stirs In Response To Shortfall Concerns
As Scott Morrison and Josh Frydenberg were banking the 22% plus surge in global iron ore prices so far this year in last night’s Federal budget, it seems the shortfall in exports will be much larger than thought last week because of the growing impact of Cyclone Veronica on the Pilbara at the end of March.
Read MoreRio Confirms Cyclone Veronica Damage
Rio Tinto is facing the loss of up to 14 million tonnes of iron ore exports – worth around $US1.2 billion or $A1.7 billion in lost revenue – in 2019 from the combination of a fire at its Cape Lambert export port in January that was compounded by the impact of Cyclone Veronica late last month.
Read MoreRio Declares Force Majeure Following Cyclone Veronica
World iron ore prices are poised to make a run back over $US90 a tonne after more doubt was cast on the level of Vale’s 2019 production while Rio Tinto has declared force majeure on some exports.
Read MoreVale Dam Fallout Deepens With More Mine Closures
Expect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read MoreVale Turmoil Deepens As CEO Quits
Vale management is in turmoil after the CEO of the world’s biggest iron ore miner stepped aside following pressure from Brazilian authorities over the Minas Gerais dam collapse.
Read MoreRio Confirms What This Column Told Readers A Year Ago: It Has A Big Copper Find In WA
It’s been worth the wait to finally hear from Rio Tinto (ASX:RIO) as to what it is on to at its Winu (named after an old soak from an aboriginal word meaning thirsty) copper-gold-silver discovery in Western Australia’s Paterson province.
Read MoreRIO – Deutsche Bank rates the stock 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.
Read MoreRio Tinto Tops Guidance, Unveils Special Dividend
Rio Tinto has handed shareholders a second round of goodies to go with the massive interim payout and capital return.
Read MoreRio Tinto Details Major New Mineral Province
Rio Tinto last night finally admitted that it has been working on a massive copper-gold-silver find in the Patterson area of the East Pilbara in Western Australia. There have been rumours of Rio’s discovery now for much of the past year.
Read MoreIron Ore Continues Surge As China Returns
Shares in BHP, Rio Tinto, and Fortescue Metals group should continue running higher today with global iron ore prices hitting two-year highs in Asian trading yesterday after Chinese buyers returned to the market after last week’s holiday break.
Read MoreChina Set To Add To Iron Ore Surge
With stocks of iron ore at ports and mills low after the holidays, Chinese buyers will chase spot ore cargoes from today and could push the already high price of standard 62% ore past $US100 a tonne.
Read MoreDam Disaster To Boost Budget, Iron Ore Miners
Australia will be the beneficiary of the terrible mining dam disaster in Brazil which has killed more than 80 people with upwards of 300 missing. In fact, it would be true to say there is a silver lining for Australia in Brazil’s pain – a surge in iron ore prices that will, in turn, boost export receipts and government tax revenues.
Read MoreVale Suspension Set To Shake Iron Ore Prices
Global iron ore prices and the share prices of Australia’s biggest iron ore exporters will jump as Vale, the big Brazilian exporter takes 10 of its mines and their 40 million tonnes of ore offline while it replaces potentially dangerous tailings dams.
Read MoreRIO – UBS rates the stock as Buy
December quarter production was broadly in line with UBS estimates. A strong performance at Escondida and increased production at Kennecott were highlights.
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