How 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.
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Iron 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.
Read MoreRio Tinto Tips Rise In Pilbara Iron Ore Exports
Rio Tinto is confident the buoyancy of the Chinese iron ore market won’t end soon as it forecasts a small rise in its 2019 export forecast in the wake of a small rise in its 2018 performance.
Read MoreRio Chief Prompts Howls Of Laughter Amid Its Silence On Winu Copper Discovery
A special thanks to Rio Tinto’s iron ore boss Chris Salisbury for providing a much-needed laugh for the exploration industry in what has been a tough year.
Read MoreRIO – UBS rates the stock as Buy
Rio Tinto has approved the US$2.6bn capital expenditure to develop the 43mtpa Koodaideri iron ore mine in the Pilbara.
Read MoreRio Inks New Koodaideri Iron Ore Investment
The mini-boom in the iron ore industry has topped the $9 billion mark after Rio Tinto approved a $US2.6 billion (A$3.5 billion) investment in its new Koodaideri iron ore mine.
Read MoreGreatland Strike Adds Fuel To Rio Rumours
Has a massive new gold/copper discovery been made in the Eastern Pilbara region of WA, along with suggestions of a separate copper find by one of the world’s biggest miners?
Read MoreRio Tinto’s Simandou Iron Ore Sale Lapses
So much for Rio Tinto’s proposed $US1.3 billion sale of its stake in the huge Simandou iron ore prospect in the African country of Guinea – it has lapsed because Rio and the Chinese buyer couldn’t agree on terms.
Read MoreRio Airstrip, More Drill Lines Fuel Talk Of Its Biggest Find In 25 Years
Rio Tinto’s hush-hush copper discovery in WA’s remote North Paterson region is to get its own airstrip.
Read MoreCopper Output Jumps But Iron Ore Shipments Slip At Rio Tinto
Rio Tinto has maintained its target to ship at the upper end of the guidance range of 330 to 340 million tonnes for the 2018 year to December 31, despite reporting a 5% slide in exports for the three months to September.
Read MoreRio Tinto Banks $4.8bn Grasberg Copper Mine Exit
Well, that’s it for capital management deals helping shareholders in Rio after the miner finally sold its stake in the huge Grasberg copper mine and will keep the money for itself.
Read MoreRio Tinto To Return Coal Sale Proceeds To Shareholders
Rio Tinto says it will return $US3.2 billion ($4.4 billion) to shareholders from the cash raised in the recent sale of coal assets via a share buyback.
Read MoreMaterial Matters: Steel, Thermal Coal & Nickel
A glance through the latest expert views and predictions about commodities. Steel; mining & franking; diversified majors; thermal coal; and Nickel Mines.
Read MoreMaterial Matters: Platinum, Steel & Miners
A glance through the latest expert views and predictions about commodities. Base metals; platinum; steel/iron ore; and major miners.
Read MoreRio Shares Retreat As Analysts Demand More
Shares in global miner Rio Tinto were sold off yesterday in the wake of the interim result as brokers reckoned the record dividend, buyback (with more to come) wasn’t enough.
Read MoreRIO – Morgans rates as Hold
First half results were strong, although Morgans notes margin pressure is starting to build. Legacy contracts disappointed as they held down realised alumina prices. The broker notes a lack of diversification and low growth competes with high margins and low gearing.
Read MoreRio Tinto To Pay Record Interim Dividend
Rio Tinto is on track for another record dividend in 2018 after its board approved the largest half year payout in the company’s history.
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