RIO.L - Rio Tinto Group
| Previous close | 4,115.00 |
| Open | 4,116.00 |
| Bid | 4,081.50 x 0 |
| Ask | 4,083.00 x 0 |
| Day's range | 4,055.00 - 4,117.50 |
| 52-week range | 3,489.00 - 5,039.00 |
| Volume | 440,142 |
| Avg. volume | 3,441,463 |
| Market cap | 67.312B |
| Beta (3Y monthly) | 1.08 |
| PE ratio (TTM) | 5.12 |
| EPS (TTM) | 797.40 |
| Earnings date | 1 Aug 2019 |
| Forward dividend & yield | 2.59 (6.30%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 53.70 |
- Reuters - UK Focus
UPDATE 1-At least two dead in Guinea protests against change to constitution
At least one policeman and a protester were killed on Monday during demonstrations in Guinea against a possible change to the constitution that could let President Alpha Conde seek a third term, officials and residents said. Police opened fire on demonstrators as they ransacked military posts and blocked roads with burning tyres in the capital Conakry and protests in the northern opposition stronghold of Mamou also turned violent, witnesses said. Conde's second and final five-year term expires in 2020 but the 81-year-old leader has refused to rule out running again.
- Simply Wall St.
Does Rio Tinto Group (LON:RIO) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- Stockopedia
Four reasons why Rio Tinto could be the next dividend stock for your portfolio
UK stocks paid out an eye-watering £100 billion in dividends last year, and the bulk of that cash came from the biggest and best known companies in the FTSE 358230;
- Reuters - UK Focus
Rio Tinto and Minmetals look for copper, zinc and lead in China
Rio Tinto is looking for copper and zinc-lead deposits in four Chinese regions, including Xinjiang and Inner Mongolia, as part of an exploration venture with state-owned China Minmetals Corp , a spokeswoman for the Anglo-Australian Miner said on Friday. The two companies set up a 50-50 joint venture (JV) to explore for what they called world-class mineral deposits in China in June 2018, but it was not previously clear which minerals they were looking for or which regions they were targeting. Technical teams are carrying out field assessments in the major mineral belts of Xinjiang and Inner Mongolia, as well as in China's southwestern Yunnan province and northeastern Heilongjiang, the Rio spokesperson said in an email.
- Reuters - UK Focus
Rio Tinto signs its first Renminbi portside trading contract
Rio Tinto, one of the world's top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese customers. The Anglo-Australian mining giant held a signing ceremony at Rizhao Port in China's eastern province of Shandong, offering 10,000 tonnes of mid-grade iron ore SP10 to Shanxi Gaoyi Steel Co Ltd, said Zhang Qi, director of foreign ore at the Shanxi firm. "We believe port sales could potentially help us to better serve our existing customers, as well as potentially opening up an opportunity to sell to new customers who do not participate in the seaborne market," a Rio Tinto representative was quoted as saying.
- Reuters - UK Focus
Indian miners lobby against government plans for national coal index
Indian miners are lobbying against a government proposal to link a new coal index to international prices, documents reviewed by Reuters show, which could delay creation of the index. India plans to create a national coal index to end state-run Coal India's control over prices and privatise the coal sector, as the energy-hungry nation for the first time looks to invite bids from global firms for coal mining blocks by end-2019. A government panel has proposed two price formulas, both of which use prices of imported coal to arrive at a benchmark, government documents reviewed by Reuters showed.
- Reuters - UK Focus
UPDATE 2-Top-5 BHP investor Aberdeen Standard piles on climate pressure ahead of AGM
One of BHP's biggest shareholders Aberdeen Standard Investments on Wednesday added to pressure for the world's leading miner to cut ties with lobby groups it says are at odds with the company's pledges on climate leadership. Earlier, the Church of England Pensions Board urged shareholder advisers to review their opposition to a resolution calling on BHP to withdraw from groups that lobby for policies inconsistent with global climate change limitation goals. Aberdeen Standard Investments, which holds around 3.2% of BHP's stock, said it was taking the rare step of speaking out ahead of a vote at BHP's annual shareholder meeting in London on Oct. 17 because of the urgency of tackling climate change, and after its research found the lobby groups were the biggest single obstacle to progress.
- Fool.co.uk
£10k to invest? I’d buy these FTSE 100 dividend stocks yielding 6%!
Rupert Hargreaves explains how these FTSE 100 (INDEXFTSE:UKX) income champions could help you generate a second income in the stock market.
- Reuters - UK Focus
UPDATE 1-Fortescue, SMB-Winning go head-to-head to develop Guinea's Simandou iron ore
Australian miner Fortescue and Guinea's biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea's Simandou iron ore deposit, three sources told Reuters on Friday. A Guinea government commission in charge of the international tender for Simandou blocks 1 and 2 should come to a final decision in around a month, the sources close to the commission said. Guinea has struggled for decades to develop its Simandou iron ore deposit which is among the world's biggest and contains billions of tonnes of high-grade ore.
- Fool.co.uk
Have £2,000 to invest in the FTSE 100? I’d buy these 2 bargain income stocks today
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- Reuters - UK Focus
LIVE MARKETS-An uneasy feeling of deja vu
* European shares tread water * STOXX 600 up 0.2% after slightly negative start * Volumes below average * JPM raises euro-zone stocks to "overweight" * ECB's Draghi emphasises need for fiscal push * Wall Street opens higher Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net AN UNEASY FEELING OF DEJA VU (1348 GMT) The markets are looking eerily similar to this time last year as Q4 approaches and Morgan Stanley's equity strategist Michael Wilson says he's got a feeling of deju vu.
- Reuters - UK Focus
LIVE MARKETS-Making the case for a German fiscal expansion
* European shares tread water * STOXX 600 flat after slightly negative start * JPM raises euro-zone stocks to "overweight" * ECB's Draghi emphasises need for fiscal push * Asian shares mostly flat Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net MAKING THE CASE FOR A GERMAN FISCAL EXPANSION (1045 GMT) Goldman has weighed in on the debate about fiscal stimulus and while it agrees with a widespread view that a shock would be needed to convince Germany to open the purse strings, it argues that the case for Europe's No. 1 economy to do so is compelling.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: Tech drags, Spain shines
- Bloomberg
Businesses Finally Think Big About Cutting Emissions
(Bloomberg Opinion) -- Amazon.com Inc.’s recent announcement that its operations will be carbon neutral by 2040 stands out for its sheer size. But Amazon is only one among dozens of companies that announced new carbon-intensity benchmarks ahead of this week’s United Nations General Assembly.It’s hardly a new phenomenon. Eighty-one percent of S&P 500 companies had set emissions-reduction or energy-use targets by at least four years ago. But many of these amounted to business as usual; the goals were set according to existing regulations, or emission-abatement projects already underway. Today’s targets are more ambitious, because they’re based on science.That is, the targets are set to enable companies to do their share to lower emissions enough to keep warming under 2 degrees Celsius, the scenario outlined in the UN Paris Agreement. They’re the first targets to align the private sector with the larger fight against climate change.And that’s important, because companies have so much work to do. New research from BloombergNEF has found that the 237 companies that had approved science-based targets through July 2019 (with a cumulative market cap of $6.5 trillion) will need to collectively reduce their emissions by 139 million tons of carbon dioxide by 2030.This is equivalent to eliminating half of Spain’s annual emissions. And the total will only grow as hundreds more companies set targets.Certain industries will have an easier time than others hitting their marks. Utilities, for example, which are expected to account for 60% of the emission reductions in BNEF’s analysis, have already been switching to clean energy from coal and natural gas. On the other hand, materials manufacturers, which produce emissions via energy-intensive chemical processes, will have a harder time achieving their goals.Unfortunately, science-based targets have yet to be set for several of the world’s heaviest-emitting businesses — including agriculture, which produces 24% of global emissions, and the oil and gas industries, which produce 10%. All this adds context to a recent announcement from Rio Tinto Plc that it will work with China Baowu Steel Group and Tsinghua University to lower the steel sector’s emissions. Rio Tinto does not actually have any emissions from steel-making; it produces only the coal and iron ore inputs. Its steel-making customers are the emitters, but Rio Tinto can help by exerting influence on their activities. That matters, because steel production accounts for 7% of all carbon emissions. Those emissions are hard to account for, and hard to abate — and therefore, all the more worth addressing with science-based targets.To contact the authors of this story: Nathaniel Bullard at nbullard@bloomberg.netKyle Harrison at kharrison17@bloomberg.netTo contact the editor responsible for this story: Mary Duenwald at mduenwald@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.Kyle Harrison is a BloombergNEF analyst focused on corporate energy strategy.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Here's What Rio Tinto Group's (LON:RIO) P/E Ratio Is Telling Us
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
- Reuters - UK Focus
UPDATE 1-Japan Q4 aluminium premiums fall amid ample supplies and soft demand
Premiums for aluminium shipments to Japan for October to December were set at $97 per tonne, down 10% from the previous quarter amid ample supplies in Asia and softening demand from the electronics and auto industries, three sources directly involved in the pricing talks said. Japan is Asia's biggest importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the benchmark for the region.
- Reuters - UK Focus
Japan Q4 aluminium premiums set at $97/T, down 10% Q/Q
Premiums for aluminium shipments to Japan for October to December were set at $97 per tonne, down 10% from the previous quarter, amid ample supplies in Asia and softening demand from the electronics and auto industries, three sources directly involved in the pricing talks said. The figure is lower than the $108 per tonne paid in the July-September quarter and marks a first quarterly drop in three. Japan is Asia's biggest importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the benchmark for the region.
- Stockopedia
Four clues to the competitive strength of mining giant Rio Tinto plc
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- Reuters
Rio Tinto sees rosy future for diamonds despite end of Argyle
Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said. Coloured or particularly large diamonds, however, have held value, especially pink diamonds, 90% of which are produced by Argyle. Arnaud Soirat, Rio's chief executive for copper and diamonds, said pink diamonds had risen in price by 500% since 2000.
- Reuters
Rio signs deal with China partners to cut carbon in steelmaking
The world's top iron ore miner Rio Tinto Ltd has signed a preliminary deal with two Chinese partners to develop new ways to cut carbon emissions along the steelmaking supply chain, it said in a statement on Wednesday. The collaboration between Rio Tinto and China's largest steel producer, China Baowu Steel Group, and Tsinghua University aims to address the steel industry's carbon footprint and improve its environmental performance, Rio's chief executive told a steel conference on Wednesday in Qingdao, China, according to the statement.
- The Guardian
Rio Tinto strikes deal with big Chinese customer to find ways to cut emissions
Rio Tinto will work with its biggest Chinese iron ore customer, China Baowu Steel Group, on ways to reduce carbon emissions from steelmaking. Photograph: Jianan Yu/ReutersMining giant Rio Tinto has struck a deal with its biggest Chinese iron ore customer, China Baowu Steel Group, to develop ways to reduce carbon emissions pumped into the atmosphere as part of the steelmaking process.The partnership, signed on Wednesday, is an attempt by Rio Tinto to curb its “scope 3” emissions – those made by its customers – and follows a pledge in July by its rival, BHP, to spend $400m as part of a plan to tackle the climate crisis.It comes despite a campaign by the Morrison government to get big business to shut up about social issues such as the environment and restrict its campaigns to economic territory including corporate tax cuts.Coal-burning steel mills are a significant source of carbon dioxide emissions, creating about 1.8 tonnes of carbon emissions per tonne of steel and accounting for between 7% and 9% of the global total.It is possible to slash emissions by substituting hydrogen that has been manufactured using renewable energy for metallurgical coal, but the technology is not yet in commercial use.However, it is understood the partnership between Rio Tinto and China Baowu, which also includes Tsinghua University, will also look at emissions from shipping.Shipping represents low-hanging fruit for companies looking to improve their environmental credentials because emissions can be quickly reduced by changing from ships using bunker fuel – heavy, carbon-intensive oil – to natural gas.The China Baowu agreement is Rio Tinto’s second project attacking scope 3 emissions. Last year, the company entered an agreement with the Canadian government, Alcoa and Apple to develop a carbon-free method of making aluminium.Steelmakers around the world are under increasing pressure to curb their emissions.In Europe, carbon pricing has crimped steel mill profits, putting jobs at risk and forcing companies to look for alternatives to coal to save on emissions costs.Both Rio Tinto and BHP have said they want to dramatically reduce their emissions but the strong language has so far not been enough to satisfy activists.Rio Tinto says it supports the international Paris agreement, which is designed to keep the increase in global temperature below 2C, and is aiming for the “substantial decarbonisation” of its entire business by 2050.The Rio Tinto chief executive, Jean-Sébastien Jacques, said the China Baowu deal would “bring together solutions to help address the steel industry’s carbon footprint and improve its environmental performance.“The materials we produce have an important role to play in the transition to a low carbon future and we are committed to partnering with our customers and others to find the most sustainable ways to produce, process and market them,” he said.
- Reuters - UK Focus
RPT-Indian rare earth miner V.V. Mineral targets African assets after local ban
India's V.V. Mineral, a beach sand miner hit by a domestic law which effectively banned private companies from extracting rare earth deposits, has applied for licenses to start operations in Kenya and Tanzania, the company's chairman said on Tuesday. V.V. Mineral was India's largest exporter of rare earth minerals such as garnet, ilumenite and rutile over the last decade, but it started facing regulatory and legal trouble in 2013, which culminated in a blanket ban this year on beach sand mining by private companies.
- Reuters - UK Focus
Indian rare earth miner V.V. Mineral targets African assets after local ban
India's V.V. Mineral, a beach sand miner hit by a domestic law which effectively banned private companies from extracting rare earth deposits, has applied for licenses to start operations in Kenya and Tanzania, the company's chairman said on Tuesday. V.V. Mineral was India's largest exporter of rare earth minerals such as garnet, ilumenite and rutile over the last decade, but it started facing regulatory and legal trouble in 2013, which culminated in a blanket ban this year on beach sand mining by private companies.
