Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Pressure has grown for changes to Australia's mining laws after the mining giant blew up two sacred sites at the Juukan Gorge in the Pilbara region as part of efforts to expand one of its mines
Demand in China continues to recover but supply in the rest of the world has been hit by coronavirus pandemic travel restrictions
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Some shares rise as uncertainty is removed, and PGM supply squeezed
Rio Tinto is one of the world's largest diversified mining companies
The open pit mine continues to produce and deliver shipments of copper
The miner has planned a US$1bn climate-related spend in the next five years, while it is still evaluating the impact of coronavirus
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Footsie closed up around 24 points at 7,042. FTSE AIM 100 lost over 91 points at 4,624.
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Ahead of Thursday's deluge of results, mid-week will see results from Rio Tinto, William Hill and Taylor Wimpey
S&P 500 Index closed down 3.35% and the Nasdaq Composite closed down 3.71%.
The dynamics of supply and demand in China will play a crucial role
Traders are nervous, no doubt about it, but they are still out there buying
A study by asset manager Janus Henderson showed 6.2% growth for UK dividends in 2019 but the current year is not set to be as strong
Shipments in 2020 are now expected to be 324-334mln tonnes, against previous estimates were 330-343mln tonnes
Analysts at Link Group have also highlighted that equities still provide the "most attractive income” across asset classes going into 2020
"We finished the year with good momentum, particularly in our Pilbara iron ore operations and in bauxite, despite having experienced some operational challenges in 2019,” said chief executive J-S Jacques.
Rare earths & specialist minerals
Supply and demand in the mineral sands industry is finely balanced
The giant miner vowed to subscribe to US$221mln rights shares of subsidiary Energy Resources of Australia and will fully underwrite its US$326mln equity fundraising if no other entity does so
The Tiwai smelter is located in the Southland region of New Zealand and is responsible for around 1,000 jobs and 10% of the area's economy
The miner was looking for gold in waste rock at its Boron site but found lithium instead
Analysts at Credit Suisse said production volumes rallied “where it mattered” in Pilbara, the industrial miner's most important asset
