Upgrades galore for Glencore as brokers set new benchmark
The recovery in cash flows is yet to be fully priced in by the market.
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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The recovery in cash flows is yet to be fully priced in by the market.
Rio Tinto has today notified the relevant authorities in the UK and US and will also contact the Australian authorities.
London’s FTSE 100 index closed higher thanks to miners, but well off a late surge as a fresh record high eluded it
Despite cutting guidance, CEO J-S Jacques said third quarter production was strong, and the market (just about) agreed
Bannerman recently outlined results from the Etango Heap Leach Demonstration Plant.
FTSE 100 shares end down after a Brexit-linked spat between two blue-chip stocks sends their stock lower on Thursday
Archive
A look at some City analysts view on Tuesday.
As our mining expert Alastair Ford pointed out, its been a long hiatus with no corporate activity of any real significance at the junior level for nearly seven years, but deals are now popping up.
The commercials remain broadly similar to the original agreement to bring together the projects, which are next to each other and are effectively component parts of the same deposit.
The mining analysts at UBS have upgraded their prices for coal and base metals, leading to a boost to its profit forecasts sector-wide of 5-25%.
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
Investments and investor services
FTSE 100 shares came within a handful of points of marking a fresh record high close on Monday, but for all the gains of mining stocks the ticker just could not muster the umph to triumph
Archive
ITV and Inmarsat were the only two media and telecoms firms downgraded by Barclays in its latest note on the industry
The call by one of London's leading authorities on the oil sector comes ahead of a meeting with the mining major's management.
Phase 5 test work has confirmed optimisation potential exists, which significantly de-risks the uranium project, both technically and financially.
“We believe that the initial consideration of A$25,000 in cash and the issuance of 65mln shares represents a very modest initial payment given the potential at Havieron”
Broker believes miners are facing commodity price falls in the fourth quarter
Broker downgrades oil services group to 'hold' and reduces its price target
Top UK stocks fell into negative territory late on Tuesday, weighed down by depressed mining stocks after copper prices hit a 10-week low