Rio Tinto sounds a note of caution
Rio provides an excellent insight into the opaque world of commodities and its take can best be described as guarded and perhaps slightly at odds with the strong recovery in equity valuations across the sector.
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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Rio provides an excellent insight into the opaque world of commodities and its take can best be described as guarded and perhaps slightly at odds with the strong recovery in equity valuations across the sector.
London shares closed lower on Monday, as the month started with dire manufacturing output data to set a bad tone for the week as mid-caps fall below Brexit levels, again
Investments and investor services
The FTSE 100 Index lost hold of a 25-point gain to stand 17.5 points adrift at lunchtime
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London stocks ended flat on Tuesday although tech stocks fared well as speculation moved onto who might be snapped up next after news this week that Softbank is buying ARM Holdings in the wake of a Brexit-fuelled weaker pound
The FTSE 100 Index was 13.01 points adrift at 6682.41 and the FTSE 250 backtracked too
Investments and investor services
The FTSE 100 Index backtracked 23.49 points to 6671.93
London’s shares closed at an eleven-month high on Friday after a buoyant US non-farm payrolls report built on bourse firmness earlier in the session
Phase 4 test work has confirmed the viability of the heap leaching process, which significantly de-risks the uranium project, both technically and financially.
Archive
Analyst Anna Mulholland said that free cash flow yields for the sector now average 14% and 16% this year and next respectively and among the broker's top picks - Rio Tinto (LON:RIO), Acacia (LON:ACAA) and Vedanta (LON:VED) are yielding abov
Archive
Weekly round up of mining news from the world of Proactive.
The deal announced last summer sees Savannah merge the heavy mineral sands assets in Mozambique with those of Rio to create a world class project.
The FTSE 100 index closed firmer on Tuesday, after a choppy session, as the latest opinion polls showed Remain-Brexit support on a knife-edge ahead of Thursday’s referendum
David Beckham wants in; Sol Campbell wants out (for a change). There's only one way to settle this, and that's a celebrity EU refendum footie match.
Investments and investor services
The polls are tight and much can still happen before Thursday’s EU vote, in the meantime equities are expected to show some volatility.
An abstract of news from the small cap world today