FTSE 100 drops as markets follow China lower
Chinese shares started on a cautious tone before aggressive sellers appeared in the afternoon.
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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Chinese shares started on a cautious tone before aggressive sellers appeared in the afternoon.
The Mongolian Government’s decision to execute a 30-year Concession Agreement with the company to build and operate the Erdenet to Ovoot railway is a major milestone in developing the Ovoot Coking Coal Project.
Archive
Here's a first look at the main movers in early deals in London on Thursday....
Investments and investor services
Miners fall as Beijing's move sparks commodity demand fears
Investments and investor services
Beijing allowed yuan to fall to three-year lows against the dollar
Investments and investor services
Chinese currency devaluation offsets encouraging Greek news
Fertiliser, in particular potash, has been at the forefront of the small cap mining space this week.
Investments and investor services
Mongolia is in focus today ... and it is not often you can say that
Aggreko, Rio Tinto, and Britvic feature in Friday's broker spotlight
Archive
FTSE100 did not manage to get into positive territory on Thursday and closed down around five points...
Investments and investor services
Traders cheered by signs that cost of borrowing may not rise until 2016
Investments and investor services
Miners rise after upbeat results from gold producer Randgold Resources
Giant warns not to expect any quick recovery in commodity markets.
Investments and investor services
The Bank of England has fallen into line with many other central banks by holding a press conference following the announcement of its interest rate decision.
Investments and investor services
The latest pharma bid rumour to surface is Pfizer gunning for Glaxo, but it was the miners that drove Footsie's ascent
Investments and investor services
The bad news is good news paradigm rides again as soft jobs data eases fears over an imminent interest rate rise
BHP, Rio and Glencore are no longer worth selling; meanwhile Cineworld, Just Eat and Thomas Cook are also in Wednesday’s broker spotlight