Market has ‘overshot’ mining sell-off, Citi says
Glencore, Rio, BHP and BAE systems are all in Friday’s broker spotlight
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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Glencore, Rio, BHP and BAE systems are all in Friday’s broker spotlight
There are tough times in the iron ore sector, with prices weak, and out-of-the-way assets now looking stranded. Some companies will inevitably go under, but some may weather the storm surprisingly well
For stock pickers it is not all doom and gloom in the mining sector
The notion that it is al doom an gloom among the junior miners is scotched by the fact the benchmark stocks index is up 20% in the year to date.
Investments and investor services
The FTSE 100 was 25 points lower at lunch to 6,604
Archive
There is little doubt the big news of the day is the green-light being given for a massive potash project in a national park in York.
Kolff worked at Rio Tinto on high-profile projects including the Simandou iron ore project and the Northparkes Cu-Au mine.
Hummingbird has completed an innovative deal to offload one of its licences that still keeps it plugged into the upside from the gold project.
Archive
Investors piled into Afren ahead of its general meeting tomorrow.
Investments and investor services
It was a busy day in the world of small caps with a lot of companies taming up.
The Rio Tinto deal looks transformational for Savannah. In fact it changes the way juniors and majors interact.
Investments and investor services
Investors were still buying in after Styles & Wood reported a tripling of underlying profit before tax for 2014 on Friday.
Savannah Resources could end up as operator of what is shaping up to be a world-class heavy mineral sands deposit.
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Home builder Berkeley Group (LON:BKG) received a broker stamp of approval on Thursday after yesterday reporting annual profits, which beat expectations.