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Gupta pays USD 25 million to end long-running spat with Rio Tinto
Fri, 30 Jul 2021 22:35:00 GMT
Sanjeev Gupta has paid USD 25 million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in

Iron ore slumps on subdued China demand outlook for second half
Fri, 30 Jul 2021 00:00:00 GMT
Iron ore futures in Asia fell on Thursday, pressured by the prospects of a slowdown in demand for the steelmaking ingredient in top buyer China, and despite tempered shipment expectations from its biggest producer, Rio Tinto. The most-traded iron ore for September delivery on Chinas Dalian Commodity Exchange slumped 2.5% to 1,105 yuan ($170.67) a tonne by midday break, extending losses into a third straight session. Iron ores most-active September contract on the Singapore Exchange shed

Rio Tinto posts record half-year earnings on iron ore surge
Wed, 28 Jul 2021 00:00:00 GMT
Rio Tinto logged a record first half performance on Wednesday, underpinned by soaring iron ore prices on strong demand from China, which led the global miner to pay out a bonanza of $9.1 billion in dividends. Rios half-year underlying earnings more than doubled from a year earlier as a massive infrastructure push by China, the worlds top iron ore consumer, and supply problems in Brazil drove prices of the steel-making commodity to record highs earlier this year. Its an amazing result,

Whats going on with the Rio Tinto share price
Wed, 28 Jul 2021 00:00:00 GMT
Rio Tinto posted a great set of results earlier today, but its share price has barely moved. Whats going on Read More

Gaines sees little global iron ore production growth
Tue, 01 Jun 2021 00:00:00 GMT
Fortescue Metals Group boss Elizabeth Gaines has hosed down concerns that the revival of Brazilian producer Vale or China backing development of the Simandou deposit in west Africa will crimp Australias economy-defining iron ore exports. Ms Gaines told the Australian Shareholders Association conference that Simandou was a very complex project and its likely development was coinciding with a drop in Chinas domestic iron ore production. The Fortescue chief executive sees the market

Iron Ore Price Caves But Miners Remain Hugely Profitable, For ...
Tue, 25 May 2021 00:00:00 GMT
Chinese Government pressure on steel mills and commodity traders started to pay off earlier today when the iron price fell below $200 a ton for the first time in three weeks. But the fall to $197/t is unlikely to put more than a dent in the profits of the biggest iron ore miners which are producing the steel-making material at a cash cost of less than $20/t. Even after allowing for all costs companies such as BHP Group, Rio Tinto, Vale and Fortescue Metals, are still generating profits of

FMG, BHP Group and Rio Tinto share prices surge as iron ore goes ...
Tue, 11 May 2021 00:00:00 GMT
Iron ore prices have surged in the last week off the back of Chinese production cuts and the speculation of further issues between Australia and China. Despite the second of those catalysts, Australias big three iron ore miners Fortescque Metals Group, BHP Group and Rio Tinto saw their share prices surge on Monday off the back of this run-up in the commodity. IGs iron ore instrument surged on Monday, gaining 7.7% or around 85 points, to trade above the 1300 handle as of 12:27PM

Iron ore price soars to a record high as Chinas steel mills run ...
Thu, 29 Apr 2021 00:00:00 GMT
The price of iron ore, Australias biggest export, has surged to an all-time high as aggressive, infrastructure-focused stimulus programs in China fuel booming demand for the key steel-making raw material. Iron ores stunning rally over the past year which has delivered mega-profits to mining giants BHP, Rio Tinto and Fortescue and helped support Australias finances through the COVID-19 crisis hit a record high of $US193.85 a tonne on Tuesday. The milestone price, which topples the

Fortescue celebrates 1.5 billion tonnes shipped from Pilbara ...
Fri, 16 Apr 2021 00:00:00 GMT
Prime Minister Scott Morrison visits Christmas Creek operations in his first visit to the Pilbara

Iron ore bonanza to deliver until 2022 as supply squeeze lingers
Wed, 07 Apr 2021 00:00:00 GMT
Australias biggest miners are poised to benefit from better-than-expected iron ore prices for at least the rest of the year as global ratings agency S&P upgrades its forecasts for the key steel-making raw material. After surging Chinese steel output in 2020 propelled iron ore prices to a 10-year high and delivered bumper returns to shareholders of BHP, Rio Tinto and Fortescue, S&P Global on Friday upgraded its price assumption for the commodity from $US100 a tonne to $US130 a tonne

High iron ore prices spur mining, protests in Australias Tasmania
Fri, 19 Mar 2021 00:00:00 GMT
Buoyant iron ore prices have paved the way for mining in Australias southern Tasmanian state, where developer Venture Resources project has come under pressure from conservationists over potential impact on a wilderness area. Australia is the worlds top producer of iron ore, almost all of which comes from the ancient Pilbara region in the countrys west. But strong Chinese demand and Brazilian supply constraints have propelled iron ore prices to decade-highs above $175 a tonne this

Should I buy Rio Tinto shares
Tue, 09 Mar 2021 00:00:00 GMT
Mining stocks are performing well. Royston Roche reviews Rio Tinto shares. He likes the company's stable cash flows and good profits. Read

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