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Rio Tinto Q4 2005 Earnings Conference Call Transcript (RTP)Tue, Feb 14, 2006
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at MarketWatch.com (Thu, 12:14PM)
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at MarketWatch.com (Thu, 12:13PM)
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at MarketWatch.com (Wed, 4:42AM)
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at MarketWatch.com (Tue, 12:26PM)
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at MarketWatch.com (Fri, 12:25PM)
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at MarketWatch.com (Fri, 2:16AM)
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at MarketWatch.com (May 16, 2013)
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at MarketWatch.com (May 16, 2013)
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at MarketWatch.com (May 15, 2013)
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at MarketWatch.com (May 14, 2013)
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at MarketWatch.com (May 13, 2013)
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at MarketWatch.com (May 13, 2013)
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at MarketWatch.com (May 13, 2013)
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at MarketWatch.com (May 10, 2013)
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at MarketWatch.com (May 10, 2013)
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at MarketWatch.com (May 8, 2013)
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at MarketWatch.com (May 8, 2013)
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at MarketWatch.com (May 7, 2013)
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at MarketWatch.com (May 6, 2013)
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at MarketWatch.com (May 3, 2013)
RIO vs. ETF Alternatives
Company Description
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, May 15, 9:08 AM Rio Tinto (RIO) says it is open to a piecemeal sale of its diamond business rather than as a single package, if doing so means investors get a better deal. The miner has been trying to sell off its diamond business for over a year with little success; the unit, estimated by analysts to be worth as much $2.4B, includes diamond mines in Australia, Canada and Zimbabwe. RIO -2.3% premarket. Comment! [Commodities, On the Move]
- Tuesday, May 14, 7:58 AM Rio Tinto (RIO) is committed to cutting capex and operating costs and selling non-core assets while ramping up production, CEO Sam Walsh says. Rio previously announced plans to cut its operating cost base by $3B by the end of 2014 and is on track to cut $2B this year alone, Walsh says, and is targeting a $750M reduction in exploration and evaluation costs this year. RIO -3% premarket. 1 Comment [Commodities, On the Move]
- Thursday, May 9, 8:52 AM Rio Tinto (RIO) CEO Sam Walsh expects final approvals from Mongolia to ship copper and gold from its Oyu Tolgoi mine within weeks, which would represent a major advance for the country's largest investment project that has been caught up in a dispute over costs between the miner and the government. 1 Comment [Commodities, Global & FX]
- Wednesday, May 8, 5:13 AM Rio Tinto's (RIO) Alan Smith says China's demand for steel will be robust and will continue to expand until 2030 despite fears of an economic slowdown. As a result, Smith expects his company's iron ore sales to the country will top 147M tons this year, eclipsing last year's record. Smith also predicts China's annual demand for steel will reach 1B tons in the next 17 years. 1 Comment [Global & FX, Commodities]
- Tuesday, May 7, 7:56 AM Rio Tinto (RIO) looks likely to pursue a $5B expansion of its iron ore output in Australia that would increase annual production to 360M metric tons from 290M unless there are significant changes to the global demand-supply situation. Shareholder feedback on whether or not to go ahead with the project has been mixed, based on the potential impact on prices. RIO +1.6% premarket. 2 Comments [Commodities, Global & FX, On the Move]
- Monday, May 6, 8:21 AM Unions representing workers at Australia's biggest coal-export terminal threaten work stoppages in a dispute with Port Waratah Coal Services over job security. The terminal handles more than 105M metric tons of coal annually at its facilities in Newcastle; Rio Tinto (RIO) and Glencore (GLCNF.PK) are major shareholders in PWCS, and both use the terminal for their coal exports. Comment! [Energy, Global & FX]
- Monday, April 29, 7:03 AM KKR is eyeing a bid for RIO Tinto's 80% stake in Australia's Northparkes copper-gold mine, reports the WSJ. It's an unusual move for KKR which has largely stayed out of the resources area, but as Rio puts assets on the block to bolster its balance sheet, the P-E firm may be spotting a bargain. 2 Comments [Financials, Commodities]
- Friday, April 26, 12:41 PM Rio Tinto's (RIO -2.3%) Kennecott Utah Copper expects to start transporting copper ore to the crusher at its Bingham mine within a few days, but a force majeure on related customer contracts remains in place until operations return to normal. Rio said during its Q1 operations review that it expects to produce 100K metric tons less of refined copper this year due to the mudslide which led to the mine's shutdown. Comment! [Commodities, On the Move]
- Tuesday, April 23, 12:18 PM Rio Tinto (RIO) is unlikely to develop its $10B Simandou iron ore project in Guinea in the foreseeable future as the African state struggles to fund transport links, the country’s former mines minister says. Rio has spent $2.3B on Simandou, which will be one of Africa's largest mines, but progress relies on Guinea’s government coming up with $5B to fund half of the planned infrastructure. 1 Comment [Commodities, Global & FX]
- Monday, April 22, 11:11 AM Rio Tinto (RIO -1.3%) lodges an appeal in Australia's Supreme Court against a state court ruling that blocks plans to extend the life of its Warkworth coal mine, which produced ~8M tons of thermal coal and 2.9M tons of semi-soft coking coal last year. Meanwhile, the U.S. Supreme Court orders a lower court to reconsider a ruling that allowed a lawsuit against Rio for alleged human rights abuses. 1 Comment [Commodities, Global & FX]
- Thursday, April 18, 10:55 AM Rio Tinto (RIO +1.6%) has no immediate plans to develop the Pebble copper and gold project in Alaska, in which it owns an indirect 10% stake, CEO Sam Walsh says. Pebble is one of the world's largest undeveloped gold and copper deposits and has faced protests from environmental activists; initial estimates put the cost of developing the project at $4.7B. 1 Comment [Commodities, On the Move]
- Thursday, April 18, 8:39 AM Barrick Gold (ABX) +1.9% premarket despite news Moody’s has placed the company on review for a possible downgrade of its senior unsecured debt rating after work was halted on its $8.5B Pascua-Lama mine. Several mining/metals stocks are higher premarket after gold prices rebound: IAG +3.8%, KGC +3.6%, GOLD +3.1%, GG +2.2%, HMY +2.1%, RIO +1.9%. 1 Comment [Commodities, On the Move]
- Wednesday, April 17, 3:46 PM The U.S. Supreme Court's decision to shut down a lawsuit filed by Nigerians against Royal Dutch Shell (RDS.A) over claims the company was complicit in crimes committed by Nigeria's government is a major victory for corporations that have been sued in the U.S. for their alleged role in foreign atrocities. The ruling could affect other cases, such as those against Rio Tinto (RIO) and XOM over activities in foreign countries. 2 Comments [Energy, U.S. Economy]
- Tuesday, April 16, 9:33 AM Dominion Diamond (DDC) says Q1 production at its Diavik diamond mine totaled 1.9M carats, up from 1.6M a year earlier, helped by improved grades. The average grade of ore processed was 3.87 carats/metric ton vs. 3.03 in the year-ago quarter. DDC, formerly Harry Winston Diamond, sees full-year production at ~6M carats. Comment! [Commodities]
- Tuesday, April 16, 8:24 AM Most of this morning's biggest premarket gappers come from yesterday's downtrodden mining losers: GFI +7.8%, AU +6.6%, GOLD +6.1%, KGC +4.8%, ABX +4.1%, AG +4%, HMY +3.2%, HL +3.1%, AUY +2.8%, EGO +2.6%, SLW +2.5%, RIO +2.3%, NEM +2%, MT +1.9%. ETFs: GDX +2.8%, SLV +2.8%, GLD +2.3%. Comment! [Commodities, On the Move]
- Tuesday, April 16, 7:43 AM Rio Tinto (RIO) says this year's copper output will be cut by ~125K metric tons after last week's landslide at its Bingham Canyon mine in Utah. As a result, Rio's raw copper output is likely to fall by ~1.6% to 540K tons and refined copper production to slip ~27%. Q1 total production from iron ore mines totaled 61.2M tons, +4% Y/Y but -8% Q/Q due to cyclones that struck Australia's Pilbara region. RIO +2.6% premarket. Comment! [Commodities, On the Move]
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Dividend Sheet
$GGB $ABX and $RIO are the cheapest basic material dividend stocks - http://stks.co/jVOZ - 20 shares with 2.8% average yield - View all 0 replies
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x oil -field
$FXA Aussie Falls to 11-Month Low as Budget Forecasts Slower Growth. http://bloom.bg/YGEtg4 $RIO http://bit.ly/10URPSb SA - View all 2 replies
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x oil -field: Australian Dollar ETF Falls on Rate Cut - ETF News And Commentary $FXA http://bit.ly/YGEL6G NASDAQ
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x oil -field: $RIO Rio Tinto PLC South of Embley Project Gets Australia Environment Approval. Dow Jones Newswires 00:33ET (04:33 GMT)
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x oil -field
$RIO Rio Tinto Committed To Cutting Capex, Costs As Output Ramps Up. @WSJ http://bit.ly/17p3iC5 http://bit.ly/10mjkYX $USO @SA - View all 0 replies
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x oil -field
European Stocks Drop for Second Day as Mining Shares Fall. $RIO Bloomberg http://bloom.bg/10UGvpn - View all 1 replies
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x oil -field: Thanks to U.S. shale $OIL demand for OPEC crude will remain largely unchanged over the next 5 years the IEA says. http://bit.ly/13XI0Yw $USO
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Armando Izaguirre
@CommSec: Biggest declines on the ASX50 today: $NCM dn 2.7%, $ILU dn 2%, $RIO dn 1.9%, $FMG dn 1.7%, $BHP dn 1.3% #ausbiz ^JS - View all 0 replies
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Jason Burack
If $BHP & $RIO had good mgmnt, & they don't, they would be buying primary Gold & Silver producers up on this huge correction! - View all 0 replies
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freeman8201
$TCK $CAT $RIO $BBL All treading downwards; And Caterpillar is a global indicator for mining companies. - View all 0 replies
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justaconsumer
$RIO Damn, only good news today and stock is not really going up, something/one big is doing a yard sale... !? - View all 0 replies
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UndurTolgoi
Julian Dierkes' advises Rio investors to hold on for Oyu Tolgoi. A bumpy ride, but a promising future. http://ow.ly/jiKD5 $TRQ $RIO - View all 0 replies
LATEST REPLIES
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x oil -field
$FXA Aussie Falls to 11-Month Low as Budget Forecasts Slower Growth. http://bloom.bg/YGEtg4 $RIO http://bit.ly/10URPSb SA - View all 2 replies
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x oil -field: Australian Dollar ETF Falls on Rate Cut - ETF News And Commentary $FXA http://bit.ly/YGEL6G NASDAQ
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x oil -field: $RIO Rio Tinto PLC South of Embley Project Gets Australia Environment Approval. Dow Jones Newswires 00:33ET (04:33 GMT)
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x oil -field
European Stocks Drop for Second Day as Mining Shares Fall. $RIO Bloomberg http://bloom.bg/10UGvpn - View all 1 replies
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x oil -field: Thanks to U.S. shale $OIL demand for OPEC crude will remain largely unchanged over the next 5 years the IEA says. http://bit.ly/13XI0Yw $USO
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joe kelly: PLG is looking sweet. Got some last week. Holding through 2014.
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Bob de'Long
Rio Tinto $RIO considering halting construction at $6.2B copper n gold - Mongolia demands greater share of profit. - View all 3 replies
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Bob de'Long: Barrick Gold $ABX says costs at troubled Lumwana copper mine in Zambia are higher than anticipated at this bad news mine. CEO Jamie Solask
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losbronces: Too late now for $RIO, Phase 1 is completed & concentrator is being commissioned. Perfect timing to steal the operation. $6B already spent.
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x oil -field
Boom in Mongolia Deflates After Deal That Started It Is Threatened. $RIO http://nyti.ms/VA2y29 NYT/DealB%k - View all 1 replies
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Mercy Jimenez: IAren't those great slides? Will B interesting 2see if Mongolian government forces their hand for larger stake before contract stipulates -
iadops40: Yes, great slides, gives one a nice first hand look. It would not surprise me to see the Mongolian govt wanting a larger peice of the pie.
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x oil -field
MELBOURNE-Rio Tinto PLC RIO Tue. said its mined copper production rose 21% in the quarter from a year earlier. $JJC $GLD Dow Jones Newswires - View all 17 replies
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x oil -field: The Washington Post: The coal industry would be in decline even without Obama's policies. http://wapo.st/TXeQpV $ACI
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iadops40: the bulk of coal purchases are from emerging markets, and with China starting to turn around there is a sign of life for the coal industry
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losbronces: I don't understand why they would make that size of investment without securing an electrical power supply first.
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Retirefund
TRRXF.PK .06 cent penny stock sitting on 3 $Billion stake in giant copper project-->http://dld.bz/bzNy8 RIO BHP FCX XSRAF.PK AAUKF.PK SCCO - View all 2 replies
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Retirefund: Yea, but it's a clear bet on them winning the court battle (or a partial win at least) I think they got a good shot, but time will tell.
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Michael Bryant
Rio Tinto plc (RIO) has a market cap of only $85 billion. This was a $200+ billion company about five years ago. Buying opportunity???? - View all 9 replies
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Brandon Gibbs: Lies protect from truth, but sooner or later truth will show how deep the lies have penetrated. On that day I hope to be short
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Mercy Jimenez
Sold 1K shares RIO @ 56.65 for quick range trade from yesterday @ 55.85; probably early but better early than too late. - View all 3 replies
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Mercy Jimenez: Thanks OM. Love the quality liquid large caps for range trading -- willing to hold 1 day or several months if needed.
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Elliott Auckland: I like it especially with Chinese demand beginning to pick up again and generally supply has been cut. Prices should be getting better. -
Mercy Jimenez: One of few liquid large caps in which I do short-term range trading. Good co. w/hard assets so may keep for 1 day or few months for gains.
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The Wall Street Transcript
Emerging Market Demand for Latin American Iron Ore; Analyst Discusses $BHP, $GGB, $RIO, $SID, $VALE - http://su.pr/2nO0gX - View all 2 replies
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