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Rio Tinto Q4 2005 Earnings Conference Call Transcript (RTP)Tue, Feb 14, 2006
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at MarketWatch.com (Fri, 12:11PM)
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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 (May 17, 2013)
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at MarketWatch.com (May 17, 2013)
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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)
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, April 3, 2:51 AM Rio Tinto (RIO) is looking to sell its interests in the Clermont and Blair Athol coal mines in the Australian state of Queensland. The assets, which produce mostly thermal coal for export to Asia, could be worth over $1B. The sale would be part of Rio's strategy of selling smaller or less profitable operations as it seeks to reduce expenses and increase shareholder returns. 1 Comment [Commodities, M&A]
- Monday, March 25, 6:20 PM When word leaked out that Rio Tinto (RIO) wanted to sell its majority stake in Iron Ore Co. of Canada, Teck Resources (TCK) was considered the most logical buyer, but BMO doesn't think a deal will happen due to valuation: Rio "does not need cash from an IOC sale and is unlikely to entertain low bids... Also, Mitsubishi owns 26.2% of IOC and has right of first refusal on the Rio Tinto stake.” 2 Comments [Energy, M&A]
- Friday, March 1, 3:05 AM Rio Tinto (RIO) has reportedly added its 59% holding in Iron Ore Company of Canada, which could be worth over $1.7B, to a list of assets that it's looking to sell. The speculation comes as pressure increases on the miner to lower debt. Meanwhile, Rio and Mongolia have agreed on a temporary budget that will allow the $6.2B Oyu Tolgoi copper and gold mine to start production in June, but the sides have otherwise been unable to resolve a dispute over costs. Comment! [Commodities, M&A]
- Thursday, January 24, 10:34 AM Commodity prices are rebounding, but don’t expect megadeals in mining as a new crop of CEOs takes over, WSJ reports. At least 20 mining CEOs have stepped down in the past year, some related to unsuccessful acquisitions, and big deals are unlikely when many CEOs are new to their roles. "There will be M&A but it is likely to be very strategic, brownfield-related and very carefully thought through.” 2 Comments [Commodities, M&A]
- Wednesday, January 16, 2:49 PM Among the Fission Energy assets being acquired by Denison (DNN +3.4%) is a 60% stake in the Waterbury Lake uranium project, part of a deposit attached to Rio Tinto’s (RIO -1.9%) Roughrider deposit - which Cantor Fitzgerald says "ties a neat bow on top of Denison for a potential takeout offer" from RIO. The analyst also considers Cameco (CCJ -1.2%) a potential source of a competing offer for Fission. Comment! [Commodities, M&A, On the Move]
- Friday, August 31, 2012, 5:54 PM Something else for Xstrata (XSRAY.PK) shareholders to consider when voting next week whether to accept Glencore's (GLCNF.PK) takeover offer: the highest employee fatality rate among its closest peers. Glencore disclosed 36 employee fatalities in the past two years, four times more than Xstrata; death rates also far exceeded those at BHP, RIO and AAUKY.PK. Comment! [Commodities, M&A]
- Wednesday, August 8, 2012, 5:41 AM Rio Tinto (RIO +1.8% premarket) has attracted interest for the aluminum and diamond assets it's looking to sell, both for individual operations and collectively, CFO Guy Elliot says. Rio will consider a sale, a spin-off and "public market" options for Pacific Aluminum, which houses the ops Rio wants to divest. (H1 earnings) Comment! [Commodities, M&A]
- Monday, August 6, 2012, 3:52 PM Harry Winston (HWD +2.2%) has secured bank financing for a potential deal to buy the Ekati diamond mine from BHP Billiton (BHP +0.7%), but the sale process has moved slowly and may still break down, FT reports. Complicating things is Rio Tinto's (RIO) nearby mine it may want to sell; HWD owns a 40% stake and may decide to pick up the remaining 60%, but it can't afford to do both deals. Comment! [Commodities, M&A, On the Move]
- Monday, May 21, 2012, 8:22 AM General Cable (BGC) agrees to acquire Alcan Cable, the wire and cable business of Rio Tinto (RIO), for $185M in cash. BGC says it expects to use its revolving credit facility to principally fund the transaction. BGC +0.7%, RIO +1.9% premarket. 2 Comments [M&A, Commodities, On the Move]
- Monday, April 16, 2012, 8:48 AM KKR reportedly is working on a deal to buy the diamond units currently owned by BHP Billiton (BHP) and Rio Tinto (RIO) and combine the two. KKR is leading bids in a $750M auction of BHP’s Ekati diamond mine in Canada after Apollo (APO) and Gem Diamonds (GMDMY.PK) reportedly dropped out; Harry Winston Diamonds (HW) is said to remain in the running. Comment! [Commodities, M&A]
- Monday, April 2, 2012, 8:25 AM Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play, and suggesting BHP and Rio Tinto (RIO) as possible buyers. One hedge fund manager (long the stock?) suggests the firm could fetch $60/share against the Friday close of $33.83. Shares +3% premarket. Comment! [Commodities, M&A]
- Thursday, January 26, 2012, 6:11 PM Ivanhoe Mines (IVN) gains 3.8% AH after Rio Tinto (RIO) confirms through a 13D filing it has a 51% stake in Ivanhoe. Rio Tinto adds it's engaged in "a review of the composition of the Company’s board of directors and management," and plans to replace certain board and management figures. (previously) Comment! [Energy, On the Move, M&A]
- Tuesday, January 24, 2012, 12:03 PM Rio Tinto (RIO -1.4%) announces it now has a majority stake in Ivanhoe Mines (IVN -2.4%), having purchased enough shares to bring its interest to 51%. (PR) (previously) 1 Comment [M&A, Commodities]
- Thursday, December 15, 2011, 8:38 AM Walter Energy (WLT) +3.5% premarket following a Daily Mail story that the coal producer could be a takeover target by Rio Tinto (RIO) or BHP Billiton (BHP). Global miners are scrambling for coal assets, and analysts speculate Walter's takeout price could double its current ~$60/share. Comment! [Energy, M&A, On the Move]
- Tuesday, December 13, 2011, 11:39 AM Execs with Ivanhoe Mining (IVN -15.5%) say the firm is evaluating legal options following its courtroom battle loss to keep a poison pill in place in its bid to stave off Rio Tinto (RIO +0.8%) from acquiring the company. Rio's maximum permitted interest in Ivanhoe is capped at 49% until Jan. 18, 2012. 3 Comments [M&A, On the Move]
- Tuesday, December 13, 2011, 7:37 AM The path is open for Rio Tinto (RIO) to take over Canada's Ivanhoe Mines (IVN), in which it already owns 49%, after an arbitrator ruled that Ivanhoe's "poison pill" takeover defense doesn't apply to Rio. Controlling Ivanhoe, which is worth $15.3B, will give Rio a majority stake in the massive Oyu Tolgoi copper and gold project in Mongolia. Comment! [Global & FX, Energy, M&A]
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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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