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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, 12:06PM)
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at MarketWatch.com (Fri, 5:04AM)
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at MarketWatch.com (Thu, 12:22PM)
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at MarketWatch.com (Thu, 12:07PM)
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at MarketWatch.com (Thu, 7:03AM)
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at MarketWatch.com (Tue, 12:27PM)
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at MarketWatch.com (Tue, 12:27PM)
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at MarketWatch.com (Jun 10, 2013)
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at MarketWatch.com (Jun 10, 2013)
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at MarketWatch.com (Jun 7, 2013)
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at MarketWatch.com (Jun 3, 2013)
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at MarketWatch.com (Jun 3, 2013)
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at Fox Business (Jun 3, 2013)
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at MarketWatch.com (Jun 3, 2013)
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at MarketWatch.com (May 31, 2013)
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at MarketWatch.com (May 31, 2013)
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at MarketWatch.com (May 30, 2013)
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at MarketWatch.com (May 30, 2013)
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at MarketWatch.com (May 29, 2013)
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at MarketWatch.com (May 29, 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
- Monday, June 17, 3:20 PM J.P. Morgan turns a bit more positive on mining stocks (XME), moving to Neutral from Underweight on the sector as miners cut capex and the sector's relative price/book ratio is back to 2009 lows. While the firm remains skeptical that free cash flow yield could turn positive again in 2014, it says the market could give the sector the benefit of the doubt for a while. Sector favorites: RIO, GLCNF.PK. Comment! [Commodities, Quick Ideas]
- Thursday, June 13, 2:34 PM Rio Tinto (RIO +3.4%) shares are strong after the selling one of its U.S. mines and stating its intention to dump others. The sale wouldn't suffice to move the needle, but combined with other potential sales "raises the potential for capital management in early 2014," Citigroup says. J.P. Morgan says concern over iron ore prices is excessive. Other base metals miners are up: CLF +6.6%, BHP +1.8%, VALE +4.9%. Comment! [Commodities, On the Move]
- Wednesday, June 12, 9:47 PM Rio Tinto (RIO) has agreed to sell its Eagle project in Michigan to Lundin Mining (LUNMF.PK) for approximately $325M as part of its increasing focus on divesting non-core assets. The underground nickel-copper mine in the Upper Peninsula has construction about half complete and is expected to begin production in 4Q14; Lundin will spend another $400M to bring it on line. Comment! [Commodities]
- Wednesday, June 12, 2:47 PM Mining companies were supposed to invest $1.5B in Guinea this year but instead a 30% drop is feared as miners cut capex for projects and China growth slows. Case in point: Rio Tinto (RIO) won't meet its 2015 target date for production at its $20B Simandou iron ore project. Guinea's $5B economy relies heavily on mining, accounting for 20% of GDP, 30% of export revenues and 80% of foreign currency inflow. Comment! [Commodities]
- Wednesday, June 12, 9:59 AM Rio Tinto (RIO +0.8%) has invested nearly €80M in its Dunkirk aluminum plant in the past 18 months and plans to invest at least that much again over the next five years on energy saving and efficiency improvements. As Rio's 25-year contract with French utility EDF expires at the end of 2016, its electricity bill - which adds up to 23% of production costs - could rise as much as 80% otherwise. Comment! [Commodities]
- Wednesday, June 12, 3:45 AM Rio Tinto (RIO) has reportedly attracted interest from three suitors for around $3B worth of Australian thermal-coal assets, including from Coal India, the world's largest coal producer by output. The assets include an up to 29% stake in Rio's New South Wales Coal & Allied unit. Any deals would fit in with the company's strategy of selling smaller or less profitable operations. Comment! [Commodities]
- Tuesday, June 11, 8:24 AM Rio Tinto (RIO) plans to start exporting copper from the $6.2B Oyu Tolgoi mine in Mongolia on Friday, Reuters reports, marking the opening of a mine that will eventually make up one-third of the country's economy. For Rio, it is particularly important now as its Bingham Canyon mine in Utah was shut by a landslide in April and its 40%-owned Grasberg mine in Indonesia has been shut following an accident in May. Comment! [Commodities]
- Wednesday, June 5, 11:13 AM Cliffs Natural Resources (CLF -3.4%) is among the S&P's worst performers, as global iron ore capacity is expected to increase faster than demand from China, continuing to weigh on prices, according to the head of Baosteel, China's third-biggest mill. Steel output growth has dropped to less than 5%/year from 20% between 2000-06. BHP -2.9%, RIO -1.8%, VALE -1.8%. (also) Comment! [Commodities, Global & FX, On the Move]
- Monday, June 3, 10:36 AM Rio Tinto (RIO +2.4%) is said to be pursuing an IPO of its gem unit, the world's largest supplier of natural colored diamonds, after failing to find a buyer. RIO is working on asset sales and cutting staff as waning global demand for commodities is crimping revenue across the sector. 1 Comment [Commodities, On the Move]
- Sunday, June 2, 6:40 PM Glencore Xstrata (GLCNF.PK) and Blackstone (BX) may bid for Rio Tinto's (RIO) 59% stake in Iron Ore of Canada, sources tell WSJ. RIO put the position up for sale earlier this year. Some say Blackstone is the more likely suitor given that Glencore is still busy integrating Xstrata. The Journal notes that mining companies are becoming "more cautious on bidding for new assets [as] investors demand restraint on spending [amid] falling commodity prices" (previous). Bankers say this has opened the door for private-equity. Comment! [Commodities, M&A]
- Friday, May 31, 4:45 PM Iron ore prices suffered their worst week in more than a year, and Barclays believes the drop likely will continue as significant new capacity enters the market between now and the end of 2014 with softer demand growth magnifying the effects. No surprise that iron miners are hurting: VALE -4.6% today and -7.7% this week, CLF -3.6% today and -12.8% this week, RIO -4.1% and -2.9%, BHP -2.9% and -3.4%. 3 Comments [Commodities]
- Thursday, May 30, 11:47 AM Prices of iron ore hit a seven-month low today, and are down 30% since hitting a year high in February, as prices get hit by a demand slowdown in China and a glut of supply. Analysts are predicting more declines, with Westpac projecting iron ore prices to drop to as low as $85 a ton by the end of September. Liberum Capital notes that its channel checks show the price may fall below $90 a ton. "The market is flush with product at the moment," says RBS Morgans resources analyst James Wilson. "Pricing power has switched from the iron-ore miners to the steel mills." 7 Comments [Commodities, Global & FX]
- Friday, May 24, 8:10 AM Rio Tinto (RIO) cuts ~100 jobs at its Kennecott copper operation in Utah and warns more positions will be cut to reduce operating costs after April's pit-wall collapse. Rio estimates more than 165M tons of earth slid into its open-pit Bingham Canyon mine, and will reduce planned copper production there by about 50% this year. RIO -1.2% premarket. Comment! [Commodities]
- 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]
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paulalmony
$BHP, $VALE and $RIO control 66% of the seaborne market. Prices will only go down as far as they let it - View all 0 replies
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John Rayhall: I dunno I used to think CLF was never going to go down years ago now it seems to only go down. -
Reaster: Been saying tht CLF will retouch 2009 lows of $13 for several months now all it has to do is break through the $16 level and its then $13
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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
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
LATEST REPLIES
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John Rayhall: I dunno I used to think CLF was never going to go down years ago now it seems to only go down.
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Reaster: Been saying tht CLF will retouch 2009 lows of $13 for several months now all it has to do is break through the $16 level and its then $13
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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.