Rio Tinto, Turquoise Hill sign funding deal on Oyu Tolgoi copper mine
9th Apr 2021 07:29
(Sharecast News) - Rio Tinto said it has signed a binding heads of agreement with Turquoise Hill Resources on an updated funding plan of around $2.3bn to finish the Oyu Tolgoi copper project in Mongolia.
Read moreSunday newspaper round-up: Covid, BAE Systems, Restaurants and pubs
4th Apr 2021 20:36
(Sharecast News) - Fifty-two areas of England have had no cases of Covid in the over-70s during the past week, analysis reveals. Accounting for a sixth of local authorities, the boroughs are in places as varied as Burnley, Stafford and Southwark. However, the preponderance are in the east and southeast of England, which were hit hardest by the more infectious so-called Kent variant this winter. - Sunday Telegraph
Read moreRio Tinto chairman to step down following 'tragic' destruction of ancient caves
3rd Mar 2021 07:08
(Sharecast News) - The chairman of Rio Tinto is to leave the blue chip miner after conceding he was "ultimately accountable" for failings that led to the destruction of ancient rock shelters in Australia.
Read moreMonday broker round-up
22nd Feb 2021 12:50
(Sharecast News) - Glencore: JP Morgan upgrades to overweight with a target price of 350p.
Read moreRio Tinto delivers record dividend as iron ore demand boosts profits
17th Feb 2021 07:00
(Sharecast News) - Rio Tinto delivered a record dividend to shareholders as soaring iron ore prices and demand from China drove full-year profits sharply higher.
Read moreBerenberg initiates Anglo American with 'buy' rating
5th Feb 2021 09:27
(Sharecast News) - Berenberg advised investors to 'buy' Anglo American as the broker published an upbeat view of the sector's long-term prospects and potential to pay dividends.
Read moreRio Tinto appoints CFO Stausholm as new chief executive
17th Dec 2020 07:35
(Sharecast News) - Rio Tinto said it had appointed finance director Jakob Stausholm as its next chief executive as the Anglo-Australian mining giant looked to move on after blowing up a sacred Aboriginal site, sparking global outrage.
Read moreJP Morgan hikes targets for iron ore miners, says shares haven't kept up with Chinese demand
14th Dec 2020 14:51
(Sharecast News) - Analysts at JP Morgan hiked their target prices for several of the world's largest iron ore miners due to the confluence of strong demand and an unexpected supply shock which also saw them raise their price projections for iron ore.
Read moreRio Tinto urged to compensate Indigenous Australians for destruction of sacred land
9th Dec 2020 10:15
(Sharecast News) - Mining company Rio Tinto is being urged by an Australian inquiry panel to pay restitution to Indigenous Australians after it blasted two ancient rock shelters in an expansion of its iron ore mine in May 2020.
Read moreOdey accuses Rio Tinto of destroying value over Mongolian mine
25th Nov 2020 09:44
(Sharecast News) - Odey Asset Management has accused Rio Tinto of destroying value through lack of action over problems at Turquoise Hill, through which Rio Tinto owns a giant copper mine in Mongolia.
Read moreCiti predicts rebound for European miners
4th Nov 2020 11:23
(Sharecast News) - Citi named Anglo American, Rio Tinto and Polymetal International as its top metals and mining picks as the bank predicted earnings recovery and higher dividends for the sector.
Read moreMonday broker round-up
14th Sep 2020 13:49
(Sharecast News) - Redcentric: Canaccord initiates buy with a target price of 195.0p.
Read moreFriday broker round-up
11th Sep 2020 13:47
(Sharecast News) - Vistry: JP Morgan upgrades to neutral with a target price of 670.0p.
Read moreRio Tinto CEO to quit after Aboriginal cave demolition
11th Sep 2020 07:01
(Sharecast News) - Rio Tinto chief executive Jean-Sébastien Jacques has resigned after the company's board yielded to shareholder pressure over the destruction of sacred 46,000-year-old rock shelters in Western Australia.
Read moreCiti upgrades Rio Tinto to 'buy'
10th Sep 2020 12:22
(Sharecast News) - Citi upgraded Rio Tinto on Thursday to 'buy' from 'neutral' and hiked the price target to 5,300p from 4,600p as it argued that the case for expanded capital returns has strengthened.
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