Rio Tinto bosses lose bonuses after destruction of Aboriginal sites
24th Aug 2020 07:50
(Sharecast News) - The short-term bonuses of Rio Tinto's chief executive and two other executives have been cut following the destruction of two ancient Aboriginal caves in Western Australia.
Read moreBofA sees gold hitting $3,000/oz., silver at $50/oz.
5th Aug 2020 11:34
(Sharecast News) - Strategists at Bank of America hiked their 18-month target for gold futures from $2,000/oz. to $3,000/oz. as governments continue to act to mend the damage from Covid-19, backstopped by central banks.
Read moreLondon midday: Upbeat readings on global manufacturing boost stocks
3rd Aug 2020 12:17
(Sharecast News) - Stocks in London have shaken off early losses, helped by the release of a much better than expected reading on euro area factory activity last month and similarly upbeat survey results overnight in China.
Read moreThursday broker round-up
30th Jul 2020 14:16
(Sharecast News) - Tullow Oil: Berenberg downgrades to hold with a target price of 40.0p.
Read moreRio Tinto pays dividend as iron ore prices soar
29th Jul 2020 07:20
(Sharecast News) - Soaring iron ore prices and better-than-expected interim profits allowed mining giant Rio Tinto to pay out a dividend.
Read moreMonday broker round-up
20th Jul 2020 13:32
(Sharecast News) - British American Tobacco: Jefferies downgrades to hold with a target price of 3,000.0p.
Read moreJPMorgan downgrades Ferrexpo but lifts price target
15th Jul 2020 13:05
(Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of iron ore company Ferrexpo to 'underweight' from 'neutral' on Wednesday following the recent rise in the share price, as it took a look at the metals and mining sector.
Read moreRio Tinto to close New Zealand aluminium operation
9th Jul 2020 08:19
(Sharecast News) - Rio Tinto announced on Thursday that it will start planning the wind-down of operations, and the eventual closure of, its New Zealand Aluminium Smelters (NZAS) operation, following its strategic review.
Read moreRBC Capital upgrades Rio Tinto, highlights attractive dividend yield
8th Jul 2020 13:33
(Sharecast News) - RBC Capital Markets upgraded its stance on shares of miner Rio Tinto to 'sector perform' from 'underperform' on Wednesday, hiking the price target to 4,200p from 3,600p.
Read moreMonday broker round-up
6th Jul 2020 13:59
(Sharecast News) - Softcat: Citigroup downgrades to sell with a target price of 957.0p.
Read moreRio Tinto slashes estimates at Oyu Tolgoi after mine redesign
3rd Jul 2020 08:10
(Sharecast News) - Australian miner Rio Tinto slashed copper reserve forecasts at its Oyu Tolgoi mine in Mongolia after design plans had to be redrawn due to more risks of rock instability.
Read moreThursday broker round-up
2nd Jul 2020 13:42
(Sharecast News) - Rio Tinto: Deutsche Bank upgrades to buy with a target price of 4,900.0p.
Read morePeter Toth takes new role on Rio Tinto executive
1st Jul 2020 07:42
(Sharecast News) - Rio Tinto has added a new role to its executive committee, it announced on Wednesday, with Peter Toth becoming group executive of strategy and development.
Read moreRio Tinto signs power plan deal for Mongolian copper mine
29th Jun 2020 07:08
(Sharecast News) - Rio Tinto, Turquoise Hill Resources and the Mongolian government have agreed on a domestic power plan for Oyu Tolgoi that prepares the ground for the government to fund and build a state-owned power plant at the giant copper mine.
Read moreRio Tinto agrees to publish review into destroyed heritage site
19th Jun 2020 07:03
(Sharecast News) - Rio Tinto has agreed to make public a review into its decision to destroy the Juukan Gorge Aboriginal heritage site after political and investor pressure over the botched operation.
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