Rio Tinto warns of further volatility
14th Jul 2010 07:03
This year continues to "shape up well" for Rio Tinto, but the mining heavyweight today warned investors to expect further volatility in commodity prices on fears of a double-dip recession and concerns about Chinese demand. In a second quarter update, chief executive Tom Albanese said operations are
Read moreMARKET TALK: Global Volatility Will Continue - Rio Tinto CEO
14th Jul 2010 06:46
0546 GMT [Dow Jones] While Rio Tinto (RIO.AU) CEO Tom Albanese appears confident in group's outlook for 2010, investors likely to take note of his somewhat cautious comments about the global economic outlook. The "pattern of volatility" in the global economy is "set to continue", says Albanese in co
Read moreRio Tinto: 2Q Iron Ore Output 43.6M Metric Tons, Down 2% On Year
14th Jul 2010 06:24
SYDNEY (Dow Jones)--Iron ore production by Rio Tinto Ltd. (RIO.AU) fell 2% in the second quarter of 2010 compared with the same period last year, but improved 1% from the first three months of the year, to 43.6 million metric tons, the company said Wednesday. In a second quarter operations revie
Read moreCoal & Allied 2Q Saleable Production Up 10% On Quarter, 4% On Year
14th Jul 2010 05:36
MELBOURNE (Dow Jones)--Coal & Allied Industries Ltd. (CNA.AU) said Wednesday its share of total saleable production in the three months to June 30 rose 10% on the previous quarter and 4% for the same period last year. The company said in a statement that it ramped up production of semi-soft coki
Read moreRio Tinto: Approves Funding For Pilbara Expansion To 330M Tons/Year Capacity
14th Jul 2010 01:07
SYDNEY (Dow Jones)--Rio Tinto Ltd. (RIO.AU) said Wednesday it has arranged US$200 million in funding to expand its iron ore operations in Western Australia state's Pilbara region. The money would be spent on dredging work to assist in the expansion of Cape Lambert, a port in the eastern Pilbara,
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Flat; SPI Down 0.4%
14th Jul 2010 00:51
2351 GMT [Dow Jones] S&P/ASX 200 offshore leads flat, though overnight SPI 200 futures down 16 points, or 0.4%, at 4429.0 on renewed concern about U.S. economy. DJIA up 3.7 points at 10366.72 (7th straight gain), S&P 500 down 0.2 points, Nasdaq up 0.4%. Fed lowered its 2010 GDP growth forecast to 3.
Read moreUPDATE:Ivanhoe Removes Restriction For Potential Investors
13th Jul 2010 17:20
(Adds details) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ivanhoe Mines Ltd. (IVN.T) Tuesday said it was terminating a covenant that governs Rio Tinto PLC's (RTP) investment in Ivanhoe, a step that will allow the Canadian miner to issue more than 5% of its shares to str
Read moreMARKET TALK: Ivanhoe In Play After Lifting Share Issue Cap
13th Jul 2010 16:23
1523 GMT [Dow Jones] "Ivanhoe (IVN.T) is in play" after the Canadian miner gave Rio Tinto (RTP) notice that it was terminating its Strategic Purchaser Covenant, says Raymond Goldie of Salman Partners. "If there were to be a take-out, we consider...C$19.85/share to be a likely figure at which the com
Read moreIvanhoe Lifts Restrictions On Stake For Potential Investors
13th Jul 2010 14:53
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ivanhoe Mines Ltd (IVN.T) Tuesday said it was terminating a covenant that governs Rio Tinto PLC's (RTP) investment in Ivanhoe, a step that will allow the Canadian miner to issue more than 5% of its shares to strategic investors.
Read more2nd UPDATE: ERA 2010 Production Seen Down 18% On Poor Ore-CEO
13th Jul 2010 05:10
(adds CEO comment, heap leach background, recasts) By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Poorer-than-expected ore grades at the resumption of dry season mining in Energy Resources of Australia Ltd.'s (ERA.AU) Ranger uranium mine will be largely responsible for a
Read moreUPDATE: Energy Resources 2010 Production Expected Down 18%
13th Jul 2010 03:11
(Adds analyst comment, background) By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Production from Energy Resources of Australia Ltd.'s (ERA.AU) Ranger uranium mine is expected to be down as much as 18% in 2010 due to increased rainfall and hitting a patch of less producti
Read moreUPDATE: Energy Resources 2010 Production Expected Down 18%
13th Jul 2010 03:10
(Adds analyst comment, background) SYDNEY (Dow Jones)--Production from Energy Resources of Australia Ltd.'s (ERA.AU) Ranger uranium mine is expected to be down as much as 18% in 2010 due to increased rainfall and hitting a patch of less productive ore, the company said Tuesday. Forecast ful
Read moreMARKET TALK: S&P/ASX 200 Up 0.2%; Banks Offset Miners
13th Jul 2010 01:44
0044 GMT [Dow Jones] S&P/ASX 200 up 0.2% at 4420.3, hits 11-day high of 4429.1 as strength in financials and most other sectors offsets the weakness in materials inherited from Wall Street. Major banks up 0.6%-1.7%, while BHP (BHP.AU) down 1.5%, Rio Tinto (RIO.AU) down 1.9%, Fortescue (FMG.AU) down
Read moreEnergy Resources: Production Now Expected Down 18% In 2010
13th Jul 2010 01:15
SYDNEY (Dow Jones)--Production from Energy Resources of Australia Ltd.'s (ERA.AU) Ranger uranium mine is expected to be down as much as 18% in 2010 due to increased rainfall and hitting a patch of less productive ore, the company said Tuesday. Forecast full-year production was downgraded from a
Read moreMARKET TALK: ERA Cut To Sell; BHP, Rio Better Uranium Plays-RBS
13th Jul 2010 00:23
2322 GMT [Dow Jones] STOCK CALL: Energy Resources of Australia (ERA.AU) moved down to Sell from Hold by RBS analyst Lyndon Fagan, sees "few positive catalysts on the horizon" and prefers diversified miners Rio Tinto (RIO.AU), BHP Billiton (BHP.AU) for uranium exposure; fall in ERA's 2Q uranium produ
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