UBS upgrades Glencore to 'buy' after recent selloff
20th Mar 2023 12:45
(Sharecast News) - UBS upgraded Glencore to 'buy' from 'neutral' on Monday as it said the risk/reward was now attractive after the recent selloff.
Read moreRio Tinto pays $15m to settle Guinea bribery case
7th Mar 2023 07:21
(Sharecast News) - Rio Tinto has agreed to pay a $15m penalty over bribery charges brought by the US Securities and Exchange Commission, involving payments to a consultant in Guinea to keep mining rights over a project in the country.
Read moreBank of America 'broadly positive' on miners, says buy Rio, 'likes' Centamin
2nd Mar 2023 15:10
(Sharecast News) - Analysts at Bank of America sounded a "still broadly positive" note on the outlook for European Metals and Mining equities.
Read moreRio Tinto halves dividend as profits slump on weak China demand
22nd Feb 2023 07:19
(Sharecast News) - Rio Tinto halved its dividend as profits slumped by more than a third due to weaker iron ore prices on the back of slowing demand from China and higher costs.
Read moreSector movers: Miners and Big Pharma drag
1st Feb 2023 21:33
(Sharecast News) - Miners were again the main drag on the stock market on a mixed day for industrial metals' prices as traders waited on the Federal Reserve's interest rate decision and policy guidance on Wednesday evening.
Read moreTiny missing Rio Tinto 'needle in haystack' capsule found in Western Australia
1st Feb 2023 07:39
(Sharecast News) - A miniscule radioactive capsule lost by Australian miner Rio Tinto has been recovered in the remote Western Australian outback, officials said on Wednesday.
Read moreRio Tinto loses radioactive capsule in Australian outback
30th Jan 2023 09:04
(Sharecast News) - Iron ore giant Rio Tinto has lost a radioactive capsule somewhere in Western Australia, between the town of Newman and the state's capital city.
Read moreSector movers: Automobiles drag on stocks, miners track copper higher
18th Jan 2023 19:25
(Sharecast News) - Automobiles paced losses on the stock market in the middle of the week after TI Fluid Systems warned that its fourth quarter revenues took a hit from Covid restrictions and a switch to electric vehicles in China.
Read moreRio Tinto warns of risks from China as Q4 iron ore shipments rise
17th Jan 2023 07:02
(Sharecast News) - Mining giant Rio Tinto said China's dismantling of Covid-19 restrictions raised risks of labour and supply-chain shortages as it reported a 4% increase in iron ore shipments in the fourth quarter.
Read moreBarclays downgrades Antofagasta, upgrades Rio
12th Jan 2023 12:44
(Sharecast News) - Barclays downgraded Antofagasta but upgraded Rio Tinto on Thursday as it took a look at European metals and mining stocks, arguing that the China pivot has room to run.
Read moreSunday newspaper round-up: Dividend payments, Beijing, Dow Jones
25th Dec 2022 17:58
(Sharecast News) - AJ Bell believes that dividend payments by FTSE 100 companies will hit a record £85.8bn in 2023, for an 8% increase in comparison to 2022 and far above the £61.8bn low plumbed during Covid-19. According to analysts cited by the broker, that was in spite of estimates for slower profit growth, which was expected to come to a halt in 2024. In fact, dividends of £90.9bn were projected for 2024. Nonetheless, just 20 names would account would account for 72% of the total in 2022 with Shell, Glencore, Rio Tinto and British American Tobacco at the top of the leaderboard for payouts. - Financial Mail on Sunday
Read moreJPMorgan downgrades Rio Tinto
14th Dec 2022 08:48
(Sharecast News) - JPMorgan has downgraded Rio Tinto to 'underweight' following a review of European mining stocks.
Read moreRio Tinto sees 2023 iron ore shipments in same range as current yr
30th Nov 2022 07:43
(Sharecast News) - Rio Tinto said iron ore shipments next year would be in the same range as current-year guidance, but warned of rising costs.
Read moreRio Tinto signs settlement with traditional owners over Juukan Gorge vandalism
28th Nov 2022 07:02
(Sharecast News) - Mining company Rio Tinto has reached an agreement with traditional land owners after the destruction of sacred rock shelters at the Juukan Gorge in Western Australia two years ago.
Read moreRio Tinto ends talks with dissenting Turquoise Hill investors
18th Nov 2022 07:34
(Sharecast News) - Mining giant Rio Tinto said it had ended its talks with dissenting minority shareholders of takeover target Turquoise Hill Resources.
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