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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:05 EDTRIORio Tinto is continuing its drive for further cost reductions
Rio Tinto's planned spending on exploration and evaluation projects will be reduced by $1B over the remainder of 2012 and 2013. Capital expenditure on approved and sustaining projects will taper off from current levels in 2013sustaining capital expenditure will reduce by more than $1B next year.
News For RIO From The Last 14 Days
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May 20, 2013
07:58 EDTRIOBofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am.
May 14, 2013
09:38 EDTRIORio Tinto downgraded to Equal Weight from Overweight at Barclays
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07:29 EDTRIOBofA/Merrill to host a conference
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May 10, 2013
05:53 EDTRIOCarlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link
May 9, 2013
07:57 EDTRIORio Tinto CEO defends iron ore expansion criticized by holders, FT says
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07:12 EDTRIOMiners' asset sale attracts private equity, Bloomberg reports
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May 8, 2013
05:47 EDTRIORio Tinto sees record iron sales to China, WSJ reports
Rio Tinto (RIO) expects its iron ore sales to China to rise to a record this year due to the country's increasing demand for steel, according to Alan Smith, president of Rio Tinto Iron Ore Asia, reports the Wall Street Journal. He said China's demand for steel is expected to rise at a compound annual growth rate of 3% in the next decade.Reference Link

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