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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:12 EDTRIORio Tinto nearing Simandou deal, Guardian reports
Rio Tinto is poised to ink a long-awaited investment agreement for the stalled $20B Simandou iron ore project in Guinea later this month, the Guardian reports, citing comments made by CEO Sam Walsh. The project will include a railway to carry iron ore from the Simandou mountain range to a deep-water port. Reference Link
News For RIO From The Last 14 Days
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October 14, 2014
19:39 EDTRIORio Tinto lowers FY14 diamond production guidance
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19:36 EDTRIORio Tinto increases FY14 thermal coal production guidance
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19:33 EDTRIORio Tinto reduces FY14 alumina production guidance
Rio Tinto’s share of bauxite and aluminium production for FY14 is unchanged and is expected to be 41M tonnes and 3.4M tonnes, respectively. Alumina production guidance is reduced to 7.4M tonnes from 7.6M tonnes, excluding alumina production in the year from the Gove alumina refinery.
19:32 EDTRIORio Tinto increases FY14 copper production guidance
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19:29 EDTRIORio Tinto reports Q3 production data
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October 12, 2014
17:50 EDTRIORio Tinto shares could climb 20%, Barron's says
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October 9, 2014
07:24 EDTRIORio Tinto executive stands behind iron ore expansion, SMH reports
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October 7, 2014
16:31 EDTRIORio Tinto confirms no talks are taking place with Glencore
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10:08 EDTRIORio Tinto down over 4% after Glencore confirms will not pursue merger
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10:05 EDTRIOGlencore confirms no longer considering merger with Rio Tinto
Glencore notes the recent press speculation regarding a possible merger between Glencore and Rio Tinto. Glencore announces that in July it made an informal enquiry by telephone call to Rio Tinto, seeking to gauge whether there might be any interest at Rio Tinto in investigating some form of merger between the two companies. Rio Tinto responded that it was not interested in pursuing these discussions. Glencore confirms that it is no longer actively considering any possible merger transaction with, or offer for the shares of, Rio Tinto. As a consequence of this announcement, the Panel Executive has determined that Glencore is for a period of 6 months from the date of this announcement subject to Rule 2.8 of the City Code on Takeovers and Mergers in relation to Rio Tinto. Glencore however reserves its rights to make an offer in the future with the consent of the Takeover Panel, either with the recommendation of the Board of Rio Tinto, in the event of a third party offer for Rio Tinto, or in the event of a material change in circumstances.
10:04 EDTRIOGlencore confirms no longer considering any merger with Rio Tinto
06:09 EDTRIORio Tinto confirms no discussions taking place with Glencore
The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto board confirms that no discussions are taking place with Glencore. In July 2014, Glencore contacted Rio Tinto regarding a potential merger of Rio Tinto and Glencore. The Rio Tinto board, after consultation with its financial and legal advisers, concluded unanimously that a combination was not in the best interests of Rio Tinto's shareholders. The board's rejection was communicated to Glencore in early August and there has been no further contact between the companies on this matter. Rio Tinto remains focused on the successful execution of its strategy, which the board of Rio Tinto is confident will continue to deliver significant and sustainable value for shareholders.
October 6, 2014
18:32 EDTRIORio Tinto confirms no talks occuring with Glencore, Bloomberg says
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12:54 EDTRIOMining stocks rise after report of potential Rio Tinto, Glencore merger planning
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12:15 EDTRIOGlencore laying groundwork for potential merger with Rio Tinto, Bloomberg says
Glencore is "laying the groundwork" for a potential merger with Rio Tinto Group next year, according to Bloomberg, citing people familiar with the situation. The potential deal would create the world's largest mining company, worth around $160B. Reference Link
12:08 EDTRIORio Tinto calls active after report on Glencore steps toward possible deal
Rio Tinto October October 50 and 51 calls are active on total call volume of 4K contracts (1K puts) on Glencore laying groundwork for a potential merger with Rio Tinto, Bloomberg says. October call option implied volatility is at 67, November is at 50, January is at 37; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement.
12:08 EDTRIOCliffs Natural, Freeport mover higher after Bloomberg report on Rio Tinto
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12:01 EDTRIORio Tinto jumps 9% after report on Glencore steps toward possible deal
11:59 EDTRIOGlencore laying groundwork for potential merger with Rio Tinto, Bloomberg says
08:42 EDTRIORio Tinto volatility increases as shares trend lower
Rio Tinto October call option implied volatility is at 33, November is at 33, January is at 31; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement.
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