Articles by Rio Tinto
Australian Stock Market Report – Midday January 14, 2015
January 14 2015 2:14 PM
Australian shares are losing ground for the third day in what has been a volatile start to the session. The ASX 200 Index is down 0.1 per cent with weaker commodity prices and softer US markets not helping.
Australian Stock Market Report – Midday January 9, 2015
January 09 2015 3:21 PM
The Australian sharemarket is off to its best start of the week with the ASX 200 Index up by 1 per cent. This is ahead of the single most important piece of data; the US non-farm payrolls (a monthly jobs report) out tonight at 12.30am AEDT.
Australian Stock Market Report – Midday January 5, 2015
January 05 2015 2:58 PM
Australian shares are improving at lunch despite a softer start. The ASX 200 Index is up by 0.3 per cent after a 0.8 per cent slump on the open. An air of normality is returning to markets this week following a fortnight of patchy trade due to holidays. Volume however is likely to remain quiet with investors still remaining in holiday mode for the first few weeks of a new year.
Australian Stock Market Report – Midday December 30, 2014
December 30 2014 3:08 PM
Australian shares are easing for just the second time in eight trading sessions following yesterday's 2.5 per cent surge. The ASX 200 Index is down by 0.3 per cent on light volume due to the holiday interrupted trading week.
BREE Forecasts 33% Cut In Iron Ore Prices To $63/Tonne In 2015
December 23 2014 5:03 PM
Relief appears nowhere for Australia's iron ore exporters as supply continues to exceed demand, prompting the Bureau of Resources and Energy Economics (BREE) to cut again its forecast of prices for the key-steelmaking ingredient in 2015.
Australian Stock Market Report – Afternoon December 22, 2014
December 22 2014 7:19 PM
Australian shares improved for the fourth straight day with the ASX 200 Index up 1.9 per cent and finishing near intraday highs. Generally markets are quiet as we approach Christmas; however a surge in oil and iron ore prices on Friday have helped both energy and mining industries gain strongly.
BHP Believes Iron Ore Prices Unlikely To Go Higher Than $100
December 15 2014 9:56 AM
Based on the movement of iron ore prices in the global market, mining giant BHP Billiton (ASX: BHP) forecast that the price of this key-steelmaking ingredient would not breach $100 per tonne.
Australian Stock Market Report – Afternoon December 8, 2014
December 08 2014 7:31 PM
Australian shares kicked off the trading weak substantially firmer with the ASX 200 Index up 0.7 per cent and ending just shy of 5400pts. Local shares managed to rise by 0.4 per cent last week despite a tough start to the week.
Canada's Diavik Diamond Mine Receives $350M Boost From Anglo-Australian Miner Rio Tinto
November 28 2014 1:41 PM
Rio Tinto will be expanding its Diavik diamond mine in Canada.
Australian Stock Market Report – Midday November 26, 2014
November 26 2014 4:01 PM
The market volatility that has been a recent staple for local shares continued on Wednesday. The ASX 200 opened with a gain of 4 points before rallying to an improvement of 56 points at the morning highs. Thereafter the index consolidated within sight of the best levels of the day. The early improvements locally came despite flat results for European and US indices in the last 12 hours. European shares rose on Tuesday but gains in bank stocks were offset by weakness in resources. The FTSEurofirs...
Experts Say Rio Tinto-Glencore Merger Is Inevitable; Iron Ore Price Drops Below $70
November 26 2014 2:57 PM
A potential merger between Rio Tinto (ASX: RIO) and Glencore (LON: GLEN) could create the world's biggest mining company and dislodge BHP Billiton (ASX: BHP) from the top, a London expert said.
Australian Stock Market Report – Midday November 25, 2014
November 25 2014 3:38 PM
The Australian market is having its worst day in close to six weeks with mining and energy stocks wiping out most of Monday's gains. The ASX 200 Index is down 0.9 per cent and remains just above the key 5300pt level. Local shares surged by 1.1 per cent yesterday following the surprise interest rate cuts in China.
While Australian Miners Declare End of Massive Expansion of Iron Ore, Gina Rinehart Bucks Trend & Starts Export From New Mine
November 24 2014 1:05 PM
Gina Rinehart is the richest person in Australia and would likely remain that way for a long time. One reason behind her wealth, aside from inheriting Hancock Prospecting established by her father, Lang Hancock, is her bucking business trends.
Australian Stock Market Report –Afternoon November 21, 2014
November 21 2014 8:24 PM
The Australian sharemarket has finished the session weaker for a fifth straight day. The All Ords (XAO) slipped 0.2 percent to 5,292, while the S&P/ASX 200 (XJO) fell 0.2 percent to 5,304. Eight out of 10 sectors were lower, led by Utilities, which lost 1.5 percent. The S&P/ASX 200 has fallen 2.7 percent this week on heavy selling in the materials and energy sectors.
Australian Stock Market Report – Midday November 21, 2014
November 21 2014 4:26 PM
Australian shares are losing ground for the fifth day and remain only modestly above the 5300pt level. The ASX 200 Index is down by 0.1 per cent at lunch and takes the losses to 2.6 per cent this week. Should nothing change this afternoon this will be the worst week for local shares since June 2013.
Australian Stock Market Report – Midday November 19, 2014
November 19 2014 5:07 PM
In the last two and a half weeks there have been only 3 occasion on which the ASX 200 has risen. The weaker trend was once again in force at the open of trade on Wednesday. While the early losses for the ASX 200 were contained; the index was down 18 points at the low of the session; it appeared clear that sellers were still keen to test the index in terms of support around the 5400 mark. Whether the market holds above this level will be one of the key matters to resolve over the remainder of the...
Australian Stock Market Report – Midday November 18, 2014
November 18 2014 4:13 PM
Local shares have been dipping in and out of positive territory so far today with investors remaining indecisive. The ASX200 Index is unchanged and has been approaching the 5400pt mark; a level not breached since late October.
Australian Stock Market Report – Midday November 13, 2014
November 13 2014 2:56 PM
Australian shares are sliding for the fourth day taking the losses this week to 1.8 per cent. The ASX 200 index is down 0.4 per cent and is trading below the 5450 mark. It has been a rocky ride for markets in recent months however with local shares surging by 6 per cent over the past month.
Citigroup Forecasts Iron Ore Price To Further Plummet Below $60/Tonne In 2015
November 13 2014 10:28 AM
Iron ore prices has fallen to a five-year low of $76 per tonne in the international market. But it isn't the worst case scenario because a Citibank study forecasts the price of this key steelmaking-ingredient could still drop to less than $60 in 2015.
Australian Stock Market Report – Afternoon November 11, 2014
November 11 2014 7:59 PM
Australian shares ended in the red for the second day with the ASX 200 slipping by 0.1 per cent. Despite losses of 0.5 per cent so far this week the ASX 200 still remains above the key 5500 pt level.