Articles Tagged "Rio"

Rio plans $10bn expansion

The Australian reports that Rio (NYSE:RIO) is planning a sizeable expansion to its’ operations in the C, committing   $10bn + to the project. They expect that the board will approve the first stage only, initially. The story is quoted as saying: As reported in The Australian in August, Rio has said it planned to approve the [...]

Rio Tinto Iron Ore Output surged in 2Q

Rio Tinto, the world’s third leading mining company, that its iron ore output surged 8 percent in the second quarter and that it expects a recovery in Chinese steel demand in the second half of the year. For full story, click here

Goldman Sachs forecasted bottoming of iron ore prices

Goldman Sachs JBWere Private declared that cash prices for iron ore will bottom this quarter as demand from China rebounds, boosting forecast earnings for BHP Billiton Limited and Rio Tinto Group. Mr Malcolm Southwood and Mr Paul Gray analysts of Goldman Sachs JBWere declared: We now believe that the current quarter will mark the bottom [...]

Iron Market: Heading For A Glut?

By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]