Rio Sees Reason to Boost Iron Ore Demand Despite Soft Patch in China
Reuters reported Rio Tinto (NYSE:RIO) said an upward trend in China's demand for more imported iron ore was intact despite softening steel production.
Articles Tagged "Rio"
Rio Set for Bumper Profit as Iron Ore and Coal Output Soars
SMH reported Rio Tinto (ASX:RIO,LSE:RIO) will beat last year's record profit and it will meet its 2011 production target for iron ore.
Vale Iron Ore Price to Stay at Record, Rio May Drop, Platts Says
Bloomberg reports contract iron ore prices charged by Vale SA (ETR:CVLC,FRA:CVLC) will probably stay at record levels in the third quarter, while Rio Tinto Group (NYSE:RIO) may drop prices.
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
Rio Tinto Iron Sales Team Was Arrested In China
An Australian man is one of four Rio Tinto employees who have been arrested and detained by Chinese authorities, with the Rudd Government demanding Beijing provide “urgent consular access to him”. For full story, click here
How does BHP-Rio Iron Ore stacked up for investors?
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto. John Sevior, head of Australian equities for Perpetual Investments, stated: I think it’s a very clever deal. 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, [...]
Cia Vale Rio Doce iron shipments to rebound after Q2
Bloomberg declared that Cia Vale do Rio Doce may boost shipments of the raw material after the Q2 as stockpiles fall and demand from Chinese builders increases. For full story, click here
