Rio Tinto steigert Eisenerz-Förderung im 2. Qu um 19 Prozent - 500 Beiträge pro Seite

[Seefunk]

Melbourne (vwd) - Dank einer starken Nachfrage auf den wichtigsten Märkten hat die Rio Tinto Ltd, Melbourne, die Eisenerz-Förderung im zweiten Quartal im Vergleich zum Vorjahr um 19 Prozent gesteigert. Insgesamt seien 25,6 Mio t gefördert worden, nach 21,6 Mio t im Vorjahr, teilte das Unternehmen am Mittwoch mit. Im ersten Halbjahr erhöhte sich die Fördermenge damit um elf Prozent auf knapp 48,8 Mio t. Die Aluminium-Gewinnung stieg im zweiten Quartal um zwei Prozent auf 198.500t, die im ersten Halbjahr auf vier Prozent auf 401.200t.

Ein deutliches Minus wies jedoch die Diamantensparte auf - die Förderung fiel zweiten Quartal im Vergleich zum Vorjahr um 22 Prozent auf 6,56 Mio Karat, wodurch die Produktion im ersten Quartal um sechs Prozent auf insgesamt 13,72 Mio Karat sank. Rio Tinto wird am 31. Juli 2003 ihr Ergebnis für das erste Halbjahr bekannt geben. Analysten rechnen im Schnitt mit einem Rückgang des Nettogewinns um vier Prozent auf 677 Mio USD.
vwd/DJ/23.7.2003/ll/mim

[Seefunk]

Rio Tinto results to drop fall despite iron ore boom
Source: MELBOURNE, July 27 AAP
Published: Sunday July 27 2003, 12:45 PM

Rio Tinto Ltd is expected to deliver slightly weaker first half earnings this week with poor copper and coal results offsetting the benefits of strong Chinese markets.

Market consensus suggests the world`s second largest miner will post an interim profit of $US698 million ($A1.08 billion), compared to the $US702 million ($A1.06 billion) it reported for the same period last year.

A poll of seven analysts by AAP gave a forecast range of between $US665 million ($A1.01 billion) and $US802 million ($A1.21 billion).

The majority of analysts said they had upgraded their expectations on the back of last week`s solid first half production results. advertisement

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The results showed better than expected production particularly in iron ore and aluminium, with demand driven by the massive infrastructure development taking place in China.

Iron ore production rose 19 per cent to 25.62 million tonnes in the second quarter.

Analysts said the iron ore result could offset a downturn in Rio Tinto`s coal production and disappointing copper results.

Fat Prophets resources analyst Steve Bartrop said his brokerage expected at least 30 per cent of the group`s earnings would be generated by the iron ore division.

However he said he believed the market on the whole had been bullish in its expectations and would be disappointed with the bottom line result.

Fat Prophets has forecast an interim profit of $US684 million ($A1.03 billion), with higher earnings in the second half expected to take the full year result to $US1.545 billion ($A2.33 billion).

"There is great production and good demand coming from China and elsewhere but maybe the sales aren`t as strong as perhaps expected," Mr Bartrop said.

"You look at the figures and the figures look good but then you get a Coal and Allied profit warning and its hammering home that maybe the (Rio Tinto) earnings are not going to be quite as strong as expected."

Rio Tinto subsidiary Coal Allied Industries Ltd last week reported a 93 per cent slump in its first half profit and warned market conditions for the second half looked even tougher.

Merrill Lynch resources analyst Vicky Binns said she was confident iron ore volumes were powerful enough to prop up the group`s earnings.

Merrill Lynch has the highest forecast of $US802 million for the interim with full year earnings expected to reach $US1.648 billion ($A2.48 billion).

On a divisional basis Rio Tinto`s iron ore, aluminium, diamonds and gold operations are expected to show improved results.

On the weaker side, analysts believe thermal coal, copper and industrial minerals will drag down the bottom line.

"Given the conditions it`s going to be a creditable result," Perpetual Investments analyst James Bruce said.

"With the strengthening Australian dollar and the problems associated with SARS (Severe Acute Respiratory Syndrome) putting pressure on the Asian markets, all in all the company`s done very well."

Rio Tinto shares closed 38 cents higher at $31.96 on Friday.


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[FrontrunningInsider]

Hm, mit der Aktie scheint ja im Moment nicht viel los zu sein...

[Seefunk]

Reuters
Rio Tinto eyes Brazil gold mining expansion
Friday August 15, 12:23 pm ET


RIO DE JANEIRO, Brazil, Aug 15 (Reuters) - Rio Tinto Brasil will complete a pre-feasibility study on expansion of its Rio Paracatu Mineracao (RPM) gold mine in two months` time, said Rio Tinto Brasil managing director Robert Graham.
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The expansion by the Brazilian subsidiary of global mining group Rio Tinto Plc/Ltd (London:RIO.L - News), would boost gold production at the mine in Minas Gerais state to 10 tonnes a year by 2006-2007 from 7 tonnes a year, making it Brazil`s largest gold mine.

"We expect the project to move forward to a feasibility study. The mine is very efficient and has already been expanded twice since its start-up in 1987," Graham told Reuters.

"But this is not an investment decision at present. We`re still working on the cost," he added.

The RPM mine is a joint venture between Rio Tinto Brasil (51 percent) and Toronto-based Kinross Group (49 percent), which will also participate in any investment, Graham said.

"The project forms part of an ongoing move to maximize production at the open-pit mine, which has large low-grade reserves," the Rio Tinto Brasil director said.

The recent strengthening of London Metal Exchange (LME) gold prices may improve prospects for the projected expansion, he said.

The expansion would lift ore throughput at the mine to 30 million tonnes from 20 million tonnes annually.

"RPM would have at least 20 years` life at the higher production level," Graham said, adding that ore output is refined in Brazil.

Plans to expand gold production capacity in Brazil were recently announced by AngloGold South America, a subsidiary of South Africa`s Anglo American group (London:AAL.L - News).

A project to boost AngloGold`s Cuiaba mine in Minas Gerais state from 5.6 to 9.3 tonnes a year from 2006 is still awaiting board approval.

Brazil`s Cia Vale do Rio Doce (CVRD) (Sao Paolo:VALE5.SA - News; NYSE:RIO - News), which has been running down gold production at some exhausted mines, will bring on stream 3.5 tonnes a year of new gold capacity in mid-2004 at its Sossego mine in Para state, where gold will be produced as a by-product of copper.

[Seefunk]

Rio Tinto sticks to its IR guns
The head of Rio Tinto says the company is not changing its employee relations strategy despite signing a federal award agreement with the Australian Workers Union (AWU).

The mining giant has been embroiled in conflict with the union since the early 1990s, when it introduced a non-unionised workforce at its iron ore operations.

It was also one of the first Australian companies to push for individual contracts for workers.

Rio Tinto chief executive Leigh Clifford has told ABC TV`s Inside Business program the agreement does not signal a change in company strategy.

"How employees choose to be represented or the relationship they want with the company is their call," Mr Clifford said.

"What we`re about is being in business and ... in parts of the world, we are very heavily unionised. In other parts there`s individual arrangements. In other parts, there are non-unions - but that`s the call of employees."

[Seefunk]

Rio Tinto legt weiter zu und bleibt ein Favourit von mir. Rohstoffwerte haben glänzende Aussichten und Rio tinto ist diversifiziert genug.

[FrontrunningInsider]

neue positive Analyse:

Rio Tinto "overweight," estimates raised

Wednesday, September 10, 2003 7:18:18 AM ET
J.P. Morgan Securities

LONDON, September 10 (New Ratings) — Analyst Daniel Major of JP Morgan maintains his "overweight" rating on Rio Tinto (RIO.L), while raising his estimates for the company.

In a research note dated September 8 and published this morning, the analyst mentions that Rio Tinto is attractively positioned to benefit from the forecasted increase in commodity prices in the forthcoming years. JP Morgan expects an improved pricing outlook for base metals and iron ore to particularly boost the company’s earnings growth in the next fiscal year.

© 2003 New Ratings






FrontrunningInsider

[Seefunk]

wieder was positives:


Reuters
Rio Tinto studies Cape Lambert iron ore expansion
Thursday September 11, 4:30 am ET


MELBOURNE, Sept 11 (Reuters) - The world`s second largest iron ore shipper, Rio Tinto Ltd/Plc (Australia:RIO.AX - News), said on Thursday it was studying a 25 percent expansion of its Western Australian Cape Lambert port to meet rising Asian demand led by China.
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Rio Tinto (London:RIO.L - News) said in slide presentations to analysts that it was considering expanding Cape Lambert`s iron ore export capacity to 69 million tonnes a year by 2006 from around 55 million tonnes in 2003.

The company said in July that it would this year finalise a feasibility study on expanding its Hamersley iron ore operations to 114 million tonnes a year from 74 million tonnes in 2003.

Approval of both expansions would boost Rio Tinto`s total iron ore export capacity from its Western Australian Cape Lambert and Dampier ports to 183 million tonnes from around 129 million tonnes in 2003.

Hamersley iron ore is exported through the Dampier port, while iron ore production from its Robe River joint venture is exported through Cape Lambert.

The company said Cape Lambert port sharing with Hamersley iron ore was a priority.

Rio Tinto, hosting an analysts tour at its Western Australian operations, also said it was looking at increasing production from its West Angeles mine to 25 million tonnes a year in 2005.

Its capacity is currently due to ramp up to 20 million tonnes a year in early 2004.

Rival BHP Billiton Ltd/Plc (Australia:BHP.AX - News; London:BLT.L - News), the third largest export of iron ore, is also expanding its Western Australian iron ore export capacity.

A number of other companies are looking at potential new Western Australian projects, due to the strength of the Asian iron ore market, underpinned by China.

Rio Tinto said China was now the world`s largest iron ore importing company and the largest steel producer.

China`s rising demand is driven by by major infrastructure and construction projects, population shifts and rising incomes.

Rio said it also had iron ore development project opportunities in Brazil, Guinea and India.

Rio Tinto`s Australia-listed shares closed down 1.9 percent to A$33.25 on Thursday, in a wider market down 0.7 percent. ($1=A$1.52)

[FrontrunningInsider]

15.09.2003 - 11:22 Uhr
BHP und Rio Tinto wollen Eisenerzproduktion in China erhöhen
Melbourne/London (vwd) - Die BHP Billiton Ltd, Melbourne, und die Rio Tinto plc, London, wollen ihre Eisenerzproduktion erhöhen. BHP wolle die Kapazität bis 2004 auf jährlich 100 Mio t von bisher 88,5 Mio t erhöhen, teilte das Unternehmen am Montag mit. Rio Tinto habe bis 2006 das Ziel, jährlich 183 Mio t zu produzieren, kündigte Rio Tinto am gleichen Tag an. Derzeit seien es 141,5 t. Beide Unternehmen gingen davon aus, dass die Nachfrage nach Eisenerz in China anziehen werde.

Rio Tinto erwarte, dass die chinesische Stahlnachfrage bis 2010 auf jährlich 300 Mio t steigen werde. Dies seien 95 Mio t mehr als in vorherigen Schätzungen des Unternehmens. BHP gehe sogar von einer noch höheren Nachfrage aus. Grund für die steigende Nachfrage sei der stark wachsende Bausektor in China, hieß es.
vwd/DJ/15.9.2003/sam/jhe



FrontrunningInsider

[Seefunk]

19.09.2003 - 11:30 Uhr
Rio Tinto: Overweight
Die Analysten des Investmenthauses Lehman Brothers stufen in ihrer Analyse vom 18. September die Aktie des australischen Minenbetreibers Rio Tinto unverändert mit `Overweight` ein.

Nachdem die Analysten verschiedene Besichtigungen in Australien vorgenommen hätten, bleiben sie bei ihrer Aussage, dass es sich bei Rio Tinto um ein erstklassig geführtes Unternehmen handle. Daneben habe es ein weltklasse bestücktes Portfolio. Zwar sei das Unternehmen nicht billig, aber die Analysten glauben nach wie vor an die Wettbewerbsvorteile.

Das Ergebnis je Aktie werde für 2003 bei 4,06 Dollar und für 2004 bei 6,25 Dollar gesehen. Auf dem aktuellen Kursniveau werde der Titel mit einem 2004er KGV von 14,4 bewertet. Das Kursziel für die ADRs erhöhen die Analysten von 94 Dollar auf nun 95 Dollar bzw. auf 1471 Pence für normale Aktien.

Quelle: Finanzen.net

[NakedCowboy]

Kursentwicklung von RIO ist ja durchweg positiv. Aber ich denke mal für einen Einstieg in einen Rohstoffwert könnte es doch mittlerweile schon etwas spät sein, was meint Ihr?


NC

[NakedCowboy]

naja, das Interesse scheint ja gar nicht so groß zu sein hier im Board, oder?



NC

[NakedCowboy]

hier die letzten News:

Rio Tinto subsidiary Pacific Coal opens new Qld mine


Pacific Coal, a wholly-owned subsidiary of Rio Tinto Ltd, today officially opened its new coking coal mine at Hail Creek, in central Queensland.

Located about 85 km west of Mackay, the $460 million operation will mine a 1.2 billion tonne resource, believed to be one of the world`s largest coking coal deposits.

A joint venture between Rio Tinto`s wholly-owned Queensland coal subsidiary Pacific Coal Pty Ltd, which has a 92 per cent stake, Marubeni (5.33 per cent) and Sumisho Coal Development Queensland (2.67 per cent), the mine was officially opened by Premier Peter Beattie today.

However, mining operations have been under way since April, with the first load of coal exported to Japan in August. advertisement

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Using conventional dragline and truck-shovel techniques, the open cut mine is expected to produce about 5.5 million tonnes of hard coking coal each year, generating more than $350 million in annual export earnings at current market prices and exchange rates.

Once mined, the coal is railed 175 km to the Dalrymple Bay Coal Terminal, south of Mackay, for export to steel makers in Japan, Korea, Taiwan, India, Europe, China and Brazil, with production able to be ramped up according to market conditions.

Rio Tinto Energy`s chief executive Preston Chiaro said strong interest had been shown in the new mine.

"Hail Creek, along with extensions to Pacific Coal`s Kestrel Mine near Emerald, strengthens Rio Tinto`s position in the global coking coal market," Mr Chiaro said.

"For customers, Hail Creek can deliver significant environmental advantages through its low sulphur coal.

"Interest in the mine and its product is high."

Pacific Coal managing director Grant Thorne said the mine illustrated the company`s commitment to Queensland.

"Over 85 per cent of the mine`s total capital cost of $460 million was spent locally," he said.

"Fifty per cent of our operating workforce was locally hired. We set new standards for safety in Queensland during construction and we have worked closely with local communities."

More than 2,100 people were involved in construction of the mine, which took 1.8 million hours to complete.

Rio`s shares closed 45 cents down at $35.51.

By Nikki Todd



NC

[Lenny63]

ich denke Rio hat noch ein schönes Aufholpotenzial auf andere Werte wie BHP. Deshalb ist die Aktie im Moment recht interessant.



Lenny

[Traderandy]

Rio Tinto upgraded to "buy"

Thursday, November 27, 2003 8:47:29 AM ET
UBS

LONDON, November 27 (New Ratings) - Analyst Paul Galloway of UBS upgrades Rio Tinto (RIO) from "neutral" to "buy." The target price has been raised from 1400p to 1625p.

© 2003 New Ratings



Traderandy

[NakedCowboy]

ja ich bin mittlerweile auch ganz positiv gestimmt was RIO angeht.


Rohstoffwerte werden weiter anziehen!


NC

[NakedCowboy]

Melbourne (vwd) - Die Rio Tinto Ltd, Melbourne, plant Investitionen im Volumen von 920 Mio USD, um die Kapazitäten der Eisensparte Hamersley zu erweitern. Wie das Unternehmen am Donnerstag weiter mitteilte, führt die Kapizitätsausweitung dazu, dass in der Yandicoogina-Mine die Förderung auf jährlich 36 (20) Mio Tonnen Eisenerz erhöht werden kann. Insgesamt führt die Kapazitätsausweitung bei Hamersley dazu, dass sich jährlich 116 Mio statt wie bislang 74 Mio Tonnen Eisenerz verarbeiten lassen.
vwd/DJ/4.12.2003/mc/jhe

NC

[Digeridoo]

MINE: RIO: Palabora Mining Company Limited
Rio Tinto Limited has provided the following:

Progress report on the underground mine
Palabora``s underground mine achieved a number of significant milestones
during 2003. In particular, the safety record was by far the best on record.
This is consistent with improvements around the rest of the business where a
total of 17 lost time injuries were recorded compared to 26 in 2002. The
Industrial Minerals Division continued with its excellent safety performance,
finishing the year without any lost time injuries. Production rates from the
underground at year end were close to three times higher than at then
beginning of the year as a result of the improvements initiated during 2003.

Underground production continued to improve during the final quarter of 2003.
Production increased by 20 per cent third quarter``s performance of 18,355
tonnes of ore per day to an average rate of 21,983 tonnes of ore per day. The
expected full production rate of 30,000 tonnes of ore per day remains the key
target.

The following table summarises recent daily underground production:
Final Quarter 2003 21,983 tonnes per day average
Month December 2003 22,603 tonnes per day average
Final 10 days to 31 December 2003 24,292 tonnes per day average
Production shortfalls relate primarily to the delayed undercut development
and equipment deficiencies. The development of the undercut has been slowed
down in order to better manage rock stress and improve the longer-term
management of the cave. A further three secondary breaking units and load
haul dump units were commissioned in the last quarter.
Three additional secondary breaking units have been ordered for delivery in
April

Underground project status at 31 December 2003
Commissioned Target Anticipated Date
Undercut 117,556sq.m. 119,339sqm Jan 2004
Draw bells 148 166 April 2004
Crosscuts 16 19 April 2004

A production rate of 30,000 tonnes of ore per day was achieved on several
occasions during the fourth quarter and the Company is confident of achieving
that rate more regularly in the weeks ahead. Current work to achieve this is
focussed on further improvements to equipment availability, particularly
secondary breaking equipment.
As always, the safety of employees and contractors is being given first
priority and will not be compromised to achieve production targets.
Fourth quarter production statistics

Tonnage of ore treated during the fourth quarter of 2003 was in line with the
underground output. The open pit ramp scavenging operation was completed in
November. Copper in concentrate production increased with the improved head
grades and recoveries. Total concentrate smelted comprised run-of-mine
production, smelter secondary and imported concentrate. Vermiculite
production was stable and the reconfigured plant continues to meet market
demand at significantly improved recoveries. Production during the third
quarter of 2003 was reduced in order to lower supply chain inventory levels.
ZBS (zirconium basic sulphate) production for the fourth quarter was 305
tonnes and 1,129 tonnes for the year. Whilst the plant has been proven
technically, the difficult market conditions have meant that the Board are in
the process of considering other options for the ZBS facility, including,
sale to a third party as a going concern and specific product toll
manufacturing. Shareholders will be advised in due course regarding the
board``s decision.

Trading update and cautionary announcement
Shareholders are advised that the Company``s earnings and headline earnings
per share for the year ended 31 December 2003 will be substantially
("substantially" equating to 30 per cent or more as defined in the Listings
Requirements of the JSE Securities Exchange South Africa ("JSE")) below those
of the comparative period, resulting in a loss situation. It is anticipated
that the unaudited results for the year ended 31 December 2003 will be
published on or about 28 January 2004 at which stage further details will be
provided regarding the Company``s results.
The Company``s results have not been reviewed and/or reported on by the
Company``s auditors and accordingly, shareholders are advised to exercise
caution when dealing in the Company``s securities on the JSE until the audited
results for the year ended 31 December 2003 are published.
End CA:00096425 For:RIO Type:MINE Time:2004-01-15:12:28:13



Digeridoo

[Digeridoo]

Dresdner Kleinwort Wasserstein setzt Rio tinto auf Halten:




Rio Tinto "hold," target price raised

Thursday, January 15, 2004 9:51:46 AM ET
Dresdner Kleinwort Wasser.

LONDON, January 15 (New Ratings) – Analysts at Dresdner Kleinwort Wasserstein reiterate their "hold" rating on Rio Tinto (RIO.L). The target price has been raised to 1,500p.

Shares of Rio Tinto, an international minerals and metals company, are currently trading at 1,483p.

According to Dresdner Kleinwort Wasserstein`s research note published yesterday, Rio Tinto and BHP Billiton have made an agreement to raise the prices of the iron ore to be supplied to Nippon Steel. The agreed price hike of 18.6% was in-line with the consensus, the analysts say. The company is also likely to raise the ore prices for other customers in the near term, the analysts add.

The analysts mention that Rio Tinto’s strong presence in the iron and copper ore markets would enhance the company’s earnings in the near term. The company`s rand exposure is at a minimum level, as compared to that of its peers, the analysts say. The analysts add that the earnings estimates for the company are likely to be raised in the near future. According to Dresdner Kleinwort Wasserstein, Rio Tinto`s stock is an attractive investment option among the large diversified mining stocks.

Dresdner Kleinwort Wasserstein reiterates its “hold” rating on Rio Tinto.

© 2004 New Ratings



Digeridoo

[MuellerMilchreis]

MINE: RIO: Approval for expansion of QIT``s UGS plant
Rio Tinto has approved the expansion of QIT Fer et Titane Inc.``s (Rio Tinto
100%) upgraded slag (UGS) plant in Quebec, Canada.
Total investment will be US$76 million and capacity will be increased from
250,000 tonnes per year to 325,000 tonnes per year by early 2005.
The proprietary UGS process produces a very high grade, low impurity titanium
dioxide feedstock for use in the manufacture of white pigments for paint,
paper, plastics and titanium metal. Since its introduction, UGS has
established itself as a premium product and received broad market acceptance.
The expansion is in response to increased pigment customer demand for very
high-grade TiO2 feedstocks. This trend is expected to continue as customers
face increasing environmental constraints on waste disposal.

MM

[Digeridoo]

Rio Tinto: Untergewichten Aktuelle Nachrichten



Die Analysten des Hauses Helaba Trust bewerten in ihrem Bericht vom 21. Januar die Aktie des britischen Rohstoffförderers Rio Tinto mit dem Rating "Untergewichten".

Rio Tinto habe heute die Produktionszahlen für das abgelaufene vierte Quartal 2003 vorgelegt. Angetrieben durch die hohe Nachfrage aus China würde die Produktion (+23% gegenüber dem Vorjahr) und Auslieferung von Eisenerzen auf Rekordhöhe liegen. Die neu in Betrieb genommene Mine in Australien (West Angelas) habe im Dezember bereits nahezu die volle Produktionskapazität erreicht, was deutlich vor dem ursprünglichen Zeitplan liege.

Die Aussichten für den wichtigsten Bereich des Konzerns - Eisenerze - seien vor dem Hintergrund der steigenden Stahlproduktion in China generell positiv geblieben. Die beschränkte Produktionskapazität, sowie der gegenüber dem Greenback deutlich stärkere australische Dollar hätten allerdings die Gewinnsteigerungschancen begrenzt. Im Vorfeld der Bilanzpressekonferenz am 2. Februar raten die Analysten angesichts der historisch hohen Bewertung weiterhin zu einer Untergewichtung des Titels.

© finanzen.net



Digeridoo