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Rio stays upbeat on iron ore

Rio Tinto and its partners have agreed to spend $US5.2 billion expanding their massive iron ore operations in the Pilbara, with Rio saying the demand outlook is positve and that competing suppliers are running into trouble with their projects.

The world's second largest iron ore producer also said mining in the Pilbara presented long-term growth prospects.

That's despite recent comments from rival iron ore miner BHP Billiton about uncertainty created by falling commodity prices, slowing growth in China and economic woes in Europe and the United States.

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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
373rdRio Tinto12%-1%
476thWestpac-2%13%
493rdTelstra-4%21%
504thCommonwealth Bank-7%14%
569thWoolworths-19%-1%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/12/13
$0 Bought
13/12/13
$90k Sold
03/05/13
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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