Rio Tinto plc (ADR) (NYSE:RIO)

Open pit mine

Rio Tinto Gives Away Stake in Gold Mine

When the U.S. Environmental Protection Agency (EPA) ruled last month that Northern Dynasty Minerals Ltd. (NYSEMKT: NAK) could not proceed with its plan for the Pebble Mine in Alaska, Rio ...
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Mountain top coal mine

Other Companies That Could (or May) Divest Assets Like BHP

Australian mining giant BHP Billiton Ltd. (NYSE: BHP) is working on a plan to spin off its underperforming assets. Its shares were higher Tuesday as investors speculated the value of ...
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Mining

Rio Tinto, BHP Slammed as Iron Ore Price Collapses

The contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on ...
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Open pit mine

Rio Tinto Speculation Boosts Turquoise Hill Prospects

Mining giant Rio Tinto PLC (NYSE: RIO) already owns 50.8% of Turquoise Hill Resources Ltd. (NYSE: TRQ), and speculation that Rio Tinto will buy the other 49.2% has boosted Turquoise ...
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investor research

Top Analyst Upgrades and Downgrades: Facebook, Manitowoc, Rio Tinto, Zynga and More

February is already here, and earnings season and the market sell-off have helped to create a very different landscape for investors in 2014. Investors are figuring out how to adjust ...
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mining

Why Select Metals and Mining Leaders Can Win in 2014

As in 2013, the twin focus of the mining industry will be to lower costs and reduce capital spending. There are also likely to be some asset sales as the ...
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aluminum cans

Commodity Storage Rates to Rise Again

Beginning April 1, the cost to store commodities like aluminum and copper in London Metal Exchange (LME) bonded warehouses will rise at average of 3% and transportation charges out of ...
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underground mining

Why 2014 Could Be a Win for Some Metals and Mining Leaders

Commodity prices took a sharp downward turn in 2013, but the good news appears to be that it will not get any worse in 2014. According a recent report, analysts ...
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mining

Rio Tinto Announces Debt Reduction Plans

London-based mining giant Rio Tinto PLC (NYSE: RIO) said Tuesday that it plans slash its capital expenditure budget from around $14 billion this year to $11 billion in 2014 and ...
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aluminum cans

Which Metals to Short?

At the annual London Metals Exchange (LME) Week, which began Monday, no one expects major changes to the way the exchange manages its warehousing system for aluminum, copper and other ...
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Mining

Xstrata’s Former Chief Gets Back to Mining

The former CEO of mining company Xstrata has a new venture to keep him busy. Mick Davis has brought together his former management team, all of whom had to go ...
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aluminum cans

Rusal Exec: World Aluminum Supply Needs 40% Cut

In a little more than two weeks, Alcoa Inc. (NYSE: AA) will report third-quarter results, and there is every reason to believe that those results will not be pretty. The ...
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Copper bars

Copper Production, Price Point in Opposite Directions

Since late June, copper prices have been trending upward, from a low of around $3.00 a pound to around $3.30 on Tuesday. Production is estimated to be 167,000 metric tons ...
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underground mining

Glencore Xstrata $8.47 Billion Write-Down Is No Big Surprise

Not even the size of London-listed Glencore Xstrata’s $8.47 billion asset impairment came as much of a surprise to observers of the mining industry. The amount, which includes a $7.7 ...
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aluminum cans

U.S. Commodities Watchdog Agency Subpoenas Documents: Reuters

The U.S. Commodities Futures Trading Commission (CFTC) has subpoenaed documents and other communications and records going back to 2010 from a metals warehousing firm. Reuters reports exclusively that “a source ...
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