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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Company
Rio Tinto Ltd
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
Tempus Resources enters the stage in highly prospective Ecuador
The Zamora Projects provide high-quality early-stage gold exploration prospects close to Lundin Gold's Fruta del Norte.
Investments and investor services
FTSE 100 closes down after latest Trump trade war stunt
The Dow Jones suffered a 300 point fall in the first half hour of trading
Salazar Resources shows it’s possible to make exploration a value proposition, even in these tough equity markets
Salazar's exploration efforts are supported by a consistent income stream
Royal Road Minerals adds mining veteran Liz Wall to board as it continues Colombia and Nicaragua advances
Wall's two-decade career began with mining titan Rio Tinto
Investments and investor services
Proactive CEO Sessions next week feature growing bio-pharma and exploration companies
The Sydney CEO Session is on Monday, May 13, and the Melbourne session is Tuesday, May 14.
UK’s top 40 companies gain momentum at start of 2019 as profits sink for the rest
Higher earnings from blue-chip firms such as Lloyds and HSBC helped send overall profits for the UK's largest firms 11% higher in the first quarter, while the rest of the corporates saw theirs tumble 18%
Artemis Resources puts Ruth Well, Pilbara sulphide resource at 152,000 tonnes
The Dubai royal-chaired company has a plant near Munni Munni that could process material.
Ausmex Mining to direct $7 million cash injection to Queensland-focused exploration
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.
Investments and investor services
Xanadu Mines in prime position with Mongolian copper project iced with gold
Copper market fundamentals add to the potential economic viability of the Kharmagtai project.
Arctic Star has exciting ground and a highly experienced team as it advances this year's diamond exploration
The junior resource group owns 100% of its flagship Timantti project (which means diamond in Finnish)
Investments and investor services
Proactive CEO Sessions next month feature bio-pharma and exploration companies
The Sydney CEO Session is on Monday, May 13, and the Melbourne session is Tuesday, May 14.
Analysts remain cautious on the outlook for iron ore, in spite of ongoing positive supply-demand dynamics
The iron ore price remains high, following Vale's tailings dam disaster
BHP joins Rio Tinto in cutting its 2019 iron ore output to reflect the impact of tropical cyclone Veronica
The FTSE 100-listed firm lowered its 2019 iron ore production forecast to 265mln-270mln tonnes, down from the 273mln-283mln tonnes expected previously
Archive
FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
Rio Tinto cuts 2019 production estimates after posting 14% drop in quarterly iron ore shipments
The Anglo-Australian miner reduced its annual iron ore shipments estimate to a range of 333mln to 343mln, down from a previously reduced range of 338mln to 350mln tonnes
Archive
FTSE 100 ahead at the close as investor appetite returns
The premier UK share index finished around 33 points higher at 7,469
Archive
Jobs, earnings numbers to kick off a big few days for UK data as Brexit economic impacts eyed
Aside from the UK data, investors will have trading updates from bluechip miner Rio Tinto, mid-cap staffing group Hays, and trackies to trainers retailer JD Sports Fashion to digest
Archive
Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
ioneer well-placed to benefit from US focus on internal electric vehicle industry
The US Government has classed lithium as a critical mineral as it aims to reduce reliance on China.
Why the FTSE 100 is not the UK’s economic bellwether
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Deutsche Bank ups Anglo American to ‘buy’, says miner the “cheapest global major with strong growth prospects”
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
BHP and Rio Tinto expect Australia's Cyclone Veronica to hit full-year production
The news comes a day after Rio Tinto revealed the extent of the damage on production that the storm had caused
Rio Tinto cuts 2019 iron ore shipments outlook from Pilbara due to disruption and damage caused by cyclone Veronica
The FTSE 100-listed firm said annual Pilbara shipments are now expected to be at the lower end of its previous guidance of between 338mln to 350mln tonnes
Verdant Minerals advances proposed CD Capital majority takeover scheme
If shareholders agree, the natural resources fund may take over a lion’s share of VRM this quarter then delist the entity.
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
Arctic Star Exploration kicks off work at the Diagras property in Northwest Territories
The project is a joint venture with operator Margaret Lake Diamonds Inc, which has a 60% stake
Archive
FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
Gold and copper sectors alive and kicking, other miners playing catch-up
Gold is the perennial safe haven, and copper is the economic bellwether, but what about the others?
Artemis Resources awaits new data from Armada near Greatland-Newcrest stand-out Havieron
Armada surrounds Greatland and Newcrest’s project at three sides.
Greatland Gold’s US$65mln joint venture deal is just the latest in an ongoing rush into the gold-bearing riches of Paterson
The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others
Investments and investor services
Best small-cap bauxite companies on the ASX - Canyon Resources and Metro Mining: Samso
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
Societe Generale cuts ratings for BHP and Rio Tinto as it moves to a more cautious stance on Metals & Mining stocks
SocGen’s analysts said: “While sentiment towards the sector remains positive, it is uncertain how long this will last given mixed macroeconomic data and relatively subdued commodity price momentum”
FTSE 100 closes lower after European Central Bank strikes downbeat note
"Brutal cuts from the ECB as GDP growth for 2019 is cut from 1.7% to 1.1%. With this in mind, it seems like any possible interest rate raises are all but completely ruled out until likely 2021," declared Jordan Hiscott, the chief trader at
Archive
Insurers Aviva and Admiral in Thursday’s results spotlight
Results from Aviva, Admiral, Greggs and Premier Oil are all in the diary for Thursday.
UBS scraps ‘buy’ recommendation for Rio Tinto, expects iron ore prices to slide in 2019
The Vale tragedy has pushed iron ore prices up, but UBS expects producers outside of Brazil to pick up the slack over the coming months
Artemis Resources advances Carlow Castle and Armada assets amid big finds by neighbours
The company is now chaired by Dubai royal, His Highness Sheikh Maktoum Hasher al Maktoum, a Commercial Bank of Dubai board member.
The USA may be about to embark on a cat and mouse struggle for control of Africa’s commodities
Is the US opening a new front in the struggle for global influence with China?
Rio Tinto shares fall as Bank of America downgrades stock on limited catalysts
Bank of America lowered its rating on the stock to ‘underperform’ from ‘neutral’ and cut its target price to 4,150p from 4,770p
Bannerman Resources defines satellite deposit potential in drilling at Etango Uranium Project
Further evaluation of the Ombepo prospect is warranted after extensive and continuous uranium mineralisation was confirmed.
De Grey Mining produces 3.34 g/t gold concentrate from Pilbara trench sample
Neighbour Rio Tinto unveiled a copper-gold discovery in the region yesterday, further away from Port Hedland.
Rio Tinto reveals record shareholder payouts for 2018
Shareholder income is evidently being prioritised amid weaker pricing for key metals and as Chinese demand slows
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
Archive
ITV finals take spotlight for ‘hump day’ results
Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
Alkane Resources' Tomingley gold paves way for Dubbo rare earths story
Potential offtake partners may have electric-vehicle market demand in mind.
Will resurgent prices stimulate a revival of the long-dormant junior iron ore sector?
Iron ore prices have been on a tear, but will there be any trickle-down to the junior sector?
Goldman Sachs switches mining horses, upgrading its rating on Rio Tinto, downgrading its stance for BHP
The US investment bank upped Rio to 'buy' from 'neutral' and lifted its price target to 5,000p from 4,100p, with the shares currently trading at 4,302.50p, up 0.4% on Monday’s close
BHP Billiton under the cosh after JP Morgan downgrades stock to 'underweight'
JP Morgan downgraded BHP Billiton to ‘underweight’ from ‘equal weight’
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
Deutsche Bank upgrades Ferrexpo, raises targets for other miners on higher iron ore prices on near-term supply risks
Following the Feijao dam disaster, Vale announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum of production capacity over a three-year period
Archive
FTSE 100 closes higher with gains across all major sectors
The UK index of leading shares finished over 107 points ahead at 6,941, while the FTSE 250 also closed strongly
Rio Tinto raises target for iron ore exports this year after meeting guidance in 2018
Iron ore production was supported by investments in productivity improvements, minimal weather disruptions and the ramp-up of expanded mine sites
Investments and investor services
FTSE 100 closes higher as markets hope for potential US/China trade spat end
FTSE 100 closed out higher, advancing over 133 points to close at 6,968 on the day
Archive
Friday’s retail sales data expected to confirm worst December for a decade
From the slew of retailer updates so far, December looks to have been mixed, although a lot have complained about increased promotional activity during the month
Panoramic Resources on track for first shipment from recommissioned nickel-copper-cobalt project
Ramp-up to full underground production is on schedule and concentrate is being trucked to the Wyndham port.
Archive
Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Rimfire Pacific Mining to assess Sorpresa discoveries this quarter
The company is awaiting assay data which is expected in January 2019.
BHP Billiton faces challenging 2019, says Deutsche Bank as it cuts rating to ‘sell’
Deutsche Bank expects BHP Billiton's earnings and cash flows to weaken in 2019
Investments and investor services
Forecast copper supply constraints provide optimism despite 2018 price decline
Sustained demand growth and forecast supply cuts have not yet translated into higher copper prices as the Chinese economy slows.
Sirius Minerals and other London-listed fertiliser groups have big year ahead
Fundamentals underlying the global fertiliser business remain robust
American Pacific Borate & Lithium highlights strong financials of ‘low-risk’ US project
The company hopes to start construction at the $1.7 billion Fort Cady Boron Project in the December 2019 quarter.
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
Archive
FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Savannah Resouces expects 'significant revenues' from Mina do Barroso
Savannah Resources sees potential to increase the current mineral resource estimate of the Mina do Barroso project
Greatland finds “significant visible mineralisation” in every hole of latest drill campaign at Havieron
Most gold is found in such small traces that assays have to be sent to a lab for the presence of any of the precious metal to be confirmed, so to see it in the cores is always a good sign
West Wits Mining’s data review highlights prospectivity of Mt Cecelia project in WA
The project is in the same region in which Rio Tinto has pegged large areas of exploration ground.
Millennial Lithium one to watch in emerging sector as it moves towards bankable feasibility at exciting Argentina project
The company is successfully advancing its exciting Pastos Grandes project towards production
Rio Tinto offloads stake in Namibian uranium mine to Chinese firm
Rio Tinto has been getting rid of non-core assets, having earlier this year disposed of its holdings in coal mines in Australia and Indonesia
Is Sirius Minerals simply the best? Or are there other potash companies out there that offer better value?
The Sirius potash project will be the biggest mining project in the UK if it works
Greatland’s stunning gold-copper intercept at Havieron is the kind that deals are made on
The mining scene in Western Australia is buzzing with talk about Havieron
Australian new energy companies hold global appeal: TLEM Conference lowdown
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
Metalicity secures options within preferred terrain for its nickel-copper strategy
The projects are within the Albany Fraser Belt and follow exploration applications in the Paterson province.
Rio Tinto shares sink as Liberum downgrades to ‘Sell’ amid faltering steel prices
In a note to clients, analysts said that indicators for the iron ore market were currently “looking shaky” as margins for steel were dropping along with declines in mill profitability
Bannerman Resources confident of 2019 uranium bull market amid spot price volatility
Bannerman boss Brandon Munro expressed optimism towards price recovery as the uranium developer advances its Etango project in Namibia.
Bannerman Resources to test target anomalies near proposed Etango uranium plant
Surface mineralisation has been identified at the two target areas in Namibia.
Rio Tinto’s planned sale of Simandou stake put on hold
The original heads of terms were signed in October 2016
FTSE 100 closes ahead as US earnings season gets off to strong start
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
Rio Tinto PLC Q3 copper production rises 32%, iron-ore shipments fall 5%
Increased mined copper production largely reflects production at Rio's Kennecott operation due to higher grades
Archive
Proactive news snapshot: Cradle Arc, Hurricane Energy, Corero Network Security...
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
Arctic Star Exploration increases Diagras property with eight new claims
Diagras is a contributing joint venture between Arctic Star Exploration (40%) and Margaret Lake (60%)
Rio Tinto and Robe Valley partners commit to US$1.55bn investment in the Pilbara
Rio's funding commitment for both projects forms part of the company's existing replacement capital guidance of around US$2.7bn from 2018 to 2020
Jadar Lithium granted trading halt by ASX pending acquisition news
The halt will remain in place until the start of trade on Wednesday or until an announcement is released.
FTSE 100 closes in red; Royal Mail delivers share plunge
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed