RIO
Stock Code
Stock Exchange
Rio Tinto is a leading international mining group, combining Rio Tinto plc, a London listed public company headquartered in the UK, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with executive offices in Melbourne. The two companies are joined in a dual listed companies (DLC) structure as a single economic entity, called the Rio Tinto Group. Rio Tinto was listed on the ASX (Australian Stock Exchange) on 19 September, 1962.
What can be termed as one of the biggest achievements, Rio Tinto has bagged a record 86 percent hike in iron ore contract prices. The hike includes freight premium with China's biggest steel maker, Boasteel. Shipping iron ore from China is cheaper than from Brazil. This has led to higher iron ore contract price between Rio Tinto and BHP Billiton against Rio de Janeiro based Vale.
Cazaly Resources share prices soared at the Australian stock exchange after its announcement to team up with Fortescue Metals to mine the iron in Pilbara region in Western Australia. It has obtained the documents for renewal process of the land by Rio Tinto under the Freedom of Information Act. It now claims that there are several defects in the renewal process that leaves the land open for rights to occupancy. However, Rio Tinto has strongly objected to any such allegations.
Australian Resources Weekly provided by Australian market analyst UBS.
Impact of Apache explosion
Apache gas pipeline explosion event:
Australian Resources Weekly provided by Australian market analyst UBS.
What are consensus estimates telling us?
Consensus estimates versus spot prices:
Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.
Worley Parsons (WOR) has a 12-month price target of $39.42 from stockmarket analyst Macquarie Research Equities.
Worley Parsons (WOR) – Opportunities a Plenty
Rio Tinto Ltd (RIO) production was broadly OK and showed volume growth year-on-year from stockmarket analyst Macquarie Research Equities.
Rio Tinto Ltd (RIO): Production OK, Growth to Come
Lower near-term uranium price forecasts for Australian resources provided by Australian stockmarket analyst Macquarie Research Equities.
Australian Resources
Lower near-term uranium price forecasts
Lower uranium price forecasts:
Here is a list of the ASX top 10 (Australian Stock Exchange Top 10) as of close of trade on Friday, February 1, 2008. This list shows the top 10 companies with the largest market capitalisation listed on the Australian Stock Exchange. Market capitalisation is the price of one of the Company's ordinary shares multiplied by the number of shares in issue. Figures presented beside the company name and ticker symbol is the company's market capital in $ million.
- BHP Billiton (BHP) : $129,376 million
Rio Tinto (RIO) was the overall best performing stock taking in a 17.9 percent increase. Among the best performing stocks for the past week (week 45 of 2007) on the Australian sharemarket were a mixture of mining, technology and farming products manufacturers: Rio Tinto (RIO), Newcrest (NCM), Computershare (CPU), Bolnisi Gold (BSG), Nufarm (NUF). The above stocks secured gains higher than 7.5 percent at the end of the trading week.
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)