For the first time in three years, Citibank has moved its 12-month sector stance from neutral to bullish. The New York-based bank said it favors diversified miners over pure-play producers this year.
Articles Tagged "rio tinto"
Coal – Bloomberg reported that Rio Tinto plc's (LSE:RIO,ASX:RIO,NYSE:RIO) attributable thermal coal production came to 26.8 million metric tons in 2013. That's a record as well as a 12-percent increase from the previous year.
Iron – Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) has beaten its 2013 copper and iron ore guidance, The Australian reported.
Uranium – It may be time to take a closer look at Denison Mines.
Diamond – 2013 brought the return of price stability to the diamond market, and analysts and companies believe 2014 will feature more of the same.
Copper – Reuters reported that commodity trader, Trafigura, has agreed to provide financing for the Oyu Tolgoi mine in exchange for a long-term deal to buy the mine's output.
Uranium – It's been a rough week for Rio Tinto, and it looks like the unexpected supply halts are taking a chunk out of uranium supply going forward.
Coal – Mineweb reported that attendees of the Coaltrans Mozambique conference were told that the country's major coal producers, such as Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Vale SA (NYSE:VALE), need to decrease their logistics costs in order to become profitable.
Iron – Australian mega-miner Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) said today that it will spend $400 million to expand production in the Australian Pilbara region to 360 million tonnes per annum by 2015.
Iron – Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) has sold its Borborema iron ore project in Brazil to Australian company Latin Resources (ASX:LRS), MINING.com reported.