Ord.mn | Mongolian Mining
Mongolia |  Mobile |  Rss

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

Miners from Bogdanka coal mine, Poland |  Wikimedia Commons.

World’s second largest miner Rio Tinto (ASX, LON, NYSE:RIO) sees the bad times for the industry finally coming to an end and says its top management will soon stop focusing on cost cuts to make room for growth alternatives, WSJ.com reports.

Since assuming the company’s leadership in January last year, CEO Sam Walsh, 64, has taken several measures to build a more focused and accountable business, including aggressive cost cutting measures that saw the firm firing hundreds of people, shelving projects and selling non-core assets.

As a result the company — the world's No. 2 iron-ore producer after Brazil’s Vale— achieved higher underlying earnings of $10.2 billion in 2013, driven by its iron ore division and cost cutting, and increased dividends by 15%.

Rio’s chairman Jan Du Plessis, however, was quick to provide investors with a reality check. While he was somehow optimistic, he warned the world economy remains volatile and the political environment has become more fragile

Speaking to Australian shareholders on Thursday, Rio’s chairman Jan Du Plessis, however, was quick to provide investors with a reality check. While he was somehow optimistic, he warned the world economy remains volatile and the political environment has become more fragile.

"While the outlook is now brighter in some parts of the world, we believe that volatility looks set to remain in the short to medium term as a number of structural deficiencies remain unresolved,” he was quoted by The Australian as saying.

But he also noted that Rio tends to out-perform most market indexes during times of such difficulty, and that meant the company should be able to capitalize over the next couple of years.

"If we play our cards well, a volatile world should actually suit us well," he added. "In really healthy boom conditions as a company we tend to be outperformed by the minor indexes.

Copper assets in sight

While Rio has said it is not planning major acquisitions this year, the company will focus expanding its iron ore and copper businesses, its two largest divisions.

For Walsh, the most obvious and significant growth opportunities for Rio are in the red metal sector. He told WSJ.com the company has high expectations for its Resolution project in Arizona, which has the potential to become North America's largest copper mine. He added Rio looks forward to proceeding with the underground development of Oyu Tolgoi in Mongolia.

Other expansion opportunities include the La Granja project in Peru and a planned bauxite operation in Australia's Queensland state


АНХААРУУЛГА: Уншигчдын бичсэн сэтгэгдэлд Ord.mn хариуцлага хүлээхгүй болно. ХХЗХ-ны журмын дагуу зүй зохисгүй зарим үг, хэллэгийг хязгаарласан тул ТА сэтгэгдэл бичихдээ хууль зүйн болон ёс суртахууны хэм хэмжээг хүндэтгэнэ үү. Хэм хэмжээг зөрчсөн сэтгэгдлийг админ устгах эрхтэй. Сэтгэгдэлтэй холбоотой санал гомдлыг 7012-1080 утсаар хүлээн авна.
  • watch

  • April 04, 2018 09:58
  • IP:
The dial is rolex replica made of guilloché craftsmanship as original material, as if omega replica exquisite as natural silk, subtly highlighting the rolex replica watches iconic digital charm of the watch. The day and night display on the 6 o'clock position is filled with poetic complications that make replica watches uk the ladies fascinated.
  • IP:
Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently quickly.
Source: symptoms after a heat stroke http://www.viapriceusa.com
  • IP:
Kudos. Lots of material. <a href="https://withoutadoctorprescription.com">viagra without a doctor prescription walmart</a>
  • cialis

  • October 29, 2020 01:01
  • IP:
http://cialiswlmrt.com - cialis online
  • IP:
physician center health department
https://www.kamagramama.com - kamagra
  • IP:
Utejicb <a href="https://www.canadian2pharmacy.com/">northwest pharmacy</a> who was the first person to have aids
  • IP:
buy cheap viagra online with prescriptionIili00f boh07t <a href="https://www.withoutdrvisit.com">generic viagra</a>. who makes costco kirkland hearing aids peanut health risks.
  • IP:
aetna health insurance plans, <a href="https://canadian2pharmacy.com/">canadian pharmacy</a> Ogxcx10.
  • IP:
  • IP:
https://tadalafilrembo.com - cheap viagra levitra cialis
  • IP:
You actually suggested this fantastically! https://www.kamagramama.com kamagra durban Uioi89m
  • IP:
https://www.levitradd.com/# levitra 20mg no prescription
  • IP:
Is there anything over the counter that works like <a href="http://viagrakurka.com/">viagra buy</a>. Are there any Viagra alternatives you can receive without a prescription. The simply upwards the table Viagra alternate is buy viagra online over counter viagra alternative. This has the verbatim at the same time brisk ingredient but as an alternative of getting a remedy, you can go straight to the rather to buy it.
  • IP:
levitra 10 pills - http://www.levitraoffer.com/#
  • IP:
buy cheap generic viagra - http://costpills.com/
  • IP:
genericos viagra - http://www.sinrecetaes.com/

http://costpills.com - discount viagra usa Ysogm06
  • IP:
https://himscanada.com/ cialis 20 mg
  • IP:
https://ivermectino.com buy ivermectin
  • IP:
http://albuterolotc.com asthma inhalers names
  • IP:
https://stromectolhome.com/ stromectol cost
  • IP:
http://ivermectinus.com/ stromectol
  • IP:
en.ord.mn and ivermectin for humans http://ivermectini.com ivermectin human dosage
  • IP:
en.ord.mn with ivermectin http://ivermectiny.com ivermectin pills for humans

nvr dv blood pressure pills http://kamagraday.com kamagra oral jelly usa next day shipping
  • IP:
viagra without see a doctor http://viagrob.com viagra 100mg pills for men
  • IP:
en.ord.mn and ivermectin https://ivermectinhum.com buy 3 mg ivermectin tablets

Previous Next


Add Comments
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
Security Code: *
Exchange Rate
Foreign shares
New York Stock Exchange
Name Closing Changes
BHP Billiton
Ivanhoe Mines
Australian Stock Exchange
Name Closing Changes
General Mining Corp
Aspire Mining Limited
London Stock Exchange
Name Closing Changes
Petro Matd Limited
polo Resources Limited
Hong Kong Stock Exchange
Name Closing Changes
Mongolian Mining Corporation
Mongolia Energy
Toronto Stock Exchange
Metal exchange rates
1 Day Spot Gold Prices - Gold Price Chart
1 Week Copper Prices - Copper Price Chart
3 Month Uranium Price Chart - Uranium Price Per Pound
6 Month Iron Ore Fines Prices - Iron Ore Fines Price Chart
1 Day Spot Silver Prices - Silver Price Chart


Coal price data
U-Boat replica watches replica rolex orologi replica watches
Free Mobile Sex Xvideos Deutsche Pornos selbstgemacht porn tube dutch Facial xxxxi videos beeg spy www xvi
Sexy Teen Porn Milflesben Porno Videos Korean Rip Danish Frau schwanger gefickt anal Geiler Hausbesuch Porno kostenlose vaginavidios
brutal anal hardcore sex money talks reality kings film porno au cinema Ellos ya saben cómo chupar girl fucked in alley xxuxx hd sex 4k www xxx xxx porn sunny leone video
xxx hd com www napal xxx com xxxx 18 porn sex video com hot romantic sex 18 years