Tips of the week; Rio Tinto
Article Abstract:
Rio Tinto operates worldwide, it is efficient and can beat any of its competitors on copper prices. Rio's production of copper, gold, aluminium and coal have all increased in 1997 and copper production is expected to continue to increase from 750,000 tonnes per year to 860,000 tonnes in 1998. The economic crisis in Asia has caused Rio share prices to fall by 30%, making them a good buy. Asian markets account for only 17% of copper sales and there is still a huge demand for copper in Europe, the U.S., Japan and China.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Bermudan dispute
Article Abstract:
Rebel stockholders are to seek control of European Mining Finance (EMF) at a meeting on Nov 12 1997. The rebels include a US hedge fund called Trellus, and a non-executive director of EMF, Craig Niven. The rebels aim to appoint two directors and remove three, while the board also aims to appoint two directors. A dispute has arisen over a decision by the board not to acquire a majority holding in a zinc project in China. EMF held an option over the stake but a deal did not materialise.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Brancote: farming out risk
Article Abstract:
Brancote is a UK mining concern which is a relatively safe investment due to its cautious methods of investment. Prices paid are modest and partners are taken on to provide finance for surveys and developing mines. The company holds a 40% stake in a copper mine in Australia, the Mount Cuthbert mine. There are reportedly 2.1 million tonnes of deposits of copper at this site. The company has a further 30 sites world wide and is developing more sites.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Time to shake off the more traditional image. Banque Nationale de Paris. Please Mr Postman
- Abstracts: Putting your faith in the state. Time to make a noise about assets. Chesterton: a gas-fired future
- Abstracts: Edge Properties: on the edge. Hammerson: less isn't more. Long-term home for cash
- Abstracts: Car parts mergers lead to a healthier whole. Share bonanza axed on investor pressure. Hambros bank: on its knees
- Abstracts: A question of confidence. The Footsie's universal appeal