| Rio Tinto PLC (GB0007188757) | |||
42,96 GBXStand (close): 03.07.25 |
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| 25.06.25 18:09:49 | Rio Tinto Advances Sustainable Mining With C$7.6M Investment in Quebec Project |  |
| Rio Tinto Group (NYSE:RIO) ranks among the top stocks for an early retirement portfolio. Rio Tinto Group (NYSE:RIO) stated on June 12 that it planned to invest Cdn$7.6 million in an industrial demonstration project for evaluating ore sorting technology at its Lac Tio mine in Havre-Saint-Pierre, Quebec. A further Cdn$2.5 million is set to be contributed by the Quebec government through its support program for strategic mineral processing.Rio Tinto Advances Sustainable Mining With C$7.6M Investment in Quebec Project The project seeks to sift ore at the source based on its titanium and scandium levels. Through improved separation of commercially usable rock from waste rock, the procedure may minimize the amount of material transported between the mine and Rio Tinto’s Sorel-Tracy processing complex, which might lower transportation costs and greenhouse gas emissions. The project will be carried out in two stages, with activities in 2025 centering on technological validation, engineering, and ore sorting circuit commissioning. Meanwhile, additional machinery will be added in 2026 to automate the procedure and generate several batches of enriched ore. One of the largest mining companies in the world, Rio Tinto Group (NYSE:RIO), is known for its vast range of mineral resource exploration and extraction. The company’s mining portfolio includes lithium, aluminum, copper, iron ore, diamonds, gold, and molybdenum. While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds Disclosure: None. View Comments |
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| 24.06.25 19:38:15 | ASX Growth Giants With Insider Backing June 2025 | |
| The Australian market has seen a positive shift with the ASX 200 climbing around 1% in intra-day trade, bolstered by strong performances in Financials, Materials, and IT sectors. In this climate of growth and strategic investments like those by Rio Tinto and Hancock Prospecting, companies with high insider ownership often attract attention for their potential alignment of interests between management and shareholders. Top 10 Growth Companies With High Insider Ownership In Australia Name Insider Ownership Earnings Growth Titomic (ASX:TTT) 11.2% 77.2% Newfield Resources (ASX:NWF) 31.5% 72.1% Image Resources (ASX:IMA) 20.6% 79.9% Fenix Resources (ASX:FEX) 21.1% 53.4% Echo IQ (ASX:EIQ) 18% 65.9% Cyclopharm (ASX:CYC) 11.3% 97.8% Brightstar Resources (ASX:BTR) 11.6% 106.7% AVA Risk Group (ASX:AVA) 15.4% 108.2% Alfabs Australia (ASX:AAL) 10.8% 41.3% Acrux (ASX:ACR) 15.5% 106.9% Click here to see the full list of 91 stocks from our Fast Growing ASX Companies With High Insider Ownership screener. Let's dive into some prime choices out of the screener. Alkane Resources Simply Wall St Growth Rating: ★★★★★☆ Overview: Alkane Resources Ltd is an Australian company focused on gold exploration and production, with a market capitalization of A$454.16 million. Operations: The company's revenue primarily comes from its gold operations, generating A$206.19 million. Insider Ownership: 11.2% Earnings Growth Forecast: 62.2% p.a. Alkane Resources demonstrates strong growth potential with its revenue expected to grow at 20.7% annually, significantly outpacing the Australian market's average. Despite lower profit margins compared to last year, its earnings are forecasted to increase by 62.2% per year, indicating robust profitability prospects. Recent exploration results from Tomingley Gold Operations reinforce its operational focus and resource expansion efforts. Insider ownership remains substantial without recent selling activity, aligning management interests with shareholders'. Navigate through the intricacies of Alkane Resources with our comprehensive analyst estimates report here. The analysis detailed in our Alkane Resources valuation report hints at an deflated share price compared to its estimated value.ASX:ALK Earnings and Revenue Growth as at Jun 2025 Flight Centre Travel Group Simply Wall St Growth Rating: ★★★★★☆ Overview: Flight Centre Travel Group Limited is a global travel retailing company offering services for both leisure and corporate sectors across various regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia with a market cap of A$2.72 billion. Operations: The company's revenue is primarily derived from its leisure segment, which accounts for A$1.38 billion, and its corporate segment, contributing A$1.13 billion. Story Continues Insider Ownership: 13.8% Earnings Growth Forecast: 23.6% p.a. Flight Centre Travel Group's insider ownership aligns management interests with shareholders, supporting its growth narrative. The company plans a A$200 million share buyback to enhance capital management, funded from existing cash reserves. While revenue growth is modest at 6.3% annually, it surpasses the market average and earnings are projected to grow significantly at 23.65% per year. Despite lower profit margins compared to last year, the stock trades below fair value estimates with analysts expecting a price increase. Click here and access our complete growth analysis report to understand the dynamics of Flight Centre Travel Group. Our valuation report unveils the possibility Flight Centre Travel Group's shares may be trading at a discount.ASX:FLT Earnings and Revenue Growth as at Jun 2025 Pinnacle Investment Management Group Simply Wall St Growth Rating: ★★★★☆☆ Overview: Pinnacle Investment Management Group Limited is an Australian investment management company with a market cap of A$4.46 billion. Operations: Pinnacle generates revenue from its Funds Management Operations, totaling A$52.95 million. Insider Ownership: 28.4% Earnings Growth Forecast: 11.6% p.a. Pinnacle Investment Management Group's insider ownership supports its growth trajectory, with earnings projected to outpace the Australian market at 11.6% annually. Revenue is expected to grow by 15.2% yearly, exceeding market averages, though not significantly high. Recent inclusion in the S&P/ASX 100 Index highlights its rising prominence despite slower-than-desired revenue growth forecasts and high non-cash earnings levels. The absence of substantial recent insider trading activity suggests stable internal confidence in the company's prospects. Click here to discover the nuances of Pinnacle Investment Management Group with our detailed analytical future growth report. Our valuation report unveils the possibility Pinnacle Investment Management Group's shares may be trading at a premium.ASX:PNI Ownership Breakdown as at Jun 2025 Where To Now? Click through to start exploring the rest of the 88 Fast Growing ASX Companies With High Insider Ownership now. Seeking Other Investments? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ASX:ALK ASX:FLT and ASX:PNI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View Comments |
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| 24.06.25 06:23:04 | Rio Tinto, Hancock to invest $1.6 billion in Pilbara iron ore project | |
| PERTH - Rio Tinto (ASX:RIO)(LSE:RIO) and Hancock Prospecting announced Tuesday they will jointly invest $1.6 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region. The project, which has received all necessary government approvals, will develop two new above-water-table iron ore pits with a combined annual production capacity of 31 million tonnes. Rio Tinto’s share of the investment amounts to $800 million. First ore from the deposits is scheduled for 2027. The project will create more than 950 jobs during construction and help sustain approximately 1,000 full-time equivalent positions once operational. "These projects are part of our strategy to continue investing in Australian iron ore and to sustain Pilbara production for decades to come," said Rio Tinto Iron Ore Chief Executive Simon Trott in a press release statement. The development includes new infrastructure precincts, railway crossings, haul roads, and realignment of a 6-kilometer section of the Great Northern Highway. Ore from the new sites will be transported to Hope Downs 1 for processing. Hope Downs 2 forms part of Rio Tinto’s replacement projects in the Pilbara region, which will have a combined total capacity of approximately 130 million tonnes per annum. The company expects to invest more than $13 billion on new mines, plant and equipment over the next three years. Rio Tinto and Hancock Prospecting are equal partners in the Hope Downs Joint Venture, which was established in 2006. The joint venture’s first operation, Hope Downs 1, began production in 2007, followed by Hope Downs 4 in 2013. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. |
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| 18.06.25 21:36:55 | Rio Tinto reaches $138.75 million settlement over Mongolian mine | |
| NEW YORK (Reuters) -Rio Tinto agreed to pay $138.75 million to settle a lawsuit accusing the Anglo-Australian mining giant of defrauding investors by failing to disclose problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia, according to court records. A preliminary settlement was filed late on Wednesday with the U.S. District Court in Manhattan, and requires a judge's approval. (Reporting by Clara Denina in London and Jonathan Stempel in New York; Editing by Leslie Adler) View Comments |
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| 17.06.25 10:00:00 | Camino Announces High-Grade Channel Results of 7 Meters @ 4.3% Copper, 25.5 ppm Silver and 18 meters @ 1.57 % Copper and 11.35 ppm Silver at Los Chapi | |
| VANCOUVER, BC / ACCESS Newswire / June 17, 2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the "Company") is pleased to announce high‐grade copper channel results from the Katty prospect located in the Diva Trend, one of several prospective targets at the Company's Los Chapitos Copper Project ("Los Chapitos" or the "Project") in Peru. A total of 12 excavated channels were completed at the prospect and all channels contained significant high-grade intercepts of copper with associated silver (Table 1). Los Chapitos is Camino's second copper project with partner Nittetsu Mining Co, Ltd. ("Nittetsu"), which can earn a 35% interest in Los Chapitos once it completes a total investment of CDN$10 Million (see news release dated June 14, 2023). Rio Tinto, a major copper producer, recently staked claims adjacent to Los Chapitos (see news release dated May 17, 2024). Camino is also advancing its mine development project, the Puquios Copper Project, with Nittetsu Mining in Chile (see news release dated April 17, 2025). Highlights: New channel results include: 18 meters @ 1.57 % Cu and 11.36 ppm Ag 12 meters @ 2.3% Cu and 21.13 ppm Ag 7 meters @ 4.3% Cu and 25.5 ppm Ag Copper mineralization associated with copper oxide and sulfides hosted in intrusive rocks in contact with volcanic rocks. Channel sampling located along newly identified Maqui fault, a secondary fault along the established Diva copper corridor. Strong positive correlation between copper and silver mineralization. Rock samples are representative, non‐selective, continuous channel samples (each 1‐2m in width) of various rock types including intrusive or volcanic rocks. Exploration continues along the Maqui fault at Katty to identify and prioritize drilling targets for the next drilling campaign. Currently, the focus is on extending the mineral occurrence zone, evaluating geological connections with both the Katty zone, the Koji South zone to explore for a possible connection to the Adriana zone, that has demonstrated the most continuous and significant copper mineralized zone at Los Chapitos with over 20,000 meters of drilling completed. If mineralization continuity is confirmed through exploration that connects Katty and Koji zones to Adriana, the overall mineral system could be significant. "The recent channel results with copper grades as high as 2 to 4% copper and associated silver mineralization over significant intervals, are some of our best channel samples at Los Chapitos in a new area about 1 km south of our main Adriana zone of copper mineralization," commented Jay Chmelauskas, CEO of Camino. "Katty is an area with insights developed over the past year by our partner Nittetsu and our Peru geological team and consultants, we are now able to re-evaluate the potential with a fresh perspective to connect and grow copper mineralization in this area. Over the next 6 months, Camino remains active with exploration drilling in Peru, while we advance our Puquios copper mine development in Chile." Story Continues "The channel sampling spans an area of over 500 meters. We have seen similar mineralization in the Adriana zone, located 1 km away, where historical drilling intercepts have demonstrated high-grade copper at depth including 4.5 meters of 5.01% copper from 245.5 m in drillhole DCH-012 (see news release dated May 26, 2020). The high-grade copper intervals in the recent channels such as 7 meters of 4.3% copper are at surface," said Jose Bassan, consulting geologist at Los Chapitos. Alexandra Lostaunau, Camino geologist commented, "While the upcoming planned drilling campaign will continue to prioritize and target near-surface copper oxides, we will also consider copper sulfide targets at depth, providing additional opportunities for larger discoveries. Over the last six months, our team conducted detailed geological mapping at a 1:2,000 scale, with a clear objective to better understand the style and size potential of mineralization present at Katty. This detailed work has yielded results that exceeded our expectations."Figure 1. Location of the main exploration targets, Katty's target highlighted in green.Figure 2. Highlights of copper channel results at L, K. The photographs show high-grade 2% to 4% copper oxides and sulfides such as bornite. Detailed geological mapping at a scale of 1:2000 within the Katty target has resulted in the discovery of new zones with copper oxide mineralization and the assignment of new high-value targets such as Maqui, Piloto, and Katty (Figure 3). Exploration activities have been focused on the mapping and sampling of copper oxides throughout the Diva Trend and secondary faults to it in the Maqui Fault. The mineralization style is Cu-Ag in the form of mantos hosted in dioritic porphyry (intrusive rock) in contact with andesitic crystalline tuff (volcanic rock) and consists of copper oxides such as malachite, chrysocolla, atacamite, and copper wad accompanied by sulfides such as chalcopyrite, bornite and pyrite which is structurally controlled by the Maqui and Diva faults. Copper oxide mineralization at the Katty target extends over an apparent surface area of approximately 700 meters by 650 meters. The area features ground cover interspersed with outcrops of copper oxide mineralization, suggesting continuity of the subsurface mineralized system. The Camino geology team believes this mineralization could extend beyond the outcrop area, beneath the ground cover. To evaluate this possibility, a total of 42 samples were collected across 12 channels (Figure 3 and Table 1). All results yielded grades greater than 0.3% copper, reinforcing the potential of this area as a significant source of surface and near-surface mineralization. Table 1. Summary of the channel sampling and best intercepts of copper and silverFigure 3. Geological map of the Katty target and the location of the 12 channels.Figure 4. Highlights of copper channel results at A, B, C ,D. The hand sample photographs show mainly copper oxides such as malachite and atacamite.Figure 5. Highlights of copper channel results at E, F, G, H. The hand sample photographs show mainly copper oxides such as malachite, chrysocolla, copper wad and chalcopyrite. The Katty target has shown good rock geochemical results, indicating the presence of a Cu-Ag mineralized system with high potential for discovery. These results significantly strengthen the geological model of the area and support the exploration approach adopted. Based on the encouraging data, the Company is pleased to announce that it is in an advanced planning stage to begin the next drilling phase, with the goal of also evaluating the copper potential at depth for resource definition and enhancement. The Katty target is now emerging as one of the most promising areas within the 8 km Diva copper corridor at Los Chapitos. The drilling target expressed in this release is conceptual in nature. The target has had insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. Notes on Sampling Industry standard chain of custody and QA/QC practices are followed with samples sent to Lima where they are analyzed by ICP-MS at ALS Chemex Labs' facility. The final coordinates (East, North, Elevation, metric) taken to record the sample points were done with the GPS model (GPS MAP 64). Channel samples are continuous samples collected with hammer and chisel over 1 to 2-meter intervals. In areas of sporadic outcrop, samples are taken as semi‐continuous rock chips therefore the samples are representative of the outcrop and non‐selective. Samples were bagged and labelled in the field. Samples were sent to ALS laboratory in Lima. About Camino Camino is a discovery and development stage copper exploration company. On October 7, 2024, Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in Chile. Camino is focused on developing copper producing assets such as Puquios, and advancing its IOCG Los Chapitos copper project located in Peru through to resource delineation and development, and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its NI43-101 resources. In addition, Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com. Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922, a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data. ON BEHALF OF THE BOARD For further information, please contact: /S/ "Jay Chmelauskas" Camino Investor Relations President and CEO info@caminocorp.com Tel: (604) 493-2058 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Forward-looking information in the release includes, without limitation, statements with respect to the prospectivity of future exploration work at Los Chapitos, future planned drilling programs, and prospectivity for copper exploration in new targets. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such risk factors include, among others, that actual results of the Company's exploration activities may be different than those expected by management, that the Company may not realize the benefits of joint ventures and/or strategic partnerships with respect to the Company's properties, that the Company may be unable to obtain or may experience delays in obtaining any required authorizations and approvals and the state of equity and commodity markets. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. SOURCE: Camino Minerals Corp View the original press release on ACCESS Newswire View Comments |
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| 22.04.25 00:30:00 | Metals Billionaire Agarwal Seeks Mining Reboot Amid Debt Overhaul, Saudi Push | |
| (Bloomberg) -- Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta Ltd., a move aimed at trimming the group’s $11 billion debt pile and giving greater attention to different businesses. Most Read from Bloomberg DOGE Visits National Gallery of Art to Discuss Museum’s Legal Status Trump Administration Takes Over New York Penn Station Revamp Trump Gives New York ‘One Last Chance’ to End Congestion Fee The Racial Wealth Gap Is Not Just About Money Nashville’s $3 Billion Transit Plan Brings a Call for Zoning Reform While prices of aluminum, zinc, and copper have given up the heady gains of 2024, the 71-year-old tycoon is betting that a simpler structure for the sprawling group and growing demand for critical minerals will add to the allure of his companies even as the specter of a global recession looms. The overhaul will allow the group to list each of its key businesses: aluminum, oil & gas, power, iron & steel, along with the publicly traded core company Vedanta. The demerger could provide new funding sources and increase financial transparency across the group, according to Bloomberg Intelligence analyst Mary Ellen Olson. “The time for growth is now as demand is strong, supply is tight, and we’re positioned in the right markets,” Agarwal said in a recent video interview from his London home, adding that most of the materials mined by his company are locally consumed. The billionaire said that this makes Vedanta less vulnerable to potential disruptions in global supply chains arising from US President Donald Trump’s tariff measures. Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions. The global demand for these and other metals that are key to energy transition remains high and will give the group the next fillip of growth, Agarwal said. Middle East and Africa Agarwal has long dreamed of building an empire that spans continents and competing with the ranks of the world’s largest diversified miners, including Rio Tinto Group and BHP Group Ltd. The group plans to spend more on overseas projects and is doubling on investments in the Middle East and Africa. Vedanta is set to invest $2 billion in copper-processing facilities in Saudi Arabia — one of the largest by a foreign firm — as the oil kingdom aspires to build its metals and mining industries significantly. “Saudi not only has good geology but strong local consumption too,” Agarwal said, adding that “funding is never a problem for a project like that.” Story Continues According to local government estimates, Saudi Arabia has untapped resources, including phosphate, copper, gold, and bauxite, worth as much as $2.5 trillion. About a third of its investments in the country will be funded through internal accruals, and for the rest, the group will seek project financing, Agarwal said. The company is currently seeking funds to develop mines in Africa, too. The Konkola Copper Mines in Zambia, which it controls, has a major copper deposit and cobalt reserves, according to Vedanta. The financing options being weighed range from a billion-dollar bond offering, “off-take financing, or sale of a minority stake to global investors, for which there is significant demand,” Agarwal said. Cutting Debt Vedanta shares dropped about 7% this year in Mumbai trading amid a slump in commodities prices. Other than economic growth woes, weighing on investor sentiment is the company’s $6.2 billion debt, the upshot of an acquisition spree since the turn of the century that includes stakes in Bharat Aluminium Co. and Hindustan Zinc Ltd. Over the last two years, Agarwal has been on a drive to cut leverage and push back repayment deadlines on the group’s borrowings. The plan is to halve it over the next three years. The group will be cautious about loading up on debt as it chases growth for each demerged unit, he said. All existing shareholders of Vedanta will receive one new share in each of the newly listed entities against each share they own in the parent company. “There is no need for a stake sale to reduce our debt at the parent company level, and neither are there any plans to sell our stakes in any of the demerged entities,” Agarwal, who started as a scrap metal dealer and has weathered cash crunches and government friction, said. Each listed company can look at issuing fresh shares to raise funds for expansion, he said. The so-called debt to earnings before interest, taxes, depreciation, and amortization ratio — a financial metric that measures a company’s ability to pay off its debt obligations — for Vedanta has to be brought down to 1 from the current 1.4 and maintained, according to him. Over the years, Agarwal has been grooming his daughter Priya Agarwal Hebbar to take over from him as the head of the conglomerate. A psychology and film studies graduate from the University of Warwick, the 35-year-old is the chairwoman of Hindustan Zinc and is on the board of Vedanta. “The group’s future is very focused on transition and critical minerals, and that is where the company will go,” Hebbar said. --With assistance from Sanjit Das. Most Read from Bloomberg Businessweek The Guy Who Connected Donald Trump to the Manosphere Eight Charts Show Men Are Falling Behind, From Classrooms to Careers How Mar-a-Lago Memberships Explain Trump’s Tariff Obsession Why US Men Think College Isn’t Worth It Anymore Why Brunello Cucinelli Is Well Suited for a Trade War ©2025 Bloomberg L.P. View Comments |
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| 21.04.25 13:54:00 | Vale Q1 Iron Ore Production Declines Y/Y While Copper & Nickel Rise | |
| Vale S.A. VALE reported iron ore production of around 67.7 million tons (Mt) for the first quarter of 2025, which was 4.5% lower than the year-ago quarter. A strong performance at the S11D mine, which recorded its highest-ever first-quarter output, was offset by lower production elsewhere. Meanwhile copper and nickel production were both 11% higher than the year-ago quarter. Digging Deeper Into Vale’s Iron Ore Production Numbers In the first quarter of 2025, the S11D mine produced 19.4 Mt of iron ore, 9.3% higher than the first quarter of 2024. This improvement, driven by the ongoing asset reliability initiatives, led to the highest production ever for the first quarter for the mine. However, gains at S11D were offset by licensing restrictions at Serra Norte, which were worsened by heavy rainfall. As a result, total output from the Northern System declined 2.6% year over year to approximately 35 Mt. Southeastern System’s iron ore production dipped 6% year over year to 18.4 Mt. A 49-day corrective maintenance period at the Cauê plant impacted Itabira’s production. This impact was somewhat offset by improved performance at Fazendão as a result of enhancements at the processing plant implemented in 2024 and increased third-party purchases. Southern System saw a 7% dip in iron ore production to 14.3 Mt. This decline reflected Vale’s strategic shift toward producing higher-margin products as part of its portfolio optimization. Vale’s pellet production was down 15.2% year over year to 7.2 Mt in the first quarter. The decline was attributed to lower production at the Tubarão plants resulting from decreased pellet feed availability from Itabira and increased rainfall levels in the Northern System. This has impacted the moisture grade of the pellet feed and, consequently, the performance of the São Luis plant. Details on Vale’s Iron Ore Sales Volumes & Realized Prices Sales Volume Improves in Q1: Iron ore fines sales in the first quarter of 2025 rose 8% from the year-ago quarter to 56.8 Mt. This growth was driven by the sale of previously built-up inventories, which had been stockpiled to mitigate shipping constraints caused by heavy rainfall in the Northern System. In response to current market conditions, Vale has prioritized offering medium-grade products such as blended products (BRBF) and concentrated products in China (PFC1) to maximize the value of its portfolio. Pellet sales were down 18.8% to around 7.5 Mt. Total iron ore sales were up 3.6% year over year to 66.1 Mt. Iron Ore Prices Down: The average realized iron ore fines price was $90.8 per ton in the March-ended quarter, down 9.8% year over year. The average realized iron ore pellets price for the quarter was $140.8 per ton, 18.1% lower than the year-ago quarter. Story Continues Vale’s Copper Operations Deliver Growth In the first quarter, Vale produced 90.9 kt of copper, which was 11% higher than the year-ago quarter. This growth was driven by stronger performance at the Salobo mine, which saw output rise 8.1%, and at Sossego, where production surged 29.9%. Combined, these improvements boosted copper production in Brazil by 12.7% year over year to 68.3 kt. In Canada, copper output rose 6% year over year, reflecting the ramp-up and stable performance of the Voisey’s Bay operation. Vale sold 81.9 kt of copper in the quarter, which was up 6.6% year over year, reflecting the higher production. Sales in Brazil were up 7.8% and in Canada increased 3.3% year over year. The average realized price for copper operations (Salobo and Sossego) was $8,891 per ton, up 15.7% year over year. The average realized copper price for all operations (including copper sales originating from nickel operations) was $8,630 per ton. Vale’s Nickel Production & Sales Overview Nickel production increased 11.1% year over year to 43.9 kt in the January-March 2025 period. This reflects the continued ramp-up of Voisey’s Bay underground mines. At Thompson, finished nickel production surged 51% year over year, driven by additional volume delivered to Sudbury. Meanwhile, at Sudbury, finished nickel production decreased 3.2% due to a timing mismatch between mined material and refined production. Nickel sales were recorded at 38.9 kt, up 17.5% from the year-ago quarter’s figure. The average realized nickel price was $16,106 per ton, down 4% from the year-ago quarter. This was in line with the decrease in LME nickel reference prices. Expected Impact on VALE’s Upcoming Q1 Results Vale is scheduled to report first-quarter 2025 results this Thursday. Increased sales volume for iron ore, copper and nickel, along with higher copper prices, is likely to have been offset by lower iron ore and nickel prices. The Zacks Consensus Estimate for Vale‘s first-quarter revenues is $8.16 billion, indicating a 3.5% year-over-year decline. The consensus mark for earnings is at 37 cents per share, indicating a year-over-year drop of 5%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) VALE’s Guidance for 2025 The company expects iron ore production to be in the band of 325-335 Mt. Pellet production is projected to be between 38 Mt and 42 Mt. Vale expects to produce copper in the range of 340-370 kt. Nickel output will likely come between 160 kt and 175 kt. Vale's Peer Performances Rio Tinto Group RIO reported iron ore shipments (on a 100% basis) of 70.7 million tons (Mt) for the first quarter of 2025, a 9% decline year over year. This was the lowest first-quarter shipment volume for the company since 2019, when it totaled 69.1 Mt. Iron ore production dipped 10% to 69.8 Mt. Both production and shipping were affected by four cyclones during the quarter. In the first quarter, Rio Tinto’s mined copper production was 210 kt, 16% higher than the year-ago quarter. Taking into account the lost production due to bad weather in the first quarter, Rio Tinto expects Pilbara iron ore shipments (100% basis) to be near the lower end of its prior stated band of 323-338 Mt in 2025. The range indicates a year-over-year decline of 2% to growth of 3%. Rio Tinto expects copper production in the range of 780-850 kt for 2025. The company reported total copper production (mined and refined) of 792.6 kt in 2024. BHP Group’s BHP iron ore production was flat year over year at 61.8 Mt in the third quarter of fiscal 2025 (ended March 31, 2025). Production at Western Australia Iron Ore (WAIO) bore the impact of Tropical Cyclone Zelia and Tropical Storm Sean. BHP’s copper output improved 10% year over year to 513.2 kt in the fiscal third quarter. BHP’s iron ore production guidance for fiscal 2025 remains in the band of 255-265.5 Mt. WAIO's production is likely to be in the upper half of BHP’s expectation of 250-260 Mt (282-294 Mt on a 100% basis). The company expects copper production to be within the range of 1,845-2,045 kt in fiscal 2025. VALE Stock’s Price Performance Shares of Vale have lost 25.3% in a year compared with the industry’s 24.9% decline.Zacks Investment Research Image Source: Zacks Investment Research Vale’s Zacks Rank & a Stock to Consider Vale currently carries a Zacks Rank #3 (Hold). A better-ranked stock from the basic materials space is Carpenter Technology Corporation CRS, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Carpenter Technology has an average trailing four-quarter earnings surprise of 15.7%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $6.95 per share, implying year-over-year growth of 46.6%. Carpenter Technology shares have surged 116% in the last year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report VALE S.A. (VALE) : Free Stock Analysis Report Rio Tinto PLC (RIO) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 18.04.25 00:49:57 | Trump to approve land swap for Rio Tinto copper mine opposed by Native Americans | |
| By Ernest Scheyder (Reuters) - The Trump administration said on Thursday it would approve a land swap needed for Rio Tinto and BHP to build one of the world's largest copper mines, despite concerns from Native Americans that it would destroy a site of religious value. The move is likely to escalate tensions between Indigenous groups vocal about the need to preserve historical lands and Western governments eager to boost critical minerals production and offset China's sector dominance. The U.S. Forest Service, which is part of the Agriculture Department, said it will republish within 60 days an environmental report needed for the Resolution Copper project land swap to occur. Congress and then-President Barack Obama approved the mine in 2014 after it was added at the last minute to a must-pass military funding bill with the condition that an environmental report be published. The underground mine - which President Donald Trump approved in his first term before successor Joe Biden reversed him - would supply more than a quarter of U.S. appetite for copper and be a key part of Trump's plan to boost U.S. mining. Copper is used in construction, transportation, electronics and many other industries. The United States imports roughly half of its copper needs each year. Yet the mine's construction would cause a crater that would swallow the Oak Flat site where Arizona's San Carlos Apache worship. That has fueled strong opposition from all but one of the state's 22 Native American tribes, as well as the National Congress of American Indians. Apache Stronghold, a nonprofit group comprised of the San Carlos Apache Tribe and conservationists, asked the U.S. Supreme Court last September to block the land swap. The court has not yet decided whether to take that case. Were the court to do so, however, the Forest Service said on Thursday it "may reevaluate how to proceed" regarding the land swap. "The U.S. government is rushing to give away our spiritual home before the courts can even rule, just like it's rushed to erase Native people for generations," said Wendsler Nosie, an Apache Stronghold leader. The group and their attorneys at the Becket Fund for Religious Liberty contend the government would be violating the First Amendment's guarantee of freedom of religion if the mine is developed. "This makes the stakes crystal clear: if the court doesn't act now, Oak Flat could be transferred and destroyed before justice can be served," said Luke Goodrich, a Becket attorney. Story Continues Representatives for the San Carlos Apache were not immediately available to comment. Rio Tinto said the move was a "positive step forward" and it would continue to work on the project, on which it and BHP have already spent more than $2 billion. They have yet to produce any copper. "The Resolution Copper mine is vital to securing America's energy future and infrastructure needs with a domestic supply of copper and other critical minerals," said a Rio spokesperson. BHP, which owns 45% of the project to Rio's 55%, did not immediately respond to a request for comment. The Forest Service's move was applauded by Mila Besich, the Democratic mayor of Superior, Arizona, the town closest to the Resolution project. "This is a milestone in a very long process," said Besich. "This is a good thing for our town." Rio has said it plans to keep all of Resolution's copper inside the U.S. should the mine be approved. The company controls one of the two U.S. copper smelters. (Reporting by Ernest Scheyder; Editing by Sandra Maler and Rod Nickel) |
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| 17.04.25 16:32:58 | Vale's Outperformance Unlikely to Continue Amid Iron Ore Price Challenges, RBC Says | |
| Vale (VALE) has outperformed other diversified mining companies by 11% so far this year, supported b PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in |
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| 17.04.25 02:00:10 | Rio Tinto partners with Indian firm to explore low-carbon aluminium project | |
| (Reuters) -Rio Tinto (RIO.L) on Thursday said it inked a memorandum of understanding (MOU) with India-based AMG Metals & Materials (AMG M&M) to assess the viability of a low-carbon aluminium project in the South Asian country. The potential development could see up to 1 million tonnes per annum (mtpa) of primary aluminium smelting and 2 mtpa of alumina production, both energized by renewable wind and solar power, supported by pumped hydro storage, the global miner said. The initial phase of the project would involve studying the possibility of a 500,000 tonnes per annum primary aluminium smelter at a "favourable" location in India, it added. Rio Tinto did not disclose financial details of the deal. AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, an India-based clean energy company. As the demand for sustainable materials grows globally, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution, Rio said in its statement. “This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments,” said Mahesh Kolli, group president of AMG M&M and Greenko. (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Varun H K) View Comments |
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