Rio Tinto Limited (ASX: RIO)’s origins date back more than 145 years but today it is one of world’s largest aluminium and iron ore producers, with much of its sales revenue coming from its operates in Western Australia. It also owns, fully or partly, mining projects for copper, diamonds, uranium and other minerals.
Fortescue Metals Group Limited (ASX:FMG) shares have continued their climb today, up another 2% an hour after market open.
Over the last three months, Rio Tinto Ltd (ASX:RIO) shares have been on a steady climb to $100 and have cracked triple-digits today. Is it justified?
There were a few new changes in the budget that Treasurer Josh Frydenberg announced yesterday.
The Fortescue Metals Group Ltd (ASX:FMG) share price has experienced huge gains year-to-date and today announced approval of the FMG Magnetite Project.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.62% at lunch.
Rio Tinto Limited (ASX: RIO) this morning released an announcement detailing the damage done by Cyclone Veronica to its Cape Lambert A port facility.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.67% on Friday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.24% at lunch.
Analysts say the share prices of BHP Group Ltd (ASX:BHP) and Rio Tinto Limited (ASX:RIO) could keep rising thanks to China.
