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.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.48% at lunch.
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Thursday, with analysts putting a hefty price tag on Commonwealth Bank of Australia’s (ASX:CBA) CFS Group business.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.28% at lunch.
Fortescue Metals Group Limited (ASX:FMG) announced that its board has approved the development of the West Australian Eliwana mine and rail project, estimated to cost $US1.275 billion.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.20% at lunch.
Rio Tinto Limited (ASX:RIO) could be ready to offload its stake in the giant gold and copper mine, Grasberg, for around $3.5 billion to Freeport-McMoRan Inc (NYSE:FCX) and Inalum.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a flat open on Wednesday morning, with Australian Agricultural Company Limited (ASX:AAC) and Fonterra (ASX:FSF) in the news.
