Rio Tinto Plc : Recap on Q3 and Arcadium: strengths unchanged amid the Chinese stimulus
>Q3 production slightly undershot expectations but two incidents resolved - We did a recap with the company following last week's Q3 production figures. The latter were slightly below our expectations for all four divisions, and although Rio confirmed most of its production targets (with the exception of IOC, Canada’s high-grade iron ore business), we are now at the low end of the range for most of these objectives, notably iron ore and copper output. Positively, the ...Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
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