Rio Tinto Plc : Cash returns and the (high) price of iron ore are priced in today
>A high iron ore price and fewer problems in 2019 - Rio Tinto’s adjusted EBITDA came to $ 18.1bn in 2018 (flat vs 2017 excluding the divested coal business), representing a margin of 42%. In 2019, management forecasts: 1/ a return to normal production at Iron Ore of Canada (IOC), which was hit by a strike in 2018 (target of 11-12 Mt in 2019 vs 9 Mt in 2018); and 2/ a better performance by its Industrial Minerals division (volumes down 15% in 2018). These two items had...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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