Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Commodities  >  LME Zinc Cash       

Mes dernières consult.
Most popular
News SummaryAll newsTweets

Price, Productivity Aid Rio Tinto Cash Flow -- Commodity Comment

share with twitter share with LinkedIn share with facebook
share via e-mail
02/07/2018 | 09:06am CEST

Rio Tinto PLC (RIO.LN) reported a 90% rise in 2017 net profit to US$8.76 billion and said it would pay shareholders a record full-year dividend. It also announced plans to buy back a further US$1 billion in stock, on top of the US$1 billion dedicated to repurchasing shares in mid-2017.

Here are some remarks from Rio Tinto's 2017 earnings report:

On cash flow:

"The strength of our cash flow is a result of resilient prices during the year coupled with a robust operational performance and a focus on mine-to-market productivity. Our strong balance sheet, world-class assets and disciplined allocation of capital puts us in the unique position of being able to invest in high-value growth through the cycle, and consistently deliver superior cash returns to shareholders."

On prices:

"The effect of all price movements on the group's commodities in 2017 was to increase underlying earnings by $4,107 million compared with 2016. The Platts price for 62% iron Pilbara fines was 20% higher on average compared with 2016. Realized hard-coking-coal prices were 42% higher on average compared with 2016 and realized thermal-coal prices averaged 32% higher. Earnings and cash flows were also boosted by higher average prices for copper and aluminium, which were up 27% and 23%, respectively, year-on-year."

On capital expenditure:

"Capital expenditure expected to remain at around $5.5 billion in 2018 and around $6 billion in each of 2019 and 2020. Each year includes approximately $2.0-2.5 billion of sustaining capex."

On sales:

"Movements in sales volumes increased earnings by $114 million compared with 2016. The main contributors were higher iron-ore shipments from the Pilbara, a 20% increase in titanium dioxide slag feedstock sales volumes and a 6% rise in bauxite sales."

Write to Rhiannon Hoyle at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
LME ALUMINIUM CASH -0.57% 2265.5 End-of-day quote.0.42%
LME COPPER CASH 1.03% 6931.5 End-of-day quote.-3.47%
PLUMB CASH (EUR/100 KG) LONDON 0.24% 235.975 Real-time Quote.-6.81%
RIO TINTO 0.46% 4415 Delayed Quote.11.49%
RIO TINTO LIMITED 0.19% 84.76 End-of-day quote.13.19%
SILVER -0.17% 16.497 Delayed Quote.-2.44%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on LME ZINC CASH
05/22Rio Tinto Warns Mongolia to Honor Agreements -FT
05/18Rio Tinto Approved to Run Autonomous Trains at Pilbara
05/03COMMODITY COMMENT : Glencore's Zinc Production Drop Mars Robust Copper Figures
05/03Glencore 1Q Output Was Largely in Line With Views; Guidance Unchanged
05/02More Legal Ire for Rio in Australia -- WSJ
05/01Australia Broadens Legal Action Against Mining Titan Rio Tinto
05/01Australia Widens Lawsuit Against Rio Tinto, Former Executives Over Mozambique..
04/18Rio Tinto Driverless Trains Advance, Projects on Track -- Commodity Comment
04/17Rio Tinto Australian Iron-ore Shipments Higher On-year
04/13Rio Tinto to Declare Force Majeure on Certain Rusal Contracts
More news
Duration : Period :
LME Zinc Cash Technical Analysis Chart | 4-Traders
Technical analysis trends LME ZINC CASH
Short TermMid-TermLong Term