Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Rio Tinto Limited    RIO   AU000000RIO1

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CESCO:Rio Tinto Copper Unit CEO:China Growth To Hold At Current Rate

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/17/2012 | 04:26pm CET

Slowing growth in China and Europe's debt crisis won't derail the long-term outlook for the copper industry, which should continue to benefit from robust demand for the metal and challenges in bringing new supply online, the chief executive of Rio Tinto PLC's (RIO, RIO.LN) copper unit said on Tuesday.

"While in the short term we will see continued volatility, the long-term copper demand picture has not changed," Andrew Harding said at the CESCO copper industry conference here. Harding said continued industrialization in China and other emerging markets would underpin demand for the industrial metal.

"I am confident that growth in China will stay at the levels we're currently seeing," Harding said. He added, however, that growth would likely remain at a slower pace than the double-digit expansion in gross domestic product seen during parts of the last decade.

China is the world's top copper consumer, accounting for about 40% of global use of the metal. Copper is widely used in electricity and construction, and has been a key ingredient in China's rapid industrialization.

Copper supply, Harding said, would continue to be limited as years of mining have depleted the better part of many copper deposits.

-By Matt Day, Dow Jones Newswires; 212-416-4986, matt.day@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RIO TINTO LIMITED
04:34p Turquoise Hill suspends Mongolia mine shipments to China
11/29 CITIC aims to cut costs at Sino Iron project, ramp up output
11/29 Britain, Mongolia pledge to do more mining together
11/24DJRio Tinto Underspends Already-Low Forecast
11/23 RIO TINTO : agrees sale of its Lochaber assets for $410 million
11/23DJRio Tinto to Sell Scottish Aluminum Assets for $410 Million
11/17DJInternal Probe Over Payments Led Rio Tinto to Fire Top Officials
11/16DJRio Tinto Terminates Executives Over Simandou Investigation
11/10 Leaked emails drag top Rio bosses into Guinea mine woes
11/09DJRio Tinto Suspends Executive Amid Payments Probe
More news
Sector news : Integrated Mining
04:34p Turquoise Hill suspends Mongolia mine shipments to China
11/29DJBrazil's Vale Hopes for Samarco Mining Operations Restart in Mid-2017 -- Upda..
11/29 CITIC aims to cut costs at Sino Iron project, ramp up output
11/29 Britain, Mongolia pledge to do more mining together
11/29 Britain should speed up military shipbuilding to create jobs - report
More sector news : Integrated Mining
News from SeekingAlpha
11/14 Asia Frontier Capital's Mongolia Travel Report
03/14 EWA : Getting In Down Under
Advertisement
Financials ($)
Sales 2016 33 217 M
EBIT 2016 7 277 M
Net income 2016 4 444 M
Debt 2016 11 539 M
Yield 2016 2,83%
P/E ratio 2016 18,01
P/E ratio 2017 16,48
EV / Sales 2016 2,47x
EV / Sales 2017 2,36x
Capitalization 70 434 M
More Financials
Chart RIO TINTO LIMITED
Duration : Period :
Rio Tinto Limited Technical Analysis Chart | RIO | AU000000RIO1 | 4-Traders
Full-screen chart
Technical analysis trends RIO TINTO LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 46,6 $
Spread / Average Target 7,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Sébastien Jacques Chief Executive Officer
Jan Petrus du Plessis Chairman
Christopher J. Lynch Chief Financial Officer & Non-Executive Director
Stephen McIntosh Group Executive-Technology & Innovation
Paul Mathias Tellier Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RIO TINTO LIMITED29.17%70 434
BHP BILLITON PLC76.18%96 067
BHP BILLITON LIMITED36.67%96 067
RIO TINTO PLC52.97%70 434
GRUPO MEXICO S.A. DE C..56.10%21 765
ANGLO AMERICAN PLC303.24%21 172
More Results