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 newsTweets 

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
01/17 Rio Tinto payout hopes brighten on solid outlook for 2017
01/16 RIO TINTO : releases fourth quarter production results
01/16 RIO TINTO : Antipa Minerals Ltd. - Citadel JV, Drilling Programme Update No. 2
01/16DJRio Tinto Annual Iron Ore Shipments Rise
01/12 RIO TINTO : Kennecott Charitable Foundation donates $102,000 to local charities
01/11RIO TINTO LIMITED : annual sales release
2016DJIsrael Arrests Diamond Magnate -- WSJ
2016DJDiamond Magnate Beny Steinmetz Arrested in Guinea Case -- 2nd Update
2016 Workers at BHP Billiton's Escondida begin wage negotiations
2016DJDiamond Magnate Beny Steinmetz Arrested in Guinea Case -- Update
More news
Sector news : Integrated Mining
01/19DJBHP, Vale Lay Out Plan to Reach Settlement on Fatal Samarco Dam Failure -- Up..
01/19DJBHP Billiton, Vale, JV Reach Preliminary Agreement With Brazil Prosecutors Re..
01/17 Oil majors, car makers to push hydrogen technology to help cut emissions
01/17 FTSE falls most since June 2016 after PM May's Brexit speech
01/17 European shares steady as banks turns positive after May speech
More sector news : Integrated Mining
News from SeekingAlpha
2016 Asia Frontier Capital's Mongolia Travel Report
2016 EWA : Getting In Down Under
Advertisement
Financials ($)
Sales 2016 34 116 M
EBIT 2016 7 823 M
Net income 2016 4 772 M
Debt 2016 10 864 M
Yield 2016 2,89%
P/E ratio 2016 17,80
P/E ratio 2017 13,88
EV / Sales 2016 2,62x
EV / Sales 2017 2,39x
Capitalization 78 518 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 OUTPERFORM
Number of Analysts 16
Average target price 49,8 $
Spread / Average Target 5,7%
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 LIMITED4.06%78 518
BHP BILLITON PLC10.22%101 482
BHP BILLITON LIMITED5.15%101 482
RIO TINTO PLC10.78%78 518
ANGLO AMERICAN PLC11.16%22 315
GRUPO MEXICO S.A. DE C..7.07%21 618
More Results