RIO 2.09% $119.00 rio tinto limited

bright prospect for rio shareholders?

  1. 62 Posts.
    SP for many major Iron Ore producers were recently massively down as we all know from the boom times.

    I believe RIO SP will steadily increase in 2013. I can support my thoughts with the below information:

    - Global Iron ore prices have steadied and have increased significantly from last couple month lows.
    - Competitors in india have continued blockage from a court imposed restriction.
    - Rio produce iron ore at a much cheaper rate than most other producers (Cost is less)
    - Rio have continued with their expansion projects while most other competitors have shelved their expansion work
    - Rio are planned to increase their production rates to 283Mtpa by mid to end 2013 and this is progressing as planned.
    - Rio also have another expansion work which will take their production targets to 353Mtpa by end of 2015.

    Markus
 
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$119.00
Change
-2.540(2.09%)
Mkt cap ! $44.17B
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$120.56 $120.69 $119.00 $216.2M 1.800M

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No. Vol. Price($)
3 130 $118.99
 

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Price($) Vol. No.
$119.13 1255 1
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