Rio Tinto plc (ADR) (NYSE:RIO) and Alcoa Inc (NYSE:AA) have announced to terminate their more than 40-year-old state agreement act, following which the Mitchell Plateau in the northern Kimberley region will be returned to the Australian government.
After news of sluggish economic growth in China was confirmed by Beijing, the price of iron ore has dropped to new lows. Both BHP Billiton Limited (ADR) (NYSE:BHP) and Rio Tinto plc (ADR) (NYSE:RIO) are optimistic that the low price will not depress ...
As much as 6 analysts have advised buy on Rio Tinto plc (ADR) (NYSE:RIO) with an average broker rating of 2.17. Zacks research analysts are highly pessimistic on the counter and has given it a short term rating of 5, indicating that it is a Underperform.
The company has a very diverse product portfolio comprising a dozen highly-demanded commodities in the metals and mining sector. Rio's geographical presence across the world means spinning off its operations will not help it become more efficient.