Member Info for 1.ARMANI

Gary59

Drip buying in US trading hours before FTSE closes.

If miners stocks are slightly out of favor, US markets will use their algorithm for stocks & that can be below the UK Algo for RIO.

It's not an exact science, I've found waiting until the US opens works for myself.

gl with your Rio trades

Seems a long haul to climb/retrace to 1885p but we will get there!

I'm sitting this one out.

Institutional investors such as Blackstone recently purchased 4,500 new builds from (VTY) Vistry.

New builds will gain traction due to rental demand ......(AV) Aviva have just purchased 101 new builds from BDEV in Cambridge.

PSN prefab timber roofing factory will be operational end 2025 and will contribute huge savings towards 7,500 house builds per year.

Rollacoaster perhaps!

Enjoy the upward trend 📈

Con/t

The 2024 diamond production estimate is between 26 million carats and 29 million carats, compared to 31.9 million carats in 2023.

Steelmaking coal output rose 26% annually to 4.2 million tonnes from 3.4 million tonnes, while production was up 12% from 3.8 million tonnes.

Anglo American kept production at Grosvenor steelmaking coal mine in Queensland, Australia, suspended. Grosvenor's production is excluded from steelmaking coal guidance for the second half of the year. Late last month, the Grosvenor mine experienced an underground fire.

Annual guidance for steelmaking coal production ranges from 14 million tonnes and 15.5 million tonnes. In 2023, output was 16.0 million tonnes.

Annually, nickel production was 1.0% higher at 10,000 tonnes from 9,900 tonnes. Output rose 5% from 9,500 tonnes on-quarter.

Manganese ore production plunged 63% annually to 356,000 tonnes from 970,000 tonnes, while it dropped 55% from 784,000 tonnes from the first quarter.

Anglo American PLC said on Thursday it expects to "substantially" complete divesting some assets by end of next year as the diversified miner reported mostly lower production at its operations, including copper, coal and diamond.

The London-based diversified miner in May unveiled its new strategy aimed at divesting some assets after managing to thwart a bid by rival BHP Group Ltd to take over Anglo American.

Back in May, Anglo American did not indicate when it expected this asset divestment to be finished.

Anglo American intends to "demerge" Anglo American Platinum Ltd and also "divest" or "demerge" De Beers as part of its new strategy. It also wants to divest its steelmaking coal business.

On Thursday, the company said it is working "at pace" to execute on the asset divestments and noted it aims to "substantively" complete the transformation by the end of 2025.

Releasing its production report for the second quarter to June 30, Anglo American said on Thursday that copper output fell 6.2% to 196,000 tonnes from 209,000 tonnes a year earlier, driven by lower throughput at Los Bronces and El Soldado mines in Chile, and "planned" lower grades at Quellaveco mine in Peru.

Compared to the first quarter, copper output was down 1.0% from 198,000 tonnes.

Anglo American maintained its annual copper production guidance at between 730,000 tonnes and 790,000 tonnes, compared to 826,000 tonnes in 2023.

Iron ore production was flat on an annual basis at 15.6 million ounces for the second quarter, after Minas-Rio mine in Brazi achieved a record second-quarter performance. Output was up 3.3% from 15.1 million tonnes in the first quarter.

Anglo American guides for 2024 iron ore production of between 58 million tonnes and 62 million tonnes, compared to 59.9 million tonnes in 2023.

In a separate filing, Kumba Iron Ore Ltd on Thursday reported a 2.9% decline in iron ore production to 9.18 million tonnes for the second quarter from 9.45 million tonnes in the same quarter last year, while output was down 0.9% from 9.27 million tonnes in the first quarter.

Kumba is subsidiary in which Anglo American owns 70% stake.

For Anglo American, platinum group metals production declined by 2.3% to 921,000 ounces on-year from 943,000 ounces, reflecting expected lower volumes from Kroondal mine in South Africa, which is reported as third-party purchase of concentrate, and lower production at Mototolo, Mogalakwena and Unki also in South Africa.

Annual PGM production guidance for Anglo American ranges between 3.3 million ounces and 3.7 million ounces, down from 3.8 million ounces in 2023.

Separately, Anglo American Platinum posted a 6.0% rise in total refined production to 1.28 million ounces in the second quarter from 1.21 million ounces a year before, while production surged 63% from 788,200 ounces in the first quarter.

Anglo American said diamonds production slumped 15% on an annual basis to 6.4 million carats from 7.6 million carats. Output wa

Seems to be heading that way (2200p)

Who would have thought when 4 pounds higher than my post price!!

BOD 💩

Strong operational with record iron ore production.

Highest copper production in 15 years!

Divi = crap

gla

BHP update 17th July

gla

RIO ADR shares trading across the pond pre-market open 65.21 usd

TA 14 Day RSI @30% 62.59 usd which is over sold!!(If we retrace that low)

The 18 Day Moving average 66.26 Stalls

UK RIO shares

14 Day RSI @30% 49.45p Over sold

"Results are due I think on 31 July so are we on a downward slope until then, thanks in advance."

Gary59

For what its worth, I'm waiting for the results 31st July & I will drip add in USA trading hours.

Drip add again 1st August.

Good luck what ever you decide!

Rio Tinto PLC on Tuesday said all conditions for its investment to develop the Simandou high-grade iron ore deposit in Guinea have been satisfied.

The Anglo-Australian mining and metals company expects that the new multi-use trans-Guinean railway alongside port facilities will allow the export of up to 120 million tonnes of mined iron ore per year.

"Simandou will deliver a significant new source of high-grade iron ore that will strengthen Rio Tinto's portfolio for the decarbonisation of the steel industry, along with trans-Guinean rail and port infrastructure that can make a significant contribution to the country's economic development," said Bold Baatar, Rio Tinto executive committee lead for Guinea and Copper chief executive.

Separately, Rio Tinto said iron ore production in the first half of 2024 at the Pilbara mine in Australia declined 2.0% to 157.4 million tonnes from 160.5 million tonnes a year ago.

Iron ore shipments from Pilbara declined 2.1% to 158.3 million tonnes from 161.7 million tonnes on-year.

Rio Tinto left its production guidance for 2024 mostly unchanged.

owever, it now anticipates alumina production between 7.0 and 7.3 million tonnes, down from a previous guidance of 7.6 to 7.9 million tonnes. Guidance for alumina has been lowered due to Gladstone operations working at reduced rates after a breakage of a third party gas pipeline in March. Rio Tinto expects gas supplies from the pipeline to return to normal levels by the end of the year.

gla

sharecast news) - mining giant rio tinto said it was starting to see a "step-change" in production with output of iron ore, bauxite and aluminium all growing in the second quarter, though iron ore shipments were worse than expected due to a train derailment during the period.

iron ore shipments from the company's projects in the pilbara region of western australia totalled 80.3m tonnes during the three months to 30 june, up 3% on the first quarter but short of the 82.1mt consensus forecast.

the company said that both production and shipments were impacted by a train collision in mid-may, which resulted in around six days of lost rail capacity and full stockpiles at some mines. pilbara iron ore production rose just 2% quarter-on-quarter to 79.5m tonnes.

elsewhere, bauxite production increased 10% over the three-month period to 14.7mt, while mined copper production rose 10% to 171,000kt. aluminium output was flat at 824kt, while titanium dioxide **** fell 6% to 238kt and iron ore pellets and concentrate output in canada dropped 16% to 2.2mt.

"our operational performance continues to progress," said rio chief executive jakob stausholm. "while there are still significant improvements ahead, we are beginning to see a step-change in production, including from our queensland bauxite business following the roll-out of the safe production system."

Aviva purchased 101 houses in Cambridge from Barratt house builders.

Institutional companies are buying into the UK rental market.

Blackstone are one of many investment companies and recently purchased 4,500 houses from Vistry VTY house builder.

I expect to see AV test 507p

gla

Aviva said it's latest house purchase deal was with housebuilders Barratt to deliver 101 rental homes in Cambridge.

Aviva plan to increase their investments in rental homes in Britain by hundreds of millions of pounds.

I expect builders to be at the higher end for 2025 estimated house builds.

gla

"Miliband bans new oil drilling"

Miliband is lobbying from within....he is lobbying for a renewables and will receive vast sums of cash deposits in an offshore account.

He stands for everything that is despicable in politics and doesn't give a rats rs for indigenous Brits.

Another floater wrapped in sheep's clothing or in his case synthetic fabric from N. Sea Oil.

House builder BWY ups it offer to buy Crest 701.4 Million

BOD likely to approve and ask shareholders approval.

701.4 M all share offer from BWY for Crest

Crest BOD likely to except the offer subject to shareholders approval

Insidious, I think all house builders will increase house completions, however some will be sold in blocks to institution investors for housing.

VTY have changed their business model to build 18,000 houses per year (Bought by councils) and institutional investors.

Blackstone, are targeting growth in a UK rental sector traditionally dominated by small private Landlords.

The US Investment firm has struck 2 deals in the past year from VTY Vistry, worth 1.4 Billion and covering more than 4,500 homes.

BKG Berkeley said it has already sold around 1,000 homes to institutional investors.

The company is adopting a strategic route to drive this market by creating (BTR) Build to Rent.........they will build to rent an increase of 10% new builds for 2025, once established with tenants they will hold for ex years and sell to institutional investors.

I expect a complete change to parts of the industry from 2025.

gla

"Thoughts on TU?"

We shall see within one hour of trading......for myself its a HOLD

"The Board intends to declare an ordinary dividend in line with policy, with dividend cover of 1.75 times adjusted FY24 earnings per share, with the FY24 results."

Apologies TW heading 162p etc

PSN heading towards 1560p ++