Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

at least my position here is b/e, but agree that sp is not behaving very well, so may cut tomorrow

From the Mail on Sunday

Rio Tinto is expected to reveal a halving of underlying profits from 3.3m to 1.6bn on Thursday.

Not sure what to make of that comment?

pth
they say chart/pattern recognition is an art and in the eye of the beholder. for the life of me i cant see a h&s within the range of prices you outline. sure i can see a potential "lesser one" but only potential, maybe it will develop into a "bigger one" a sort of fractals or wheels within wheels etc.caveat now you have mentioned it i suppose i can invisage it, but it aint obvious. LoL.thanks for bringing it to my attention.for it to "confirm" i would think the left shoulder at 20 needs to be broken fairly conclusively, followed by either a major move down , or alternatively a bounce back to the shoulder before making its major move down. this bounce may or not happen .
what of the mean time?
however before all this can happen lots of other stuff needs to happen.this stock has lots of technical support levels at varying degrees above 20 suggesting it wont happen, unless of course they all surrender. all just my opinion as always.dyor
what with results due this week i guess we wont have long to wait. hopefully.
to sum up , i dont see a h&s but then im wrong more often than i am right
regards to you
jkd

HARARE, Oct 6 (Reuters) - "Zimbabwean President Robert Mugabe opens a session of parliament on Tuesday which will debate amendments to the mining law. Mugabe told a mining conference last month the government would soon pass a law to address concerns raised by an earlier draft that sought to give locals at least 51 percent of foreign-owned mining operations.

MUROWA - Resource company Rio Tinto owns 78 percent of Murowa mine, the country's largest gold mine. Murowa produced 260,000 carats last year but company head Niels Kristensen told Reuters last month that Zimbabwe could produce six times its current output if there was certainty in the mining sector. ((Compiled by MacDonald Dzirutwe) (macdonald.dzirutwe@reuters.com; +263 4 799 112) Keywords: ZIMBABWE MINING/"

this has been a good play over the last week or so - i bought back in on 24/9 - but i think 30.00 may prove quite a stiff hurdle, assuming we get that far

sp now challenging 30.00 ...... this could be quite a substantial hurdle as chart indicates, but with the market charging, am inclined to stay put for the moment

discretion proved the better part of greed so have banked a very nice profit at 2987 - sp seems disinclined to stay above 30.00

cynic your lucky, I sold out yesterday afternoon at 2915 thinking they wouldn't go much higher. Still took a decent profit though, so I can't moan too much.

i had set a personal target of +/-30.00 which looked about right to me ..... to be honest, i treat RIO very much as a stock to trade, often quite short term, as it is so very volatile

30.00 has built up a nuisance resistance over the last few months ...... perhaps this time it will break through and stay through ..... highs are of course 2.5x this

Out of interest are you back in these cynic?

after today's insults from you, do you really expect me to answer that??!!
have been back in since 14th october and topped up this morning

cheers, big money now though.

so buy fewer of them! ..... don't forget that RIO regularly moves 1-2 in the course of a day and gthe spread is rarely more than 2/4p

are you selling now cynic or is there more to come??

i sold half yesterday .... ditto POG ..... but then i don't think i mentioned that i had doubled up both within the last week

nice one, looks as if both are having a rest for now, may join you in rio at the bottom if it comes low enough, hadn't noticed the chart movement as always thought it out of my range of dealing. live and learn BB.

all a bit hairy scary for the last couple of days, but the chart below shows why there looks to be pretty good support at 31.00 ...... or is it trying trying to break downwards? .... should that happen, then 29.75 (50 dma) should be the next good support level

Took a gamble and bought some at 30.98, also back in lonmin and aal. think gold will be back in favour soon.

30 looks like the next sideways support level and as a heavy hitter on the FTSE100, which is looking decidely weak, I wouldn't be overly surprised to see 29 at trendline support :-)