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%

not kidding when they say "choppy"

Final summary paragraph from SocGen broker note out this morning:
"Miners should be back for good. Miners offer more straightforward exposure to China and the developing world and hence have been hit hard by fears of monetary tightening in China. We maintain our overall positive view on the demand outlook. We have however performed a stress test analysis on our mining coverage. It confirms our preference in the mining complex for Xstrata (TP 1,550p vs 1,500p) and Rio Tinto (TP 4,000p vs 3,900p). After the recent selloff we move Anglo American to Buy (vs Hold) with a TP of 3,000p (vs 2,900p)."

strong BUY from Sunday Times - biz section; back page

cynic don't look good form here ....Bearish head @ shoulders patten emerging if nick line is broken 3036 we could see 2500......then you have a good buying opp

would like a tick up of 2 my self..

Post Edited: On reflection, overly patronising.
My own record on RIO is rubbish, so I'll keep quiet on this one :-)

Tense times in Chinese iron ore price talks

Underlying EBIDTA -36%
SP will probably go up then!

Dividend down 60%.

And opens, up 100p!!

Ahhhh, sweet smell of profit coming back..

watch that 3300 level ...

Testing the 33 mark but can't quite hold it at mo.

have sold half for that reason

170 pt turnaround here Ricardo, hope you sold t'other half!

reasonably happy to hold those thanks peter, but sure glad i ducked first thing ..... with hindsight should prob have sold all, but market opened strong and certainly RIO has promise ..... have taken some other cash off the table too - see my comment on FTSE thread

Actually although the market appeared to open strongly, the FTSE Futs had barely moved from the close last night.

I was short EUR/USD and FTSE this morning, no positions open now, apart from a dog called PANR which might have potential for the longer term!! Also shorted Aviva for a quick +4 profit.

one day i'll learn to listen to you cynic..went off to work thinking there might be a bit more to come by 11.00am, now look at it......emu

more ostrich than emu

in fact, young emu, after an earlier plunge, RIO is actually performing pretty well in a bad market and is more or less back to opening level .... stay with 'em

emu ..... rio making another effort at 3300 .... it's already up about 70 at 3285, so may pause for breath before true assault