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%

Bought the falling knife at 1450 and already 1410! Lots of stop losses hit no doubt only small position of 100 shares

Don't want to sound too negative but a few more pounds might be shaved off this yet !.

Aussie dollar has been hit where it hurts as well ! 10 is a possibility but Rio is a total psycho share to trade and 4-5 in a day standard procedure

I have put a limit order in for 1950 as 20 was such a stubborn nut for it to crack. I imagine some hedge funds will be reliving VW again today!

I assume there will be immediate broker downgrades which will compound the situation. Interesting to see that negative sentiment is always worse than positive. RIO down 40%, BLT up 15%.

and blt is at much reduced price so % is much easier to rise

read last night that usa will be paying till 2040 at least for their debts

Cynic, you are a lucky boy buying at 1559p! I bet you had a few more grey hairs when it reached 1405 ? Now in profit, glad to see.

not really .... had i not been ouit of the office, might have bought a few more, but am happy enough for the moment ...... have provisionally targetted an exit price of about 1975 for no other real reason than that 2000 may prove a psychological stumbling block

decided to take a small profit at 1649 instead of risking a loss, which could easily happen if NY falls tonight as is beginning to look very much on the cards

Good call. Closed at 1550p. Will be interesting to see where it goes tomorrow.

i have a funny feeling that it will even be below this level, but merely in reaction to NY which i also suspect will be down ..... if that is the case, i shall be tempted to dabble again

Looks like it closed at slightly above our 430 close in New York, still got to deal with Asx, have to admit selling out for 120 points today! Damn day traders!

Meanwhile, Rio Tinto, which saw its share price savaged after BHP withdrew its offer, has had its rating raised by ING from hold to buy in the wake of the share price collapse.

ING now has a price target of 2000p, down from 2200p previously, and remains concerned about Rios $39bn debt pile, which the miner is not reducing as fast as it hoped, due to difficulties securing what it considers fair value for the assets it is seeking to offload.

ING points out that Rio needs to refinance by next October around $9bn of money borrowed to acquire Alcan.
Re-loaded today at 15 for bed and breakfast trade

bed and breakfast? ...... cuddly blonde + eggs and bacon??

I wish...flog it in the open though !

the blonde?

Rio, lol!

Down again....what a market !.

ABN profit downgrade of 36% and 39billion debt, seems to be doing an RBS wonder if Fred Godwin is on the board !

Rio Tinto response to press speculation





TIDMRIO

RNS Number : 6004M
Rio Tinto PLC
01 February 2009

Rio Tinto response to press speculation

2 February 2009

Rio Tinto notes the recent press speculation regarding discussions with
Chinalco, an existing shareholder.

As previously announced, the Boards of Rio Tinto are continuing to consider a
range of options. In this regard, Rio Tinto confirms that it has held
discussions with Chinalco regarding Chinalco acquiring minority interests in
various operating businesses of the Rio Tinto group and also investing in
convertible instruments.

There can be no certainty that a transaction will ultimately take place and any
possible transaction would be conditional upon approval by the shareholders of
Rio Tinto and all necessary government and regulatory authorities.

A further announcement will be made as and when appropriate.

About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto
Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major
products are aluminium, copper, diamonds, energy (coal and uranium), gold,
industrial minerals (borax, titanium dioxide, salt, talc) and iron ore.
Activities span the world but are strongly represented in Australia and North
America with significant businesses in South America, Asia, Europe and southern
Africa.

For further information, please contact:

+-----------------------------------------------+------------------------------------------+
| Media Relations, London | Media Relations, Australia |
| Christina Mills | Ian Head |
| Office: +44 (0) 20 7781 1154 | Office: +61 (0) 3 9283 3620 |
| Mobile: +44 (0) 7825 275 605 | Mobile: +61 (0) 408 360 101 |
| | |
| Nick Cobban | Amanda Buckley |
| Office: +44 (0) 20 7781 1138 | Office: +61 (0) 3 9283 3627 |
| Mobile: +44 (0) 7920 041 003 | Mobile: +61 (0) 419 801 349 |
| | |
| Media Relations, US and South America | Media Relations, Canada |
| Tony Shaffer | Stefano Bertolli |
| Office: +1 202 393 0266 | Office:: +1 (0) 514 848 8151 |
| Mobile: +1 202 256 3667 | Mobile: +1 (0) 514 915 1800 |
+-----------------------------------------------+------------------------------------------+
| | |
+-----------------------------------------------+------------------------------------------+
| Investor Relations, London | Investor Relations, Australia |
| Nigel Jones | Dave Skinner |
| Office: +44 (0) 20 7753 2401 | Office: +61 (0) 3 9283 3628 |
| Mobile: +44 (0) 7917 227 365 | Mobile: +61 (0) 408 335 309 |
| | |
| David Ovington | Simon Ellinor |
| Office: +44 (0) 20 7753 2326 | Office: +61 (0) 7 3867 1607 |
| Mobile: +44 (0) 7920 010 978 | Mobile: +61 (0) 439 102 811 |
| Investor Relations, North America | |
| Jason Combes | |
| Office: +1 (0) 801 685 4535 | |
| Mobile: +1 (0) 801 558 2645 | |
| | |
+-----------------------------------------------+------------------------------------------+
| Email: questions@riotinto.com | |
+-----------------------------------------------+------------------------------------------+
| Websites: www.riotinto.com |
+-----------------------------------------------+------------------------------------------+

This information is provided by RNS
The company news service from the London Stock Exchange
END