Rio Tinto (RTP)

Add a New Bulls Reason Company: Rio Tinto (RTP) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 6 votes edit Rio just increased the iron ore price by 97% Top Contributor: Bret Holmes | Created when NYSE:RTP was $427.50 | Edit | History Rio and Baosteel Group Corp., China’s largest steelmaker, announced they had reached an agreement to raise iron-ore contract prices by 80% to 97%. That bested Brazil’s Vale (ADR: RIO) which earlier secured a 70% increase for the price of its ore. It was the first time Chinese buyers ever agreed to pay more for Australian ore than supplies from Brazil. (100 character max) Cancel 0% agree 0 votes edit Merger booast Top Contributor: Investment U Website: InvestmentU | Created when NYSE:RTP was $162.51 | Edit | History RTP is a smaller version of BHP Billiton. The recently announced agreement to merge their iron ore operations in western Australia with those of BHP Billiton should be a boon to both companies. (100 character max) Cancel 0% agree 0 votes edit It's cheap Created when NYSE:RTP was $83.00 | Edit | History It's still one of the world's best mining companies, despite the debt burden from the Alcan purchase, the failure of the BHP bid and the fall in commodity prices. (100 character max) Cancel

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