35 Burst results for "Rio Tinto"

"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | Last week

"rio tinto" Discussed on Bloomberg Radio New York

"This options open for September. You have Jackson hole in August coming up and you've got a couple of CPI and payroll reports before September. But that being said, investors are skeptical that the fed can tame inflation without driving the economy into a recession. Over 60% of respondents in last week's M1 poll survey said there's a lower zero probability that the fed can rein in inflation without a recession. So there's definitely a lot of skepticism going into the fed today. Okay. Yeah, 7 o'clock London time. Heather, thank you so much for being with us. Bloomberg's Heather Berg for real-time market commentary and analysis check out markets live MLI V on your Bloomberg terminal. This is Bloomberg. Markets, headlines and breaking news 24 hours a day. The Bloomberg business out there. Quick take. This is a Bloomberg business flash. From Bloomberg's European headquarters here in London and Caroline Hepburn with this Bloomberg radio business flash, so you've got the Russian squeeze on European gas prices, Nat gas prices Serge yesterday will watch the figure of when we start trading here in Europe also markets really brace for the fed decision of course and Thursday that's going to see at least 80 European 600 stock 600 members reporting. We've got a massive day of earnings today too, including Credit Suisse Rio tinto just out this hour. First half underlying profit of $8.6 billion, that's well below the estimated 9.18 billion. So that from Rio tinto, as for the markets more broadly, start futures for the U.S. stock 50 are up by two tenths of 1% S&P 500 eight tenths, NASDAQ futures up by 1.4%. Bond markets though are steady ahead of Jerome Powell, 2.8% for ten year treasury yields. Right now, the Bloomberg dollar spot index is softer by a tenth of 1% he had a mixed trading day over in Asia, the hang seng down 1.2%, but some small gains in Japan, as for the gold spot price $1719 up a tenth of 1%. That is a Bloomberg radio business flash. Now let's get over to Bloomberg's Lia guarante with the rest of today's top stories hi come on Elia.

Bloomberg fed Heather Berg Caroline Hepburn London Rio tinto Jackson Heather Serge Credit Suisse Jerome Powell Europe treasury
"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | Last month

"rio tinto" Discussed on Bloomberg Radio New York

"Prices have dropped for more than 7 days straight. One O two on Wall Street time now for the market driver support with a focus on American depositary receipts and years, Abigail Doolittle. Thanks Charlie and lots of action in the world of ADRs today starting out with the plunge and oil that of course is dragging on the shares of BP at this point oil is down just about 3.3% and that's the amount BP is down off of those lows when oil had actually been down closer to 6% and the natural resource sell off is pretty broad the commodity complex overall now down about 1% Rio tinto, the miner also down sharply down 3.8% and despite U.S. stocks trying to rally here after fed chair Jay Powell's testimony with yields in JD.com, the China tech company it's down this after it's 6 one 8 sales grow at the slowest pace on record as COVID-19 finally starts to hopefully dwindle Charlie. All right, we thank you very much. Abigail Doolittle keeping track of those ADRs. Briefly, La-Z-Boy shares are rallying after the furniture maker reported quarterly profit on sales that topped analyst expectations, lazy boy up now by 7.8%. Recapping the Dow just turning negative down one tenth of 1% S&P up 5 little changed up one tenth, ten year yield 3.14%. I'm Charlie palette and that is a Bloomberg business flash. This is balance and power with David Weston. I am optimistic that we will see some cooling of inflation. I am not going to forecast exactly what the numbers will be and how fast. This is a time where we'll have some temporary inflation. Everybody's expecting it to come back down. Where the world of politics meets the world

Abigail Doolittle BP Jay Powell JD.com Charlie Rio tinto Charlie palette fed David Weston U.S. China La
"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 2 months ago

"rio tinto" Discussed on Bloomberg Radio New York

"To be inflationary for the world That's difficult to say but the reality is these rare Earths are selling at high prices It's specialities and we probably haven't focused too much in the west We've just said we can buy it on the market And now we realize we probably need to focus a little bit more on it I'll give you one example at a referential operation outside Salt Lake City In our waste streams we actually have 16 out of the so called 35 critical minerals So it's really more about do you have the processing skills and the wills are extracted And I think we're doing that with a new plant That was Jacob starts on the CEO of Rio tinto speaking to francine LaCroix in Davos interesting to hear his take on things moving in the commodity markets also he talked a bit more in that interview about the supplies of iron ore because we know that's been the course a commodity we're watching the price of very closely at the moment saying that because they're bringing their new iron ore mine online and Western Australia very soon they're going to be helping them to produce more He's hoping for that supply to come on stream in the second half of this year His take wasn't the market is in a decent balance when it comes to iron ore which is interesting given all the price movement that we've seen there as well One of the threads of conversations that we're seeing running through I Davos interviewed thermometers about working from home and I was really interested we had on retro some fidelity on a little bit earlier and she was talking about this idea that everyone basically has to set their own limits for working from home is and how many days it should be in the office Yeah she gave good details didn't she What she's doing working four days in the office one day at home is her intention doesn't always happen sometimes I'm not being afraid of the Friday Yes exactly That was nice That was nice conversation Back to what you were saying about Rio tinto and iron or interesting that there are commodities.

francine LaCroix Rio tinto Salt Lake City Jacob Western Australia
"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:43 min | 5 months ago

"rio tinto" Discussed on Bloomberg Radio New York

"Stock futures are higher U.S. stocks 50 futures gaining 7 tens of 1% But of course the S&P 500 yesterday fell into correction after sliding 10% down from a January peak also important to note that shares in Russia's two biggest banks in Moscow's Burbank and vtb group rallied investors expressing their relief that they were not the target of sanctions Treasuries mostly fell and the yield curve flattened yesterday but we have a holiday in Japan today so no cash treasury trading this hour And on the Central Bank front quite a few bits of news New Zealand raised interest rates for a third meeting in a row the kiwi dollar strengthened on that The Bank of England's deputy governor Dave Ramsey also spoke yesterday closely watched He sees only modest tightening in UK interest rates So that's a new line And we have the Bank of England governor Andrew Bailey appearing before the treasury committee later today and just lastly on oil oil prices remaining pretty high the vix gauge also in terms of volatility that jumped yesterday all prices for Brent crude $96 93 So plenty to think about but also another big earnings result this morning that I just want to recap you with Rio tinto within the last few minutes reporting full year underlying profits of $21.4 billion That was a miss though on the estimates of 21.72 billion Their final dividend per share $4.17 So $4 and 17 cents They will pay a $1 billion in terms of a final special dividend and just the other news lines of interest Yes emit a miss when it comes to EBITDA So that's from Rio tinto Okay let's get some more details then on the markets this morning and get in Bloomberg's cross asset editor Joanna Austen For her views great to have you on Joanna took us talk to us about what the market is seeing now as the feds rate hike path because this along with Russia are the two issues dominating trading Hi Caroline Yeah so this is interesting swaps are back to pricing in the potential of a 50 basis point hike They're pricing in about 34 basis points right now So and that's encouraged by hawkish comments from some fed officials And they also traders also think the fed might overdo it There's a 70% chance priced in that borrowing costs will be cut in 2024 But on the idea of that initial 50 basis point hike The main thing to watch is really what the top officials say governors will sometimes say a lot of things and it doesn't necessarily translate into what happens in the meeting but focus on the J polls of the world and what they're saying Yeah absolutely Also let's have a think about Bitcoin because we've been looking a lot obviously at gold the last few days but Bitcoin versus gold Bitcoin versus stocks What's happening Yeah well Bitcoin is really at a low versus gold because as you say gold is rising in Bitcoin has not been It's really struggling around 38,000 right now It's gone below 40,000 again and just hasn't been able to get above it But the thing that's so notable about this is that it was touted as this great hedge for geopolitical events but if anything it's been the opposite and then could be due to institutions bigger investors watching their asset allocations and moving things around but it really is trading as a risk asset right now not as this inflation or geopolitical hedge that people had been saying it was for the past few years So Bitcoin looking like that risk asset Yeah really interesting Thanks so much Joanna for that note on Bitcoin too Joanna osse real-time market commentary and analysis Check out markets live ML IV on your Bloomberg terminal Well let's get to our top stories but we mostly go and says all the sanctions.

vtb group Bank of England Rio tinto Joanna Austen treasury committee Andrew Bailey Russia Bitcoin Dave Ramsey Burbank Central Bank
"rio tinto" Discussed on Switched On

Switched On

02:00 min | 9 months ago

"rio tinto" Discussed on Switched On

"Because shipping CO2 between countries for storage. I mean, this is a big enterprise. And it won't happen unless you have a solid market for it. And we need governments to help us create that market. If we don't, then cart fixes out of business. I'm gonna disagree slightly in that you have all these companies and countries that are making net zero commitments. And you have ESG becoming part of investment requirements, theses reporting regulations, things like that. And so if anybody's serious about any of this, you're going to have more companies like Rio tinto, putting $7.6 billion into their net zero goals, right? And part of that is going to involve CCS or CO2 storage, whatever you want to call it here. I think policies is really, really critical. But in some ways, could be a nice to have? I don't know, I think the market could be taking over. I'm not sure. With big industries, I mean, they are going to move when the carbon price rises. That is for sure. And the ETS emission allowance has been hovering around €20 per ton for a long time. And they've done nothing. Absolutely nothing. What about 55 now, 60? Now we're up to 55 60, and now we're seeing movement. So you see this ghost hand in hand. And that is the big industries. And this is the biggest slice of the cake, really is when you get these big industries to move, then you will get real action. So the number of calls you get is directly correlated to the carbon price. It sounds like. Yeah, more or less. Thanks for joining us. Thank you so much, pleasure talking to you. All right, we'll look forward to having you back when coat is built. Very good. You'll be invited. Sweet..

Because shipping CO Rio tinto
"rio tinto" Discussed on Switched On

Switched On

05:00 min | 9 months ago

"rio tinto" Discussed on Switched On

"But this is there are several options on the table right now. Okay. Let's say, congratulations on that. It's really cool. And that you say that's going to go on and likely 2025. Is that right? That's what we're aiming for. Yeah. And just for re listening, that's part of Rio tinto $7.5 billion announcement they made last week to reduce scope one and two emissions by 16.3 million tons per year by 2030. So clearly they had this in mind with there they made that announcement. That's an oddly specific number 16.3 million tons per year. Do you know what proportion or how much they plan to inject or how much the smelter emits? Well, this smelter emits a little over 300,000 tons per year. So it's a small portion of the 16.3 million. You've got the .3. That's right, yeah, yeah. So when we're done, it will be 16. Well, hopefully more. Yeah, I mean, we'll see how far we can go. I mean, usually, in most industries, these are demonstrated technologies. You can just go and choose a company, choose a service provider, and you can just start doing it. With an element melted like I mentioned, there is R and D involved. So we don't know exactly if they will be ready in 2025 when we will start operating the total terminal. But at least we will be there and the storage side will be operational. And we are ready when they are ready. Okay, I was going to use a hypothetical company as an example, but I'm going to use Rio tinto. I've enveloped CEO in a story read from Bloomberg about this, said, quote, beyond this, this project, we will look for opportunities to apply car fix as technology for decarbonization across Rio tinto's operations. All right, so let's say they come to you with a project in Australia. You know, a plant in Australia they want to decarbonize or smelter or something like that in Australia. Do you say great? Let's do the storage here. Or do you say, okay, let me find you a ship, and we'll take it to a hub at the coda terminal. First, we'll see if we can inject it on site. It's always the cheapest way to go. And the most economical way to go. So if, for some reason, that turns out to be not favorable. And it's not only about the chemistry of the rocks. It's also about the permeability. Can you get all this fluid into the underground? Is there a space for it? I mean, this is also a big concern. I mean, Australia has a hot dry rock. They keep talking about it. At least a decade ago they did..

Rio tinto Australia Bloomberg
"rio tinto" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:31 min | 1 year ago

"rio tinto" Discussed on WSJ Minute Briefing

"Stock market snapped a three week. Winning streak on negative consumer sentiment about the economy. The dow jones industrial average fell two hundred and ninety. Nine points are more than point. Eight percents to close at thirty four thousand six eighty seven. The nasdaq finished one hundred and fifteen points lower also down point eight percent and the s&p five hundred was off thirty two points down. Three quarters of a percent higher inflation drove. Us consumer sentiment lower in early july. According to a new survey consumer complaints focused on record prices for homes vehicles and household durable goods in corporate news shares of intel fell one point five percent day after the wall street journal reported. It's in talks by chipmaker global foundries for about thirty billion dollars mining company rio tinto shares fell four percent. The company said pandemic related restrictions in asia and australia are slowing iron. Ore shipments raising production costs and delaying projects. Shares of modern rose. Ten point three percent afterward came the former suitable company will be added to the s&p five hundred index effective july twenty first lordstown motor shares. Fell three point. Nine percent after the electric truck company confirmed the. Us attorney's office in manhattan is investigating. Its business and chinese. Ride hailing company. Deedee fell nearly three point two percent after china's sense state security police officials to the company's offices as part of a cybersecurity investigation. We'll have a lot more coverage of the day's news on the wsj's what's news. Podcast you can add to your playlist in your smart speaker or listen and subscribe wherever you get your podcasts..

chipmaker global wsj rio tinto intel Us asia australia s manhattan china
"rio tinto" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:31 min | 1 year ago

"rio tinto" Discussed on WSJ Minute Briefing

"Stock market snapped a three week. Winning streak on negative consumer sentiment about the economy. The dow jones industrial average fell two hundred and ninety. Nine points are more than point. Eight percents to close at thirty four thousand six eighty seven. The nasdaq finished one hundred and fifteen points lower also down point eight percent and the s&p five hundred was off thirty two points down. Three quarters of a percent higher inflation drove. Us consumer sentiment lower in early july. According to a new survey consumer complaints focused on record prices for homes vehicles and household durable goods in corporate news shares of intel fell one point five percent day after the wall street journal reported. It's in talks by chipmaker global foundries for about thirty billion dollars mining company rio tinto shares fell four percent. The company said pandemic related restrictions in asia and australia are slowing iron. Ore shipments raising production costs and delaying projects. Shares of modern rose. Ten point three percent afterward came the former suitable company will be added to the s&p five hundred index effective july twenty first lordstown motor shares. Fell three point. Nine percent after the electric truck company confirmed the. Us attorney's office in manhattan is investigating. Its business and chinese. Ride hailing company. Deedee fell nearly three point two percent after china's sense state security police officials to the company's offices as part of a cybersecurity investigation. We'll have a lot more coverage of the day's news on the wsj's what's news. Podcast you can add to your playlist in your smart speaker or listen and subscribe wherever you get your podcasts..

chipmaker global wsj rio tinto intel Us asia australia s manhattan china
"rio tinto" Discussed on The Dirtbag Diaries

The Dirtbag Diaries

04:06 min | 1 year ago

"rio tinto" Discussed on The Dirtbag Diaries

"The house and senate so it flopped over and over for about ten years but then in december of twenty fourteen a lands package was being attached to the national defense authorization. Act senator mccain. Who all just mentioned was the largest recipient of rio tinto campaign contributions at the time. Slip the land exchange in at the last minute. It was a many thousand page document. The land exchange transferring oak flat resolution. Copper numbered section. Three thousand three. The act was released at eleven thirty pm for review in congress had about thirty minutes to sort out what everything meant. It'd be for this is a this is a tactic that both republicans and democrats us regularly to get things pastors they to something like this and then give no.

senator mccain rio tinto senate house congress
The Introduction of Football to Spain

Everything Everywhere Daily

01:07 min | 1 year ago

The Introduction of Football to Spain

"Which i shall hereby refer to as football for the rest of the episode to appease my european listeners didn't originate in spain but it did arrive there rather quickly. In the late nineteenth century. Spanish workers and students who lived in england brought back with them. The game of football the first football club formed in spain was recreativo de huallaga which was founded in eighteen eighty nine by british workers for the rio tinto company the club's still exists today and currently plays in the second division in spain's professional league football clubs spread quickly through spain in the late nineteenth and early twentieth. Centuries nineteen to the idea was floated to have a single elimination knockout tournament. In honor of the coronation of king alfonso the thirteenth. It was called the copa de la coronation. And it was won by a team from bilbao. Which was the precursor to athletic. Bilbao the current team. Which represents the city of bilbao the next year. Nineteen thousand three. The tournament was brought back. This time being called the copa del rey. Or the king's cup. The first two copa. Del rey's athletic. Bilbao today. Barcelona has won the cup. Thirty times with alec. Bilbao winning twenty three times and real madrid winning nineteen

Spain Football King Alfonso Rio Tinto Bilbao England Del Rey Barcelona Alec Madrid
Apaches object to Forest Service review of huge copper mine

Gaydos and Chad

00:28 sec | 1 year ago

Apaches object to Forest Service review of huge copper mine

"U. S. Forest Service released an environmental impact statement statement today today that that paves paves the the way way for for the the creation creation of of one one of of the the largest largest copper copper mines mines in in the the U. U. S S resolution. resolution. Copper Copper plans plans to to mind mind land land east east of of Phoenix Phoenix that some Apaches consider sacred and have been working for years to protect environmentalist accused the service of trying to push it through before President Trump leaves office. Forest Service now has 60 days to transfer land known as oak flat to the international mining company. Rio Tinto.

Forest Service Copper Copper Phoenix U. President Trump Rio Tinto
"rio tinto" Discussed on X96

X96

01:36 min | 1 year ago

"rio tinto" Discussed on X96

"You support your favorite team, located at Rio Tinto Stadium in Sandy, the RSL team stores open weekdays from 10 to 6 and Saturdays from 10 to 5 Bridges. Owens is running to represent us in Congress, but his record should make Utahns run in the other direction. Only said he'd repeal our healthcare throwing over 200. 1000, Utah residents off their healthcare and ending healthcare protections for people with pre existing conditions like asthma or cancer. And while Utah families are still suffering from increased cancer rates do two decades of nuclear testing in the madam owns called for restarting nuclear testing. That's right, Owen said. He absolutely supported it. But that's not all. Owens has a decades long history of bad judgment filing for bankruptcy six times across multiple states and hundreds of thousands and unpaid taxes record is clear. Utah should run from Burgess on paid for by House Majority. Pack the house with Jordan dot com not authorized candidate. Our candidate's committee House Majority PAC is responsible for the content of this advertising. Wow. This minute hike was a great idea. Yeah, From here. You can see the whole city and no one is ever here because of the abandoned asylum of the road. So romantic, But who's the guy standing over there? What guy Over there with the clown mask and change. Probably just a lumberjack. Who war is Halloween costume to work. Oh, he's coming over here. Let's get it. Don't risk.

Owens Utah Rio Tinto Stadium House Majority PAC House Majority RSL Owen Sandy asthma Congress Burgess
"rio tinto" Discussed on X96

X96

02:09 min | 2 years ago

"rio tinto" Discussed on X96

"A diversion eatery dot com Boner candidate number one We went too far, but it's done. Executives at Rio Tinto stepped down after destroying sacred sites in Australia sacred and ancient archaeological sites. Going up against number two Mike Leigh attacks the liberal establishment in Utah, saying that chaos l dot com is too liberal and the Church of Jesus Christ of Latter day Saints should sell care, sir. Well. The winner in a close vote was boner candidate number 10. We went too far. Really? Yeah, but now I was hoping that you know well way Don't pick boner of the day. You do? And you decided that is boner of the day For today. It now goes forward and might be boner of the week. You see, your vote is taken away. Now, Dave. The flower guy will decide who boner of the week is. In our next break right now we're going to talk to Jessica Strong from Primary Children's Hospital. Hi, Jessica. How are you this morning? Doing? Well, How are you? Good. Good. You had a topic here that I think is interesting and being being a parent of someone who's in this age group. It is sometimes difficult to talk to. The Tweens as we call them. Very hot sometimes, so, I mean, it's almost no matter what you say it's wrong. Yeah, it could be a really challenging time. We know that those kids, you know, kind of between six and nine grade. They're experiencing so many changes right physically, socially emotionally. So we've developed a new program for parents to help them talk to their kids about these things during those years. That's terrific. How do I access that bill needed immediately? Immediately. Great. You can go to the website, which has talked to Tween dot com. It's also available in Spanish, and it will give parents tips and tools as well as some great downloadable assets..

Jessica Strong Rio Tinto Mike Leigh Utah Church of Jesus Australia Primary Children's Hospital Dave
Rio Tinto CEO to leave over destruction of Indigenous sites

BBC Newshour

05:09 min | 2 years ago

Rio Tinto CEO to leave over destruction of Indigenous sites

"It's not very often that shareholders of a big multinational company forced the resignation of a chief executive. But in the case of the global mining giant Rio Tinto, it seems they have shown Sebastian Jack is stepping down after an outcry over the destruction of sacred and archaeologically important aboriginal sites in western Australia. To ancient caves in pill Burwood blown up because they sat on top of millions of dollars of high grade on all well that sparked widespread condemnation from the shareholders and, indeed, the wider public. I've been speaking to Professor Marshall Langton. She's an aboriginal academic at the University of Melbourne. She's been telling me first of all why the sites was so significant. I thought the traditional property off a group of traditional Ainas in the Pilbara Everyone refers to the buy of the shorthand P k. K p So they are extremely important religious sites. They haven't had much of an opportunity to explain to the public why they are so important to them. Although they have been a few statements in the media. They've said that they had broken they regard. This is a tragedy for all of their people before the destruction, they wanted to take their young people to these sites. And they were also of deep on through biological. And while archaeological significance as well, when they yes. Oh, they found evidence that dates human occupation of these caves to 46,000 years ago. This is during the place to say this is, you know very early on in the history of human Occupation off this continent and, you know, travels across the globe. And then I found a human hair bills and they were able to extract and I the dyke I'm in at many, thousands of years, and the interesting thing about that discovery is that the present I traditional Ainas. Are the direct descendants of those people, They say areas where off world heritage status so our Rio Tinto able to destroy them in that, such for Arnold They applied some years ago to the western Australian government under the western Australian cultural heritage eject And the minister readily granted it to them because the state of Western Australia is entirely dependent on mining rules ease. And so as far as I know, no minister in the western Australian government has ever refused a mining company. P. K. K P people tried to object, but there's no right of appeal under the legislation once the ministers might a decision, how surprised are you then? That Rio Tinto's chief executive has resigned as he said they've bean many sites in the past that have been destroyed, with little consequence for for the mining companies. But not this time. Why is that? Well, there are two reasons. I'm the first one is that in the past the indigenous land use agreements were drafted in such a way that the traditional Ainas were able to be consulted regularly and have a sigh in their cultural heritage on mining leases and really tinto quite a few years ago. Had very good Ray Shane for implementing those agreements with the Aboriginal Tradition alliance. But what Jack has done in the years that he was CEO was got that staff workforce body of expertise. And culture off, you know, operating values, and he removed all of the experts eh removed the cultural values from the company. He removed the commitment to working closely with traditional Ainas to retain the the company's Social Lawson's too upright, And that is one of the primary reasons for the other negligence that has led to The destruction of the sites has there also being a sort of cultural change in Australia as regards to the protection of these sorts of places? Yes, so many sites have been protected both by mining companies and governments. And also, for instance, you will know that the old route was closed to climates last year, and there has been a community change. Under the reconciliation action plans devised by corporations, universities associations and approved by reconciliation, Australia. People might commitments to treat aboriginal people with respect and to trait average on people's cultures with respect. The destruction of the caves was like the blowing up the Buddha statue Aryan it's on that scale of cultural heritage destruction. And it's you know, quite shocking to may that that Jack and Nevan and soul spray who will resigned had no comprehension off the gravity of what they had

Rio Tinto Sebastian Jack Ainas Australia Chief Executive Professor Marshall Langton Pill Burwood Western Australia University Of Melbourne Aboriginal Tradition Alliance P. K. K P Ray Shane CEO Social Lawson Nevan
Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters

BBC World Service

01:02 min | 2 years ago

Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters

"The boss of the mining giant Rio Tinto. Jean Sebastien Jack is to resign after criticism of the company's destruction of sacred aboriginal sites. In May, the world's biggest iron or minor, destroyed two ancient caves in Pilbara, western Australia, despite the opposition of the Aboriginal community, the destruction of the juke engorged rock shelters sparked widespread condemnation of Rio Tinto from shareholders on the public. Sama Khalil is in Sydney. Most that they have done before. What happened today was at last month, They actually stripped thes three executives off their multi million dollar bonuses. And that has actually backfired, with many seeing. This was completely divorced from reality that cut the pay of already significantly highly paid executives. And of course, these are some of the most or worse. Should I say one of the most significant historical sites these dated back 46,000 years, so the history Is of a great significance. And so of course, is the loss.

Rio Tinto Jean Sebastien Jack Sama Khalil Pilbara Sydney Australia
"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 2 years ago

"rio tinto" Discussed on Bloomberg Radio New York

"We update markets every 15 minutes here on Bloomberg Daybreak Asia Asian stocks trading modestly lower this morning on continued concerns over valuations Earlier, heavy selling in technology stocks sent US shares to 1/4 loss in five days. Here in Asia, The losses are fairly modest. The Nikkei is flat to down 1/10 of 1%. The Cosby is trading off about 1/10 of a percent. It's a little bit more aggressive in Australia, the SX 200 is off 1.1%. Now the minor Rio Tinto says that its CEO Jean Sebastien Jack, will leave the company. It follows pressure from investors for the minor to respond more quickly to the destruction of ancient Aboriginal heritage sites in Australia. Stock is trading now down about 0.6% Rio Tinto says that process to identify a successor is underway earlier in the U. S session, Energy stocks were hit pretty hard. With the basic index down more than 3.5% X led the representing energy shares down 3.7%. And looking across some of the other sectors. Financials down as well down 1.4% H y G trading off about a half of 1% Oracle up after earnings pellet on gaining about 10% after it announced a high jump in revenues. A dollar is weaker. Dalian, one of 6 14. Okay, coming upon 19 minutes past the hour. That's an update on markets. Let's get you the latest muse with Ted Baxter in San Francisco. Ed. All right, Thank you. Brian. Tokyo confirms lowering of the Corona virus alert level, The governor says a loosening of restrictions on bars and restaurants on September 15th. Now this is this is a lowering of it by one level from the highest should say. Microsoft says Russian Chinese at Iranian hackers have stepped up efforts to disrupt the U. S election by targeting the campaigns of Donald Trump and Joe Biden. President Donald Trump has now reiterated that the U. S. Is doing very well against Cove in 19 compared with the rest of the world. And Mr Trump asked today. Why if Bob Woodward thought his downplaying of the Corona virus was so bad? The president asked. Why did he not reported when he heard it in February and then again in March. He also says he wants to portray calm, power and strength as president of the United States. Senate Democrats have blocked the skinny relief bill. UK European Union are heading for chaotic split without a new trade deal is talks have totally stall you give in the U..

President Donald Trump Rio Tinto Australia president Bloomberg Asia Dalian Jean Sebastien Jack Bob Woodward Cosby Ted Baxter Tokyo European Union San Francisco UK United States
Rio Tinto CEO to leave over destruction of Australian sites

Bloomberg Daybreak: Asia

00:20 sec | 2 years ago

Rio Tinto CEO to leave over destruction of Australian sites

"Rio Tinto says that its CEO Jean Sebastien Jack, will leave the company. It follows pressure from investors for the minor to respond more quickly to the destruction of ancient Aboriginal heritage sites in Australia. Stock is trading now down about 0.6% Rio Tinto says that process to identify a successor is underway

Rio Tinto Jean Sebastien Jack CEO Australia
"rio tinto" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:10 min | 2 years ago

"rio tinto" Discussed on WNYC 93.9 FM

"Coming to you live from London with James Kamar Asami. Now Three senior executives at the mining giant Rio Tinto have paid a price for the company's destruction of ancient aboriginal caves in western Australia, and that was despite fierce opposition from the local indigenous community. The caves themselves. Among the oldest historical sites in Australia may have bean priceless, but the company has put a figure on what it called a failure to respect local communities on their heritage. A total of around $5 million in bonuses. Patrick O'Leary is director of country needs people. It's an organization that works with aboriginal groups to manage land. Aboriginal, entire stride Island. PayPal's have many secrets, thoughts that are imbued JJ brought throughout the land Skype. This thought in particular is of incredible significance, not only to the people that a traditional owners of those caves but really as a record of human history. For the last 46,000 years, there's a demonstrated direct link between some artifacts found in those caves and the people that are living there today. Incredibly important, not only for the traditional line is but really for the Entire global story of human development on Earth. So when they were destroyed, how would you describe the feeling our time working with average plantar stride on communities in various some places around Australia for many, many years, and unfortunately there has been a litany of impacts and destruction of sacred sites. But outside this particular incident has struck a very significant note right across the country. So has this apology and the decision to Doc A few million dollars in bonuses from senior executives at Rio Tinto gone down. People are looking at this as a gesture, perhaps, but not something that I want to say in terms of significant change. I think people are looking for a lot more. The rial mark off. The response will be not so much from within the companies but in the regulatory system. And the industry's response to the strengthening of regulation both at the state and the federal level. In Australia. It's a week fable, a regulatory system, a system that's really stacked heavily against Aboriginal and Torres Strait Islanders people that is at fault here. Many people would argue that over the last 40 years, there's been significant industry influence on the designs. Off those regular true systems. We have wake systems in Australia for protecting cultural heritage. And that is fundamentally the problem. The problem lies with government and perhaps the ecosystem, which allows those industry desires around the weakness or strength of the system to predominate. How do you change that? There are many Aboriginal night of Toddle representative organizations coming together to really side that they've had enough of this, and I think it will bathe at public dialogue. In the end, it'll be the discussion in the public to mine, which is, you know, a product of any democracy will determine how this settles in the end, because certainly if it goes behind Closed doors and if it becomes simply a negotiation between our saliva, traditional Lina groups and very, very powerful companies in the industry, and it goes out of that public discussion. I think we won't say a very successful conclusion. But one would imagine that if the original community continues to apply pressure than there may be a result, you're not that impressed with This particular gesture. Does it at least help your case? Do you think it will? Actually, the fact that there's been this public putting up of the hands and docking of pay in this respect doesn't actually becomes something that you can use in the defense of Aboriginal sites like these. Some people have responded today, saying they want to see a lot more. It's Spain. One response in the face of the storm of both public outrage, and certainly a lot of Anger across the Aboriginal partners that way work with there's a palpable anger. And so I think, you know, it's part of the response. If it stops here, though, not much will change. And we can expect, if not something exactly the same, then a similar series of events going forward. Patrick O'Leary, director of country needs people, an organization that works with Aboriginal groups..

Australia Patrick O'Leary Rio Tinto director James Kamar Asami stride Island London PayPal Torres Strait Islanders JJ Spain representative
Rio Tinto docks CEO pay over destruction of ancient caves in Australia

BBC Newshour

02:36 min | 2 years ago

Rio Tinto docks CEO pay over destruction of ancient caves in Australia

"Executives at the mining giant Rio Tinto have paid a price for the company's destruction of ancient aboriginal caves in western Australia, and that was despite fierce opposition from the local indigenous community. The caves themselves. Among the oldest historical sites in Australia may have bean priceless, but the company has put a figure on what it called a failure to respect local communities on their heritage. A total of around $5 million in bonuses. Patrick O'Leary is director of country needs people. It's an organization that works with aboriginal groups to manage land. Aboriginal, entire stride Island. PayPal's have many secrets, thoughts that are imbued JJ brought throughout the land Skype. This thought in particular is of incredible significance, not only to the people that a traditional owners of those caves but really as a record of human history. For the last 46,000 years, there's a demonstrated direct link between some artifacts found in those caves and the people that are living there today. Incredibly important, not only for the traditional line is but really for the Entire global story of human development on Earth. So when they were destroyed, how would you describe the feeling our time working with average plantar stride on communities in various some places around Australia for many, many years, and unfortunately there has been a litany of impacts and destruction of sacred sites. But outside this particular incident has struck a very significant note right across the country. So has this apology and the decision to Doc A few million dollars in bonuses from senior executives at Rio Tinto gone down. People are looking at this as a gesture, perhaps, but not something that I want to say in terms of significant change. I think people are looking for a lot more. The rial mark off. The response will be not so much from within the companies but in the regulatory system. And the industry's response to the strengthening of regulation both at the state and the federal level. In Australia. It's a week fable, a regulatory system, a system that's really stacked heavily against Aboriginal and Torres Strait Islanders people that is at fault here. Many people would argue that over the last 40 years, there's been significant industry influence on the designs. Off those regular true systems. We have wake systems in Australia for protecting cultural heritage. And that is fundamentally the problem. The problem lies with government and perhaps the ecosystem, which allows those industry desires around the weakness or strength of the system to predominate. How do you change that?

Australia Rio Tinto Stride Island Patrick O'leary Torres Strait Islanders Paypal JJ Director
"rio tinto" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 2 years ago

"rio tinto" Discussed on Bloomberg Radio New York

"Take Thiss is Bloomberg Radio Noah Global News Update. In London. I'm taking a look at the markets is looking pretty makes, though most are in the money of the defensive and will do whatever it takes Rich. It's all that urging more fiscal stimulus, which has supported the markets for months. Now we're taking a look at the sea. I currently up to attend a 1% off The session highs that Blue medulla index pretty steady at a two year low on Powell's comments from in the euro to rally to a new hide this year and gold at 1983. Extending gains on haven demand the most severe crisis in our lifetime, says Powell. Gold up more than 10% In nine sessions. Take a look at specific benchmarks. Right now, The C S I 300 index down 1/3 off 1% doubt on the first day in four. We've seen a rebound in Chinese stocks, which accelerated even as 10 over remains below levels we saw earlier this month the hung sing up 8 10 toe 1% rising for 1/3 straight day. Never mind. But the Hong Kong economy contracted for fourth a straight quarter. The tax up by 9 10 to 1%. TSMC climbing along with attack, which is surging 8% in the P calm down 4/10 of 1%. Investors adopting a wait and see attitude, taking a look at some of the movies where Sam so higher by 3/10 of 1% of this 5% within an all time high, Nomura holding, searching by about 5% right now. Most in two months and Rio Tinto getting closer to building its iron mine in Guinea, currently trading higher by about 2% and we have run US. Yemen, by the way, is making a debut and up 43%. All right, let's look at the first word headlines. Hong Kong's economy contracted for 1/4 straight quarters the Corona virus protests in U. S. China Tensions extend the city's first recession in 10 years. You gotta be striked by 9% in the second quarter from a year ago. One more quarter of contraction will equal Hong Kong's longest ever recession. Unemployment rate has risen to a.

Hong Kong Powell Thiss Guinea London Rio Tinto Yemen TSMC Nomura Sam U. S.
US proposes $4 billion in potential additional tariffs over EU aircraft subsidies

Financial Issues

01:06 min | 3 years ago

US proposes $4 billion in potential additional tariffs over EU aircraft subsidies

"Percent this talk about Abbas's well over the U. S. proposing adding for terrorists to four billion dollars if you goods over this at best Boeing disputed we see any reaction the fez I just enough read the stock is down about zero point six percent it's quite interesting because actually this expanded list of goods that may be targeted with the US tariffs does not really directly affect our bus it's mostly food you know like cherries meat and pasta but it's definitely a reminder that there are still trade tensions between the EU and the US despite kind of the positive signals we saw out of G. twenty and so is definitely reminder that we could see more tensions coming up okay you also looking at mine is this morning final I know it's it's yesterday and today taking out a hundred and twenty dollars a ton right I am or has not you know the fresh five year high after supply disruptions in Brazil as well as a Strela of course gold is also rising today and we see that the basic resources sector in Europe is the best performing sector today kind of led by you to Rio Tinto Glencore in

Abbas Boeing United States EU Brazil Europe Rio Tinto Glencore Four Billion Dollars Twenty Dollars Six Percent Five Year
"rio tinto" Discussed on X96

X96

03:31 min | 3 years ago

"rio tinto" Discussed on X96

"Healthcare that needs support for housing needs senior housing. And I think radio from hell can be that vehicle that while it's humor or having fun. We're also very committed to a point of view that society has to be progressive and inclusive. Thank you for carrying it point of view four pleasure. Tomorrow will be with you again. We'll be out at Rio Tinto there's a big sale at the team store. That's true. We do need to move that merchandise. This contract is not cheap anywhere. I can save a dollar and bring it in. I, I can guarantee your wages. More thoroughly? We're helping to help all of those helpful do contribute to the wage the ability to pay the way. But it it's I just wanted to know it's a really honor for me to be able to claim the affiliation with the three of you in the program that you've built in and truly owning your heart. It's not just grabbing the program, you believe in something that to keep three partners together for any length of time is amazing and the three of you have created a partnership, that's on candy and radio. We've all been together longer than we've been married to anybody. That's great. Well, hey, I wanna thank you for the time today and look forward to three more years of challenging the status quo. Keeping me as close to the FCC reporting, as you can get without. Calling me. Okay. We'll try just making sure that as we see things in society that can be better. We're going to champion. Absolutely. Right. And that should be the match for that we go forward with, you know, the radio from health program, and I'm just grateful to be with you. Thank you. Thank you, sir. Thank you. Cave on the, the man, you're we today, we couldn't have done a lot of this without cave on. We could have been a lot harder too much credit. But happy birthday to cave on the CEO this the, the manager, the guy who runs the job in as radio transforms in how we use it in a digital society cave on been really good helping happy birthday cake. Thank you. All right. We will take a break. We'll come back with a reasonable amount of news, and Boehner fights and all of that. So standby took the proclamation with him. I get that. You know. All right. Game income. Yes. Who has cut? I thought you had I don't I know it's well we can talk about Brooklyn. And instead if you'd like. I don't know. I, I don't have that Brooklyn dot com. The promo code is Jackson. That's how you get the deal. I'm going to tell you about. And I love my Brooklyn and sheets. And now the warmer weather is here. Maybe it's time to switch up your sheets and do vase is something a little bit more breezy lightweight soft. It's in the title. The newest linen collection, beautiful assortment of colors Brooklyn's got thirty five thousand plus five star reviews. More than any other online betting company, half a million happy sleepers and counting. They are just terrific. Yeah. It's in their name. So you know what's good Brooklyn's newest Linden collection. It's amazing. You couldn't recommend their products. More for graduates. Newlyweds friends family treating yourself two bedroom. Upgrade.

Brooklyn Rio Tinto FCC CEO Jackson Boehner
"rio tinto" Discussed on X96

X96

02:21 min | 3 years ago

"rio tinto" Discussed on X96

"I don't I don't need it any good. Time you can make 'cause. You can just throw that away. I'm done with a view review of place. Placenta griffey. Placenta foggy. That means the consume of consumption of human placentas show. There is no significant health benefit, and it may actually cause harm to eat human placenta don't have made into jewelry there. No, we end its cord blood. We have cord blood. Currently there is no strong evidence to suggest the pool subtle consumptions beneficial at all the human health scientific research shows there is both potential documented harm associated with consumption of placenta. That's usually because they don't they don't cook. It thoroughly you got has to have an internal temperature of one hundred forty degrees that thermometer, you need your placenta thermometer people like dogs. Do it. We'll dog see their own poop too. Well. Incidently here. Boop. They say who are who suffer from pump regime that is eating their own poop. It's not health. No back because it may people eat drink their own P to for your body expels things for reasons I'm done with this. You may think placenta good. But you haven't had. The way I jerked placenta. Let me tell you we bottle it. Yeah. Bottle him. All right. Save it for a rainy day. Sports weather traffic. Yes. So today, you've got the Utah royals playing Chicago red stars. That's Rio Tinto stadium. That is a seven thirty kickoff. Tomorrow, the monarchs or playing a home game that one and then real Salt Lake, of course, it's may the fourth. So it's Star Wars day at real Salt Lake. They're playing the Portland timbers, and we've got a giveaway associated with this. You had X ninety six dot com for your chance to win four tickets to the oursel- Portland game. You'll be staying in the Ford zone, which is the special section at Rio Tinto where you get concessions while you're there, I think it's hot dogs and drinks that kind of thing. And then you'll also get a limited edition Star.

Rio Tinto stadium Salt Lake Rio Tinto Portland Utah Chicago one hundred forty degrees
Iron ore prices rise after miners cut output forecasts

Bloomberg Daybreak: Europe

00:32 sec | 3 years ago

Iron ore prices rise after miners cut output forecasts

"So I was just talking about commodities. I didn't mention iron ore. I've saved it for you talk us through what's going on. And how it might play through with the miners. Very exciting. Yes. There's been a surge in iron ore. And we are watching European miners were watching HP this morning, which is unfortunately, barely moving. It's. Dan's your point to Rio Tinto is also trading little change. So the news there is several really bullish drivers like Brazil detailing a collapse in exports in March and beach P group flagging lower output after cyclone. So let's keep watching

Rio Tinto Brazil HP DAN
"rio tinto" Discussed on WAFS Biz 1190

WAFS Biz 1190

09:29 min | 3 years ago

"rio tinto" Discussed on WAFS Biz 1190

"It's been deal after earning com. Two percent from a year earlier, which was more than estimated. Now, what helped Rio Tinto during this period is that, you know, commodity prices were were steady at least the volumes and materials like iron ore were higher and also asset sales also helped the company a lot and today. No surprise. We are seeing Rio Tinto up about one point five percent today or at the same time. Itv's stocks are down run about one and a half percent took us through the stock. I mentioned it a little bit earlier. Right. I mean itv's set it expects total ad revenue to fall by between three percent and four percent in the first four months of two thousand nineteen. Of course, it's probably no surprise that. It is a worsening market. I mean after all, you know, people are watching Netflix and less TV and at the same time, the shadow of Brexit is on everything as the IT CEO said. And so we we are seeing itv's shares down about a little bit more than one percent in London today. All right, mocks insp-. Spencer. We're still waiting for an opening figure that right at least on my tongue and all this morning. What's the knees flow? Right. I mean, Marxist Spencer has announced that it will form a joint venture with oh KADO agreeing to pay about seven hundred and fifty million pounds for a fifty percent stake in the partnership, and it has said that it will finance the steel by a rights issue to raise as much as six hundred million pounds. And we just got the move out of marks and Spencer, and is pretty dreadful. It's down almost ten percent. Whereas Okada is up seven percent in the UK. All right. So that's what's taking place in the retail space justina Lee, thanks so much for joining us this morning. I just want to mention a couple of stocks said then FRANZ Callum being the main lighter of the stock six hundred it is down by almost ten percent. It was just actually overtaken by metro metro Bank down twelve and a half percent. Of course, we've had some knee slow regarding metro Bank. Beiersdorf also falling ten percent on Xetra. This says the company has unveiled an investment plan. So lots of different stories to take into account this morning. Just sitting down next to me is narrow chayhitch back from Westminster. Yes, back in from the cold. Of course, we're doing the coverage for TV all day from Westminster dot navy takes us onto our top story. I'm looking euro-sterling right now is down for a four day yesterday. We saw that a two year low while cable, of course, hit a September high. Here's why Theresa May has bolt off rebels in her cabinet by promising votes to rule out a no deal Brexit and delayed the UK's exit from the European Union. Bloomberg's Alex Morales reports. The premier told lawmakers in parliament on Tuesday that shoe continue tends to reach a deal in Brussels. So that you can leave his planned on March the twenty ninth she hopes to put that to. Vote in the house of Commons by March the twelfth. And if that's rejected a vote followed by March the thirteenth, I'm whether to rule out no deal. And if lawmakers do that they'll get a vote on a short extension to Britain's E U membership the concessions appear to have won over rebellious ministers who were now likely to support the premier in a vote on her stress Jim Wednesday in London, Alex Morales. Bloomberg daybreak Europe this morning, Rosa digesting, Jerome Powell set testimony to the US congress in US lawmakers. The fed chief said that various issues gave officials reason to take a patient approach to future interest rate changes when they met in January he was giving testimony then to the Senate banking committee, while we view current economic conditions as healthy and economic outlook is favourable over the past few months. We have seen some cross-currents and conflicting signals financial markets. Have become more volatile toward year end and financial conditions are now less abortive of growth than they were earlier last year. No thought Jerome Powell. To December's market volatility before talking about economic fundamentals Bloomberg opinion columnist Robert Burgess that rights it's as clear as signaling that the Fed's top priorities preventing another plunge in the stock market. So an interesting line to take into account and digest this morning. Yeah. But interestingly the S and P five hundred didn't rally significantly. I mean, we ended the session actually ever so slightly in the red. I know we've talked about the paddle put before. But I wonder whether that is starting to be actually properly priced into equity markets now because it was the bomb markets that mood I in really pricing at fed hikes for this year has the equity market got to fully pricing in the Powell and how much more upside can we get any more comments around a fed pause. Let's also talk a little bit about global growth. This is Goldman Sachs says the global economy may have already bottomed out with the bank's current activity indicates a slightly higher the numbers for December and January chief economist John hot CEOs. Says growth remains soft, but there are signs of green shoots emerging. But P Morgan is a little bit less optimistic perhaps with CO Tamie diamond saying he is readying the Bank for downtown risks. Were you are prepared for a recession? I warned that things that came across the tape saying the shape Maury preparing for recession that we're not predicting a recession. We're simply pointing out that we are very conscious about the risks. We bears company. So that was JP-morgan's. Ceo, Jamie, Dimon prepare for the worst hope for the best. Perhaps. That's the attitude over at P Morgan, look, I talked about how we didn't get much for reaction US equity markets to Powell as well, you know, maybe that was just because we didn't hear that much new from him as well. And it takes me onto US futures. I said that we saw US stocks close ever so slightly in the red yesterday. We had some disruption to the futures earlier technical error CME prompted a lengthy trading halt to the world's last exchange operator it temporarily halted the buying and selling of contracts to treasuries stock futures and commodities so that obviously affected WTI futures as well it hit a slew of markets from eurodollars to metals grains, oil and gas trading reopened about three hours off creek. Stop. Let me give you an update on some of those markets. US futures are more on the back foot now s and p futures off by almost two tenths of a percent same as NASDAQ futures are the ten year treasury yield is barely budging on a to sixty three hundred. And taking a look at WTI. Well, of course, Brent kept trading WTI up seven tenths of a percent. Fifty five spot eighty nine that on US inventories data and some signs from Russia around output. Now, I just want to mention one more stock here in the opening minutes of the session. Ted baker's shares falling as much as seventeen percent after warning of adverse prophet impacts. Just looking at the stock. Now a couple of minutes after that headline is down by thirteen point seven five percent. So that's the latest when it comes to the stock market open and some individual stocks that we're watching for you. Let's get some more headlines from around the world. Let's also to Leon GARRETT'S good morning, Markus Pakistan, says its fighter jets how stock at targets incite Indian-controlled. Kashmir. His spokesman says the country's devotional down to Indiana graft inside Pakistan, and has arrested a pilot. This comes a day off to Indian jets reportedly bombed a terrorist training camp in Pakistan. These latest moves ramp up tensions between the new nuclear between the two nuclear powers. However, Pakistan's military spokesman and chief Khufu says he doesn't want war with India. Trump is urging North Korea's leader to give up his nuclear weapons ahead of their meeting later saying the country would be thriving very quickly. The US president is meeting Kim, Jon Onen Vietnam for second round of talks. He's tweeted to say, the potential outcome is awesome. Trump speaking during discussions with the Vietnamese president and has signed them for hosting the event, we both felt very good about having this very important summit in Vietnam. Because you really are an example is what can happen with good thinking. Hopefully, great things will happen later on with our meeting and in Iran, president Hassan Ruhani has rejected the resignation of the country's foreign minister Ronnie says that Javid Sirri is on the frontline off resisting pressure from the US. So the resignation isn't in the nation's interests Sharif's resignation highlighted the standoff between moderate arraigned politicians and hardliners. He want. More aggressive foreign policy cable news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm John guarantees. This is Bloomberg Nara Leon. Thank you so much. Now, here's a look at what you should be watching today today, the EU puts out country reports for how well different countries are doing in areas of a socio economics key reviews to look out for Greece. Italy, France and Germany and at three thirty pm Powell testifies to the house banking committee. It is the second of two days on Capitol Hill for the fed chief now start ahead on Bloomberg daybreak. Europe Rio Tinto has announced a four billion dollars special dividend after reporting a beat on full year results, we can dig into the miners numbers next this as the stock is higher in London. Trading by run about one point four percent to a certain extent going the grain as the Footsie-100 is under pressure this morning down by about.

US Jerome Powell Bloomberg London Itv Fed Rio Tinto European Union UK Alex Morales Spencer CEO president Pakistan Bloomberg Nara Leon John hot Trump Europe Rio Tinto
UNSW Sydney engineers want to mine water on the moon

SpaceTime with Stuart Gary

10:21 min | 3 years ago

UNSW Sydney engineers want to mine water on the moon

"New ustralian project underway to mine. Water on the moon for conversion into rocket fuel. It'll stems because one of the biggest problems with spaceflight at least chemically powered space lot. Like, we use here on earth is the cost of transporting the few needed for the journey. So wouldn't it be great? If you any knitted enough, you'll to get you there and then fill up again for the return journey and that fuel would be plain old water or the most common molecules in the universe. And there's plenty of it on the moon frozen. His eyes on the permanently shadowed flows of polar impact craters which never exposed to Rick. Sunlight what a molecules of also that ticket in the thin lays of gas flooding just above the lunar surface. Of course, water in the chemically related hydroxyl group can also exist in forms out of the normal water molecules by being chemically bound as hydrates hydroxides Telent minerals, and this strong evidence suggesting that low concentrations of these hydrates hydroxides cover much of the Luna. Surface finding water in the moon's important firstly astronauts can drink it that can break down to oxygen and hydrogen use the oxygen for breathing. And of course, the oxygen and hydrogen constituents are also the ingredients of rocket fuel making rocket fuel out of water on the moon would significantly cut down the cost of carrying out space missions now professor Andrew Dempster and colleagues from the university of New South Wales. I looking at the commercial viability of mining water on the moon to produce that rocket fuel Dempster believes a strategy is uniquely placed the covets out a niche in the global space industry by exploiting its position of strength in mining expertise to office mining. He says Austrailia hasn't natural advantage. It already has the world's best mining research technology in automation, tools, and the planet's largest mining companies the major deterred for industry involvement is being the lack of understanding of the commercial viability associated with this type of project, and of course, the besieged investment risk profile of mining Dempster and colleagues. Want to create the engineering machinery mining methods energy resources and communications required to make such operations viable. Hey says while commercial mining operations of the moon still decades way given sufficient funding his team could be just five to ten years away from politics a water mining proof of concept operation on the lunar surface any settlement that happens on the moon would need waterfall source of purposes, if people that would consume it fuel growing plants, you grow them, but most of the applications we looking at for water, the moon would be before settlement happens. And so most of this would just be purely robotic exercise so things like if you can produce the water you can separate it out into hydrogen oxygen. You can then use it as fuel. So you could input that rocket fuel in orbit around the moon or or run the summed. And so if you only way MAs you could refuel away, you know, the reason why that's interesting is or sensible is that it costs limit about ten thousand dollars peculiar to get something into Lewis ov-, it if you. Can create your water. Listen ten thousand dollars a kilogram. You've got a business sorta to do this. I guess they're very side as I gonna melt the water in situ, are you going to extract it as rock rock as regular minds would or are you looking at extracted out of the brick here on the moon liquid? It doesn't exist. There's not enough pressure. Only sort of two types of what do exist as a solid on spending. It will if you hate it out. It would immediately become guests. It will sublime drinking against solely because of lack of Prussia. So what you need to be able to do is not only to heat the ons, but you need to be able to capture and stored in personalized why tunes into a liquid all sorts of technologies that are around try and do this one of them's of build say bubble of the top of the the regular, which is the the soil, and you could apply to it. And you can expect a water in that way. And then gathered together into a container pressurize it separated into the Hudson oxygen the technologies being looked at to achieve. This they being experimented with. Now. You more interested in this. Or are you more interested in the actual robotic the autonomous vehicles that will be doing the extraction? And then processing we'll we have reward Ryan interests. We have students looking at the of this issue. How you might to environmental impact statement. How you as you come up with business cases, and you can close them which mining message. What used to extract to to get the rock into a state where you can convert the the water admission does on how you look at the whole mission where you the resources where you'd want to land. How you power the robots so run across the range of research, topics. We'd looking at or base things basics already looking at missions to examine the feasability of mining at the Luna south pole is this something you want to get on board with or you guys looking at it totally independent approach we hoping to with whatever Papa so whoever would love to wick with their various companies seventy nine them, but some of the lodge inch. National spice companies have very strong interesting strategy at the moment, probably because we sit up out spice agency last year. But also just because the spice industry Hughes growing very rapidly. Regardless of anything to do with the agency we've gone from having to spice startup companies five years ago, having one hundred now it's a really exciting place to be looking at spice, and that's tracking bit of interest. For somebody's international palms. Visit logic to examining mining as in each four spell you. We have the largest mining companies advice team who pays in Rio Tinto's of this world. We have the best mining researches in the world Hugh money engine eating, and we have the strongest mine or am I shouldn't. So those months up in north western strategy with around people in the minds. Leaping up ready for number of years now and successful with automated trains to and they like fifty thousand Tom transit the little things. No, none. But to some extent the the degree of automation of those months at the moon. And is not enough to spice. So by that. I mean, there's still a favorite of communication between a mind and the the headquarters and one of the things that I'm personally quite interested in is the trade off between much communication bend. We'd see need and how tournaments the robots have to be much decision making that can do by themselves without having an intervention from the headquarters. So I think there's a lot of little research to be done there as well. And you really can pay Monte on a to extraterrestrial mining considering the distances the different sorts of environments and especially on the moon with dust play such an important role, the capacities probably more straightforward than you might think the stages that you go through what mining engineers coal exploration. And what Lyman would call like people would go prospecting like would prospecting. But when you talk about exploration and spice that means something else. So we need to come up with some language consisted. But that stays the prospecting style. Edge, the feasibility stage than his mining this transport, and this delivery to a customer a lot of that. Brian Wook exists ready for mines and a lot of the big money companies would understand how you about putting together an argument for for or how you structure it that we are not though talking about driving with trucks with ties twice the height of the person, and I sort of things it would be quite different mechanics, but at the high level, it looks very similar at the low level looks quite different. When you talk about the dust on the moon, bigger problem. That's absolutely the case very haunting reliable Queant l'agence is one of the things that is very important the Trishul money even moso in spice because you can't seem to post a long to go and and fix your robot for you. But when I talk about mining in a very remote place, like the moon, the challenges quite similar to for instance, moaning in the deep sea in the deep oceans, so because again, it has to be very remote, disagree of autonomy era environmental challenges. Is that different challenges? But it's it's still the same general problem. So I think we've got a lot of people working on some of those problems already. And I think if we were to start looking at money and spice, we could then be learning lessons that we could apply on the United States already looking at a success to the national space station in the form of and you space station, which would be one of the Legrand's positions between the earth and the moon. So it'll always sort of remain the opening the middle sort of always remain that position. And that would be a jump off point for regular excursions explorations, prospecting, whatever you wanna call it to the lunar surface. I believe that's why some of the first mining techniques of an extraterrestrial nature gonna be let it in practice yet. Yeah. Wasn't gonna mention on the grounds point to that point on that. That's actually according more like to deliver the fuels to those those points. And yes, we getting quite a lot of interest in the US ninety nine potholes than they would like to deliver payloads onto the Luda surface. Europe has been very active in their moon village China as landed in arrive Rome fossil. So there's there's a lot of intimacy interest in authentic. We have being too out there to be joining in on what time line is is they won. Or is that in terms of developing the technology, which obviously you got to be doing here on us is there at Tom line for that. Or is that too early in the process to to look at things, I think in terms of polio relation commercial operation between talking dick by the need putting in of proving the technologies to make that possible. I think missions can be put together now to start doing that part of what we're interested in stubby was really only examining technologies that apart of a close business. So if you say, this is entirely commercially useful, this technology, then we'll study that one example was we had a student who has growth Jet Propulsion Laboratory, we've had students have placements over the as part of this program. And it was listening at a MAs settlement. And one of these early findings was if. We used this particular technology, and they were forty people in settlement thirty six of them would have to be writing this. And so clearly that's feasible, and those are the sorts of things you wanna knock on the head before you start testing them on on the surface. If they never going to be useful. So a lot of work has to be done the head of time to make sure that what you're doing is going to be useful in the long run. That's professor Andrew Dempster from the university of New South

Andrew Dempster Professor United States Austrailia Rick Prussia Jet Propulsion Laboratory University Of New South Wales Lewis Rio Tinto Europe Ryan Papa TOM Hugh Queant L'agence Brian Wook Lyman Monte University Of New South
Glencore vows to cap global coal production 

Bloomberg Daybreak

01:47 min | 3 years ago

Glencore vows to cap global coal production 

"And Jen I love the first line of David Fickling piece this morning on Glencore at to Glencore. He's focused on a potential dark cloud for the coal market from the world's biggest commodity trader. Yeah. I mean, it was really only a few months ago that it was promoting coal as a viable part of global emissions reducing plans. I mean, whatever you think about that strategy at any rate, it's not change in. So now it's promising to cap production for the foreseeable future at around current levels, which is one hundred and forty five metric tons a year. I mean, the move is pretty striking because it makes up the biggest slice of Glen courts profits in two thousand eighteen and. The company is actually one of the few diversified Niners. That is proudly committed to coal. Yeah. So what's behind this sudden shift? Well, one factor. Must surely is that major investors are really putting more and more pressure on companies to back away from the dirtiest emissions. So I mean, just to give you some numbers here institutions with six point two trillion dollars in assets have already committed to diversify away from fossil fuels and this is figuring into the chair. So does this mean that Glencore is getting out of coal completely not at all? I mean, thanks to its investment in Rio. Tinto's minds north of Sydney in two thousand seventeen it's still likely to be turning coal out. For decades, the plan put cap could be maintained well into the twenty thirties merely just by building out. Its current undeveloped projects still Fickling says is that the announcement gives us another clue as to how cold could conceivably decline in the coming years. It's going to come to a sudden end where prices have traded set forth permanently below marginal cost. But instead what we're more likely to see his death by. Thousand cuts. Yeah. I guess we can get into the question of whether Cole is a viable part of global emissions reduction plans to leave that for

Glencore David Fickling Jen I Cole Tinto RIO Sydney Forty Five Metric Tons Two Trillion Dollars
Rio Tinto sees further rise in exports this year

Bloomberg Daybreak: Europe

00:42 sec | 3 years ago

Rio Tinto sees further rise in exports this year

"Meanwhile, Rio Tinto reported a full year iron ore production in line with expectations as Bloomberg's Paul Allen reports. The mining giant is unconcerned about any slowdown in Chinese demand. Reedit toys these ownership is rising as much as three and a half percent in two thousand nineteen to eight potential three hundred and fifty million tonnes. That's after reporting full gear production in line with gardens for two thousand eighteen on or is Rio. Tinto's biggest product and China its biggest customer reading Rio more than forty percent of its revenue Chinese imports slipped last year for the first time since twenty ten but Rio Tinto expects smaller. Love equality produces to be the victims of any further easing and

Rio Tinto RIO Paul Allen Bloomberg China Fifty Million Tonnes Forty Percent
Bloomberg, China and Ed Corry Bloomberg discussed on Bloomberg Markets

Bloomberg Markets

02:44 min | 4 years ago

Bloomberg, China and Ed Corry Bloomberg discussed on Bloomberg Markets

"More than two hundred unmarked graves near a cemetery, it's, believed they belong to slaves very thereafter Eighteen fifty nine. Global news twenty four hours a day this is Bloomberg thanks Martin. Now with our other top stories I'm Joe Snyder tesla is going to ramp up production in the world's fastest growing auto market Bloomberg has learned the electric car company plans to spend five billion dollars building a factory, in China tesla may. Look, to, China for part of the funding the, company is under fire from investors for. Burning through cash the world's second. Largest. Mining company wants to keep boosting cash returns Rio Tinto raised its dividend payment. By fifteen percent to a record high it also increased a share buyback program by a billion dollars and approved plans to hand investors about four billion dollars of proceeds from developments Rio Tinto CEO John Sebastian, Jacques tells Bloomberg the trade conflict between US, and China has not had an. Impact on his company the outlook is pretty positive emotion to. China is a SaaS we see it and remember we have medical entry points in relation to. China we sitting I know we sing folks Side we see in copper and so on so forth today it's absolutely. Clear that. The economy. Is slowing down as expected as forecast here's a report that Google is preparing to launch a censored. Version of its search engine. In China according to the news. Outlived the intercept the search apple block terms and results that Beijing considers sensitive. Google services, are largely blocked in China Facebook, is unveiling a tool to tell users when it's time to stop scrolling Bloomberg's Ed Corry has details Tech giant's faced growing criticism regarding the addictive nature of their product Facebook and it's photo sharing app Instagram or adding controls to help people measure how much time they're spending on the site's users can. Also mutant notifications for a certain period of time or receive alerts when they've been scrolling for too long this follows concerns from mental health experts in industry critics about internet and device addiction in June apple introduced screen. Time which shows how much time users are. Spending on, apps and how often they pick up their iphones Google announced similar controls. In may Ed Corry Bloomberg radio Hedge fund manager David Einhorn says he still a believer in value investing but he admits second quarter results his greenlight capital were, far, worse than he could have, imagined, green lights main fund is now down more than nineteen percent for the year US manufacturing growth slowed by more than expected last month a gauge of new orders fell to its lowest level in more. Than a year managers responding to the survey were overwhelmingly concerned about how tariffs and retaliatory actions will affect their business coming up the drive to the close I'm chill Snyder this is Bloomberg adopt US kids presents there..

Bloomberg China Ed Corry Bloomberg Google Joe Snyder Tesla United States Rio Tinto Apple Facebook David Einhorn Martin Ed Corry Beijing John Sebastian Fund Manager Instagram CEO
Facebook unveils tools to tell users when to stop scrolling

Politics, Policy, Power and Law

02:39 min | 4 years ago

Facebook unveils tools to tell users when to stop scrolling

"More than twenty seven, hundred journalists and analysts in more than one hundred twenty countries I'm Nancy Lyons Thanks Nancy now with our other top stories I'm Julie Hyman, Volkswagen warns that it will take a Titanic effort to, meet its profit goals this year the world's largest automaker is going up against trade tensions, and stricter emissions rules put in, place after the cheating scandal tariffs could especially hurt VW's. Main profit centers the Audi and Porsche brands the automakers profits jumped twenty three percent in the second quarter the world's second largest mining company wants to keep boosting cash returns Rio Tinto raised its. Dividend payment by fifteen percent to a record high. It, also, increased a share buyback program by a billion dollars and approved plans to, hand investors about four billion. Dollars of proceeds from divest -ment Rio Tinto CEO John Sebastian Jok told Bloomberg the, trade conflict between the US and China has had no impact on his company cookies pretty positive direction to China is so as we see it and remember we. Have multiple entry In relation to China we sitting I, know we saying folks I. We, sing copper so and so, forth today it's. Absolutely clear that the economy is slowing down as expected as focused shears of. Cheesecake factory, fell today by the most in nineteen years the restaurant chain posted second quarter earnings that missed. Estimates it also cut, its full year profit forecast rising minimum wages. And overtime costs have cut, into cheesecake factory's margins Facebook is unveiling a tool to tell. Us when it's time to stop scrolling Bloomberg's Ed Corry has details tech giants have faced growing criticism regarding the addictive nature of their product. Facebook and it's photo sharing app Instagram or adding controls to help people measure how much time they're spending on the site's users can also mutant notifications for a, certain period of time or receive alerts when they've been scrolling for too long this follows concerns from mental health experts. In industry critics about internet and. Device addiction in June apple introduced screen, time which shows how Much time users spending on apps and how often they pick up their iphones Google announced similar controls in may Ed, Corry Bloomberg radio US manufacturing growth slowed by more than expected last month a gauge of new orders fell to its lowest level in more than a year managers responding to the survey were. Overwhelmingly concerned about how tariffs and retaliatory actions. Will affect their. Businesses coming up a preview of the fed decision happening in, sixteen minutes follow it live right here on Bloomberg. Radio I'm Julie Hyman this is. Bloomberg a.

Bloomberg Rio Tinto Julie Hyman United States China Nancy Lyons Facebook Ed Corry Volkswagen Audi FED Porsche John Sebastian Jok Instagram CEO Apple Google Twenty Three Percent Billion Dollars Fifteen Percent
Apple launches $300 million green energy fund in China

Bloomberg Markets

01:05 min | 4 years ago

Apple launches $300 million green energy fund in China

"Quickly threatening a recession that chairman jerome powell present the information to congress next week according to reports pal has said the economy is it really good place adrienne mitchell bloombergradio goldman sachs and blackstone group of taken a minority stake in private equity firm francisco partners terms of the transaction were not disclosed but lemberg has learned that u investors will hold less than ten percent interest francisco is a tech focused firm that has invested in more than two hundred companies since its founding in nineteen ninety nine apple the iphone maker has upped its environmental efforts in asia bloomberg's courtney donohoe has more apple announced at three hundred million dollar fund to promote clean energy in china the company wants to boost the use of renewable energy and its supply chain which is primarily spread across the country apple and ten of its key suppliers and partners will contribute to the fund over the next four years deutchebanks asset management arm will manage and invest in the fund earlier this year apple also helped aluminum suppliers alcoa and rio tinto start developing a new technology that eliminates greenhouse gas emissions during production that.

Rio Tinto Asia Francisco Partners Adrienne Mitchell Congress Chairman Alcoa Jerome Powell Courtney Donohoe Bloomberg Apple Francisco Lemberg Blackstone Group Goldman Sachs Three Hundred Million Dollar
Apple is spending millions to clean up China's environment

Politics, Policy, Power and Law

00:59 sec | 4 years ago

Apple is spending millions to clean up China's environment

"Threatening a recession that chairman jerome powell present the information to congress next week according to reports pal has said the economy isn't a really good place adrienne mitchell bloombergradio oil is poised for its biggest weekly loss and almost five months new york futures plunge almost five percent to speak trade tensions between the us and china rattled investors and libya's plans to boost production quelled some fears of a supply crunch apple the iphone maker has upped its environmental efforts in asia bloomberg's courtney donohoe has the story apple announced a three hundred million dollar fund to promote clean energy in china the company wants to boost the use of renewable energy in its supply chain which is primarily spread across the country apple and ten of its key suppliers and partners will contribute to the fund over the next four years deutchebanks asset management are more manage and invest in the fund earlier this year apple also helped aluminum suppliers alcoa and rio tinto start developing.

Rio Tinto Asia York Adrienne Mitchell Bloombergrad Congress Chairman Alcoa Jerome Powell Apple Courtney Donohoe Bloomberg Libya China United States Three Hundred Million Dollar Five Percent Five Months
Frank Lubar, Delta Airlines and Jetblue discussed on Morning Show with Sean and Frank

Morning Show with Sean and Frank

00:55 sec | 4 years ago

Frank Lubar, Delta Airlines and Jetblue discussed on Morning Show with Sean and Frank

"Seven i'm frank lubar six eighty wcbs news from the fox business network delta airlines is reporting a better than expected spring quarter it's also raising its quarterly dividend fuel prices are higher delta says it has seen early success in addressing those higher prices jetblue and budget european airline norwegian are both also reporting increased business this spring merger news arizona's based mining company freeport mcmoran is fine the copper mine business from rio tinto it's paying three and a half billion dollars twitter says most users will only lose four or fewer followers now that it has removed accounts that we're flagged for suspicious activity though popular twitter feeds including those from celebrities will lose more the dow was down two hundred nineteen on wednesday nasdaq up forty two the s and p lost.

Frank Lubar Delta Airlines Jetblue Arizona Freeport Mcmoran Rio Tinto Twitter Billion Dollars
Founder And Chairman, China and Tiger Global discussed on Politics, Policy, Power and Law

Politics, Policy, Power and Law

02:16 min | 4 years ago

Founder And Chairman, China and Tiger Global discussed on Politics, Policy, Power and Law

"I'm media agency working with papa john's international has decided to cut ties after the pizza makers founder and chairman john schnatter allegedly used a racial slur and graphic descriptions of violence against minorities on a conference call this according to forbes papa john's and the agency laundry service did not immediately respond to requests for comment shares of papa john's refuses ticker peasy as pizza laura now by two point nine percent tendered on one thirty second looking at a yield of two point eight five percent gold is down eight tenths of one percent twelve forty four the ons west texas enemy eightyeight crew tumbling three percent now seventy one ninety one for wti bread also lower by four by four percent seventy five sixty nine for a barrel of brent it is one oh two on wall street and that means one thing it is time now for the market driver's report with a focus on american depository receipts here is dave wilson thanks charlie eighty yards or falling more than us shares the s and p a r index is down one point seven percent while the sp five hundred's lower by six tenths of a percent eighty ours of mining companies are lower after the trump administration announced those plans to expand tariffs on chinese imports australia's be hp billiton has lost four point four percent switzerland's glencore has lost a five point six percent and uk based rio tinto has dropped four point seven percent turkish adr's are lower amid a plunge in the country's currency the lira among banks you've got guaranteed down nine point six percent and act bank down eight point nine percent industrial company koch holding is down nine percent japan's softbank group has risen two point two percent person with knowledge in the matter said the hedge fund tiger global has invested more than a billion dollars in the internet company a representative for tiger global declined to comment and china's new oriental education has gained one point one percent people now said the company plans an initial public offering in hong kong for an online learning unit called cool learn dot com charlie alright a store who were watching we thank you very much.

Founder And Chairman China Tiger Global Koch Rio Tinto UK HP Australia Dave Wilson Papa John Hong Kong Representative Softbank Group Japan Glencore Switzerland John Schnatter Nine Percent Seven Percent Four Percent
Markets Update

Bloomberg Daybreak: Europe

01:43 min | 4 years ago

Markets Update

"Morning six tenths of a percent the footsie100 up a quarter of one percent the cac karen six tenths of a percent higher xetra dax up three tenths of a percent really this follows from strong session in asia asia pacific was up by one point two percent by the close at the chinese market hong kong market and the japanese market fooling pretty strongly in fact the chinese company shanghai compensate up by nearly two and a half percents by the end of the trading day we've got here in europe some of the mining still doing quite well rio tinto at one point three percents anti fa and cavs minerals up by more than two percent hp also percents say strengthen the copper price and strength in the mining sector seems to be one of the themes of this morning we'll the air franz komo by more than seven percent this morning david pulled you some traffic stats over the last few hours or say in other assets the dollar a little weak of this morning in fact that weakening trend for the dollar has gained momentum through the morning we down by two tenths of a percent on the other side the pound is high at the pound is high up by half a percent in european trade is little sluggish during the asian session on the back of the resignation of david davis the practice secretary we've yet to hear about who his replacement will be but at the moment it doesn't look like a leadership challenge each plant currently and therefore we see the pound continuing it said trajectory higher that we saw on friday so that's a quick look at the fx

Bloomberg Markets BJ Management Accountant Senior Vice President And Cont Advil