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Is It Worth Flying to Rio? Probably and Here's Why

Hello Share Thrashers. I’ve not commended Rio Tinto (RIO) to you before but I think it’s become worth a look. Unlike many jumbo miners, this outfit has a keen eye on future trends. And, if ever there was a strong trend that’ll climb even stronger, it’s the increasing support for green types of energy. To this end, Rio seems like an unlikely contender. But not so.

Mega company Wednesday excitement – Rio Tinto and Lloyds Banking Group

Whilst I am sure many of you have rolled from eating pancakes yesterday to reading the poetry of T. S. Eliot today, I keep on cracking on with the global corporate earnings season – and this brings me today to Rio Tinto (RIO) and Lloyds Banking Group (LLOY) (one of which I think is cheap and one of which I am glad I do not own).

Rio Tinto total return love and fingers crossed hope for Wood Group

There was not too much to be excited about for Rio Tinto (RIO) shareholders today on the publication of its first quarter production results. I remain a big fan of the mining name as I noted a couple of months ago, and whilst its core iron ore business had negative growth this was largely expected and should improve as the year progresses. Apart from very firm metals prices versus historically, the other opportunity for the company over the 2020s remains everything else it is doing – or, as it put it in the update, “we made notable progress during the quarter with the commencement of underground mining at Oyu Tolgoi following a comprehensive agreement reached with the Government of Mongolia, completed the acquisition of the Rincon lithium project in Argentina, and signed a framework agreement at the Simandou iron ore project in Guinea”.


Rio Tinto loves dividends but warns big mining sector M&As are madness

Earlier this month HERE, I observed that the ‘Methodist Church threatens to pull stake from Rio Tinto (RIO) over damning sexual harassment report’. I am not sure if its investment committee listened to the mining sector giant’s conference call earlier today but - if it did - it will be pleased with the huge amounts of ESG mentions in the first few minutes of the call. Most investors though will be more excited by the news of ‘record financial results and total dividend of 1,040 US cents per share for 2021, a 79% payout’, equivalent to over a 10% dividend yield. Whilst some of this was a special dividend reflecting remarkable metals sector prices during 2021, how should investors feel now about the FTSE-100 giant with a market cap of just shy of £94 billion?

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