Australian Mining Productivity and Safety Soars With Driverless Iron Ore Trains

The much heralded driverless AutoHaul Iron Ore Trains have made their first delivery since Rio Tinto was approved for autonomous delivery back in May at a cost of $940 million. The 280 km trip carrying 28,000 metric tons was completed Tuesday.

Rio Tinto Approved For Massive Autonomous AutoHaul Iron Ore Trains

Mining giant Rio Tinto has been approved by the Australian Office of the National Rail Safety Regulator to operate the world’s first heavy haul, long distance autonomous rail operation for it’s ironore operatioin in Western Australia. $RIO says AutoHaul will improve safety, productivity and lower costs. 

Aluminum Prices Boost Norsk Hydro But Brazil Environmental Scandal Sours

Norway’s aluminium producer Norsk Hydro reported higher than expected earnings on Wednesay boosted by higher aluminium and alumina prices. $NHYDY results came after both Alcoa and Aluminum Corp of China missed expectations. 

Australian Mining Giant Rio Tinto Declares Record Dividend, Increases Buyback

The rebound in prices of coal, copper, aluminum and iron ore has seen mining giant Rio Tinto’s profit and cash boom $RIO showed in it’s Q4 earnings report Wednesday, Iron ore stocks have been bid since the US Tax Reform bill. Lithium appears next for Rio to increase interest in.

Iron Ore Stocks Rally On Chile, US Tax and China Clean Air Reform

Tax Reform euphoria saw the Dow hit it’s 70th high for the year today and leading iron ore stocks went up with it. Leading iron ore stocks, $RIO, $BHP and $VALE have been receiving a boost with China’s clean air program, we also got positive election news for miners in Chile.

Freeport-McMoran $FCX +8% After Earnings, Where Now For the Copper Giant?

Freeport-McMoRan $FCX, the world’s biggest publicly listed copper producer Swung back to a profit in the second quarter. the stock soared 8% at open. We look at where to now for FCX.