Mining giant Tinto plc (ADR) (NYSE:RIO)’s Pilbara iron ore operations in Western Australia are producing ore more quickly than previously anticipated. Rio said its Pilbara iron ore system of mines, rail and ports had reached a run rate of 290 million tonnes a year (Mta) two months ahead of schedule. Rio Tinto plc (ADR) (NYSE:RIO) net profit margin is 1.20% and weekly performance is 2.75%. On last trading day company shares ended up $56.05. Analysts mean target price for the company is $62.18. Rio Tinto plc (ADR) (NYSE:RIO) distance from 50-day simple moving average (SMA50) is 2.85%.
Anglo American plc (ADR) (OTCMKTS:AAUKY) CEO Chris Griffith has come out swinging against criticism of executive and management bonus-share schemes, saying the debate should be about affordable wages and job creation rather than executive pay. Mr Griffith, his 11 executives and top management have been awarded R25.3m in a bonus-share scheme that will pay out in three years as part of a skills-retention scheme. A further R51.8m would be awarded to the team over the same period if a number of performance criteria were met. Anglo American plc (ADR) (OTCMKTS:AAUKY) shares fell -0.43% in last trading session and ended the day on $13.78.
Producers such as Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) and Total SA (FP) are counting on pipelines including Enbridge Inc.’s Northern Gateway and TransCanada Corp.’s Keystone XL to ease a transportation bottleneck that’s suppressing the price of Canada’s heavy crude, costing the economy as much as C$50 million ($46 million) a day, according to the Canadian Chamber of Commerce. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) ended the last trading day at $79.77.
The Directors of BP plc (ADR) (NYSE:BP) announced that the interim dividend for the first quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 20 June 2014 to shareholders on the share register on 9 May 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative will be made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs. BP plc (ADR) (NYSE:BP) net profit margin is 2.70% and weekly performance is -0.04%. On last trading day company shares ended up $50.51. Analysts mean target price for the company is $51.58. BP plc (ADR) (NYSE:BP) distance from 50-day simple moving average (SMA50) is 4.86%.