Two mining giants to update on trading
Two big names in the mining industry are set to update on trading over the next week.
Rio Tinto (RIO) will publish its first quarter operations review at 11.30pm on 17 April, a slightly unusual time for a UK-quoted company to issue information explained by it also having a listing in Australia – it will be 8.30am the following day in Sydney when the details come out.
It’s a similar situation for BHP Billiton (BLT) when it reports a third quarter operational update late in the UK day on 18 April and 8.30am on 19 April in Australia.
During the second part of March, Rio Tinto announced $4.15bn worth of coal asset sales meaning it has now exited the coal industry completely. The sales should complete in the second half of the year and most of the proceeds are expected to be returned to shareholders.