JONATHAN JACKSON | KILLIK & CO
“Results were in line with expectations and highlight that good progress is being made on a number of strategic priorities. Although profits will be impacted if the iron ore price falls as new production comes onstream, we believe the current rating already discounts this to some extent.
PETER MALLIN-JONES | CANACCORD GENUITY
“More important than the results is the ongoing colour over the cost cutting and capital discipline plans. The shuttering of the Shawninigan [aluminium] smelter shows the discipline that management is exerting and combined with the improving margins in the aluminium and cola operations shows promise.
NICK MELLOR | ESPIRITO SANTO
“We expect that quarter four 2013 will hold the most catalysts for Rio Tinto on the grounds of our bullish expectation for the market’s reaction to [the Chinese government’s review of its five-year plan] in October and our expectation that iron ore will rally again over November and December.