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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:05 EDTRIORio Tinto is continuing its drive for further cost reductions
Rio Tinto's planned spending on exploration and evaluation projects will be reduced by $1B over the remainder of 2012 and 2013. Capital expenditure on approved and sustaining projects will taper off from current levels in 2013sustaining capital expenditure will reduce by more than $1B next year.
News For RIO From The Last 14 Days
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December 18, 2014
06:52 EDTRIOVale attempt to dismiss Rio Tinto suit rejected, WSJ says
Vale's (VALE) attempt to have a lawsuit filed against it by Rio Tinto (RIO) was rejected by U.S. Southern District of New York Judge Richard M. Berman, reports the Wall Street Journal. Judge Berman also rejected Vale's argument that the case should be tried in an English court, the Journal adds. Reference Link
December 15, 2014
09:31 EDTRIORio, BHP looking to raise copper output, Reuters says
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07:36 EDTRIORio Tinto shares look undervalued, says Bernstein
After iron ore prices sank 48% this year, Bernstein thinks that Rio Tinto would be resilient even if iron ore prices dropped much further. The firm believes that the market is applying a significant discount to the stock, making the shares undervalued. It has a $63.20 price target and Outperform rating on the shares.

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