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Stock Market & Financial Investment News

News Breaks
January 18, 2013
07:41 EDTRIORio Tinto's chairman to maintain push for diversification, FT says
Though Rio Tinto (RIO) has seen multiple acquisitions to diversify from its core iron ore business be written down significantly, with the latest writedown prompting the ouster of its CEO, Rio’s chairman Jan du Plessis says that the strategy remains unchanged, according to Financial Times. Among the top near term priorities for the company's new boss will be ensuring that its big development project in copper in Mongolia reaches production on schedule, the report noted. Reference Link
News For RIO From The Last 14 Days
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July 23, 2014
06:13 EDTRIORio Tinto says Chinese demand for iron ore 'strong,' Daily Telegraph says
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July 16, 2014
05:15 EDTRIORio Tinto raises FY14 thermal coal production outlook to 17.5M tonnes
The company's previous thermal coal production guidance was 16.7M tons. This follows a change in the production profile to produce additional higher margin thermal coal from a processing plant by-product stream at Hail Creek. As a result of this change and lower than expected production during the ramp up at Kestrel, Australian hard coking coal production has decreased to 7.4M tonnes, previously 8.2M tonnes. Semi-soft coking coal production guidance remains unchanged at 3M tonnes.Rio Tinto’s share of uranium production across Rössing and ERA in 2014 is expected to be between 4.3M-5.1M pounds. This follows operational changes at Rössing in response to current market conditions. Progression to full processing capacity at ERA is anticipated in Q3. Reference Link
05:11 EDTRIORio Tinto reports Q2 global iron ore production up 11% to 73.1M tons
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July 15, 2014
20:05 EDTRIORio Tinto iron ore output rose 10% in first half of year, WSJ reports
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