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Stock Market & Financial Investment News

News Breaks
February 4, 2013
06:34 EDTRIOMongolian president wants greater control of Rio Tinto project, Bloomberg says
Mongolia’s President Tsakhia Elbegdorj said the nation should have more control of Rio Tinto Group’s (RIO) Oyu Tolgoi copper and gold project after the government said costs had increased to $24.4B, reports Bloomberg. Rio’s earlier estimate for total cost was $14.6B, according to a government statement. Reference Link
News For RIO From The Last 14 Days
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May 26, 2015
15:41 EDTRIOChina could target Cameco, Rio Tinto uranium assets, Financial Post says
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May 19, 2015
05:46 EDTRIORio Tinto and Mongolia sign Oyu Tolgoi development and financing plan
The government of Mongolia, Turquoise Hill Resources and Rio Tinto signed the Oyu Tolgoi Underground Mine Development and Financing Plan. The plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project. With a new pathway to development of the underground mine agreed, the focus now shifts to finalising the project finance, the feasibility study and securing all necessary permits so that the underground mine development can proceed. he construction of the first phase of the pioneering Oyu Tolgoi project – the open-pit mine – was completed on schedule in less than 24 months. The operation celebrated one million tonnes of copper concentrate shipped in March 2015, less than two years after the first production left the mine. Oyu Tolgoi has a workforce that is 95 per cent Mongolian and Oyu Tolgoi LLC has paid $1.3 billion in taxes, fees and other payments to date. Reference Link
May 17, 2015
17:33 EDTRIORio Tinto seeks buyer for Pacific Aluminum, FT says
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