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Stock Market & Financial Investment News

News Breaks
March 11, 2014
06:33 EDTRIORio expects iron ore volatility after China credit squeeze, Bloomberg says
Rio Tinto said short-term price fluctuations on iron ore will continue after a credit squeeze in China and high stockpiles plunged the commodity into a bear market, according to Bloomberg, citing comments in a speech from the head of the company's most profitable unit. Reference Link
News For RIO From The Last 14 Days
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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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May 12, 2015
06:54 EDTRIORio Tinto unit sees potential aluminum market deficit this year, Reuters reports
Rio Tinto Alcan sees a possible aluminum market deficit this year, Reuters reports, citing comments made by Rio Tinto Alcan CEO Alf Barios at the CRU Aluminum industry conference. Barios said he sees price volatility continuing in the short term, and sees inventory levels by 2020 declining to nine weeks from the current 12 weeks. Reference Link
05:57 EDTRIORio Tinto to cut up to 170 jobs in Montreal, Globe and Mail reports
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May 11, 2015
05:55 EDTRIORio Tinto expects copper prices to recover faster, Financial Times reports
Rio Tinto expects global cooper prices to recover fsater than expected due to demand outstrippling supply within two years rather than three to four, reports the Financial Times. The company's head of copper Jean-Sebastien Jacques said decisions by the industry to slow copper production in response to weak prices meant the market could become balanced this year. Reference Link

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