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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:27 EDTRIORio sees fossil fuels 'here to stay' but wants cleaner technology, Guardian says
Rio Tinto’s head of energy, Harry Kenyon-Slaney, believes any solution to climate change must recognize the ongoing significant role of fossil fuels, which are "here to stay," and has demanded more investment in research for cleaner technologies for carbon capture and storage, reported The Guardian. Reference Link
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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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