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Stock Market & Financial Investment News

News Breaks
May 27, 2014
10:38 EDTRIOGuinea signs investment framework for iron ore project with Rio, Chinalco
The Government of Guinea and its partners, Rio Tinto, Chinalco and the IFC, signed the Investment Framework for blocks 3 and 4 of Simandou, the Project, which will be the largest combined iron ore and infrastructure project ever developed in Africa, providing Guinea with the opportunity to reap the benefits of its rich mineral wealth and transform its wider economy. The signing marks a significant milestone and provides the legal and commercial foundation for the project. It also allows the project to move towards realizing the opportunities it presents for Guinea and all the shareholders. Reference Link
News For RIO From The Last 14 Days
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September 16, 2014
07:43 EDTRIOAnglo American, Rio Tinto seen as potential targets for Glencore, FT says
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06:51 EDTRIOChina ban could hurt Australia coal exports, China Daily says
China's decision to ban imports of dirty coal starting in 2015 could significantly reduce the amount of coal that Australia exports to the Asian country, according to China Daily. BHP Billiton (BHP) and Rio Tinto (RIO) mine coal in Australia. Reference Link China ban could hurt Australia coal exports, China Daily says
September 7, 2014
12:59 EDTRIOIron ore giants keep up production amid falling prices, WSJ says
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September 2, 2014
11:43 EDTRIOAnglo American open to takeover proposals, CEO says, WSJ reports
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10:46 EDTRIOAnglo American CEO sees iron-ore prices under pressure, WSJ says
The CEO of miner Anglo American (AAUKY) Mark Cutifani said he is worried about the outlook for iron-ore, says the Wall Street Journal. In spite of concerns about an iron-ore glut, the company intends to press on with the Minas-Rio iron-ore project in Brazil , added the Wall Street Journal. Publicly traded companies in the space include Vale (VALE),Cliffs Natural Resources (CLF), Rio Tinto (RIO), and BHP Billiton (BHP). Reference Link

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