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Rio Tinto Limited (RTNTF)

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91.07+0.87 (+0.96%)
At close: 01:43PM EST
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  • Bloomberg

    Rio Tinto Has Lost Radioactive Capsule in Australian Desert: FT

    (Bloomberg) -- Mining company Rio Tinto has lost a “highly radioactive” capsule somewhere along a 1,400 kilometer (870 mile) highway through the Western Australian desert.Most Read from BloombergRussia Can’t Replace the Energy Market Putin BrokeFed Set to Shrink Rate Hikes Again as Inflation SlowsAdani’s 413-Page Hindenburg Reply Aims to Calm Before Share SaleAdani’s Detailed Hindenburg Reply Now Said to Be Post-Share SalePension Funds in Historic Surplus Eye $1 Trillion of Bond-Buying“We are ta


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  • Reuters

    Mongolia calls on Rio Tinto to keep budget for giant copper mine in check

    Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated $7.06 billion budget for the project's expansion, its mining minister told Reuters. The two partners have only just ended a long-running tussle over the underground expansion of the mine, which is behind schedule and over budget, with Rio last year agreeing to waive $2.4 billion in debt owed to it by the government and commit to a structure that did not require additional loan financing. "The government has asked Rio Tinto to not increase the budget," J. Ganbaatar, the minister for mining and heavy industries, told Reuters on Jan. 16 in a video interview.