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RIO Rio Tinto Plc

5,380.00
9.00 (0.17%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  9.00 0.17% 5,380.00 5,383.00 5,385.00 5,390.00 5,298.00 5,326.00 2,222,222 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 54.86B 10.06B 6.1815 8.71 87.57B

IFC To Invest $150 Million In Rio Tinto's Simandou Project -Report

08/05/2012 2:25am

Dow Jones News


Rio Tinto (LSE:RIO)
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International Finance Corp., the development financing arm of the World Bank, plans to invest US$150 million in equity in Rio Tinto PLC's (RIO) Simandou iron ore project in Guinea as the venture aims for production by 2015 at an initial cost of US$13 billion, The Australian newspaper reported Tuesday.

The IFC said the additional investment was to "help cover costs as the project continues to progress in development," the newspaper said.

The Washington-based IFC acquired a 5% stake in the venture in 2006. Rio holds a 50.35% interest and Aluminum Corporation of China Ltd. (ACH) has 44.65%.

Newspaper website: http://www.theaustralian.news.com.au

-By Melbourne bureau; +61 3 9292 2094; djnews.sydney@dowjones.com

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