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Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto 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
  +33.50p +1.38% 2,456.50p 2,456.00p 2,457.00p 2,493.00p 2,438.00p 2,445.00p 3,750,995 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 23,637.8 -492.7 -32.2 - 33,868.60

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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