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
  +0.00p +0.00% 3,429.50p 3,423.00p 3,424.50p 3,476.00p 3,377.50p 3,435.00p 4,413,281 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 27,356.4 5,136.7 208.0 17.2 47,153.29

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:

-By Melbourne bureau; +61 3 9292 2094;

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