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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Ltd | ASX:RIOCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 125.35 | 123.81 | 125.35 | 0.00 | 01:00:00 |
From May 2021 to May 2024
By Rhiannon Hoyle
SYDNEY--A decision on whether Rio Tinto PLC will develop its Winu copper-and-gold deposit in Western Australia has been delayed by the Covid-19 pandemic, but is likely to happen before the end of 2021, Chief Executive Jakob Stausholm said Thursday.
"We will have to consider whether to sanction a project [at Winu] before the end of this year," but "Covid has slowed it down," he told reporters after a shareholder meeting in Australia. "We probably had expected to do it a little bit earlier, but it still makes it a very, very fast development."
Mr. Stausholm said he couldn't provide an exact time frame on when a decision would be made.
Rio Tinto has previously said it could be operating a mine at the deposit, which it discovered in 2019, in 2024.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
May 06, 2021 05:57 ET (09:57 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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