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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Plc | NYSE:RIO | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.51 | 0.75% | 68.79 | 69.12 | 68.42 | 68.96 | 3,193,760 | 01:00:00 |
From May 2019 to May 2024
LONDON—Rio Tinto PLC Friday announced a new stage of development at the Oyu Tolgoi copper and gold mine in Mongolia, paving the way for production to start in 2020.
The London-listed mining giant and its partners, the Mongolian government and Turquoise Hill Resources Ltd, have approved the next stage of development on the mine, which will start in mid-2016, Rio said. The development involves $5.3 billion of investment by the partners, Rio Tinto continued.
In addition to the Oyu Tolgoi project, Rio Tinto will assess a proposal to develop a new iron-ore mine in Western Australia, called Silvergrass, "in the relative near-term" according to outgoing Chief Executive Sam Walsh.
Write to Rory Gallivan at rory.gallivan@wsj.com
(END) Dow Jones Newswires
May 06, 2016 03:45 ET (07:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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