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RIO Rio Tinto Plc

5,412.00
24.00 (0.45%)
Last Updated: 12:41:14
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
  24.00 0.45% 5,412.00 5,410.00 5,412.00 5,434.00 5,381.00 5,425.00 396,053 12:41:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 54.86B 10.06B 6.1815 8.75 88.01B

Bluejay Agrees to Develop Finnish Nickel Project With Rio Tinto, Shares Up

10/11/2020 12:25pm

Dow Jones News


Rio Tinto (LSE:RIO)
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By Jaime Llinares Taboada

 

Shares in Bluejay Mining PLC rose Tuesday after the company said it has entered into an earn-in agreement with Rio Tinto PLC for its Enonkoski nickel project in Finland.

Under the agreement, Rio Tinto may acquire up to a 75% interest in Enonkoski by funding $20.0 million of project expenditure, Bluejay said. The agreement is divided into three stages. In stage one, Rio Tinto can take a 51% stake by spending $5.0 million by November 2023.

Shares in Bluejay at 1143 GMT were up 1 pence, or 10%, at 11 pence.

"This belt has demonstrable nickel occurrences and past production, and it's a testament to the project that we have attracted a blue-chip miner at Enonkoski," Chief Executive Rod McIllree said.

Bluejay also said it would pay 100,000 pounds ($131,640) in cash and GBP100,000 in shares to Magnus Minerals Ltd. to settle historical royalties arrangements related to Enonkoski.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

November 10, 2020 07:10 ET (12:10 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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