RIO Rio Tinto Plc

5,410.00

0.00 (0.00%)

16 Apr 2024 - Closed

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
	0.00	0.00%	5,410.00	5,397.00	5,400.00				0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Miscellaneous Metal Ores,nec	54.86B	10.06B	6.1815	8.73	87.83B

Rio Tinto to Start Underground Copper Mining at Kennecott in US

27/09/2022 9:43am

Dow Jones News

Rio Tinto (LSE:RIO)
Historical Stock Chart

From Apr 2022 to Apr 2024

By Michael Susin

Rio Tinto PLC said Tuesday that it has approved a $55 million investment to start underground mining and expand production at its Kennecott copper operations in Utah, United States.

The Anglo-Australian mining company said that it will initially focus on the Lower Commercial Skarn area, which is expected to deliver around 30,000 tons of mined coppers through the period to 2027.

The company said that the first ore is expected to be produced in early 2023, and full production to be achieved in the second half of the year.

The company added that feasibility studies are also being progressed to extend open pit mining beyond 2032.

Shares at 0807 GMT were up 87.0 pence, or 1.9%, at 4,786 pence.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

September 27, 2022 04:28 ET (08:28 GMT)