Rio Tinto sets $2B copper outlay
Nov 29, 2010 | 12:42 PM
Rio Tinto Plc over the next three years will invest more than $2 billion in its existing copper operating assets, it said, forecasting a drop in 2010 global production.
"As a result of variable grades across the mine lifecycle, 2010 mined copper production is expected to be 661,000 tonnes," the Anglo-Australian miner said.
This compares with global mined copper production of 804,700 tonnes in 2009. The effect of lower grades will continue in 2011 before rebounding in 2012, Rio Tinto said. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.