Rio stocks given outperform recommendation on copper growth - RBC
Apr 30, 2012 | 10:29 AM
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Analysts at RBC Capital Markets have given Rio Tinto stocks an outperform recommendation on the company’s strong copper growth profile.
“The supply side for copper remains tight given falling grades, infrastructure constraints and smaller developers being challenged to raise finance,” the analysts said in a note, following a presentation given by Andrew Harding, ceo of Rio Tinto Copper.
Rio is focusing on existing projects, they added, but it is not ignoring other opportunities, including those in Africa.
Organic growth includes focus on developing the first phase at Oyu Tolgoi in Mongolia, life-of-mine extension studies at Kennecott....
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