Articles Tagged "Rio Tinto"

Copper adds some shine on reports that bears losing grip on market

By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday.  The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]

LME Copper Reverses Gains

London copper lost its 1.75 percent gain after the US Senate approved the $700 billion financial plan. Copper fell $12 to $6,148 a tonne.  Copper is up from its Wednesday low of $6,120, the lowest since March 2007. In base metals the market is looking very heavy … and there is a growing chance that [...]

Rio Tinto Copper Exploration

RIo Tinto and CODELCO‘s fully owned subsidiary, CCM Los Andes, have entered into two joint venture agreements so as to search for copper in Chile.  Based on their stand alone investments of US$20 million per project Rio Tinto has 55 percent interest in each of the ventures with an option to increase to 60 percent. [...]

Rio Tinto Record Results

Rio Tinto produced record results in their underlying earnings, net earnings, cash flow from operations, and capital expenditure in value added projects for growth.  Using cutting edge technical solutions and reducing overhead costs Rio Tinto continues to address the rising costs in the industry. “In copper, we have announced additional resources of 628 million tonnes [...]