Recommendations » UK
Rio Tinto (LON:RIO.L) report:Go-ahead for Hope Downs 4 iron ore project
August 31, 2010, Tuesday, 17:15 GMT | 12:15 EST | 21:45 IST | 00:15 SGT
By Daniel Stewart & Co
- Rio Tinto has announced the go-ahead for the Hope Downs 4 iron ore project in Western Australia. The total cost of the mine and associated infrastructure is US$1.6 billion, to be shared by Rio Tinto and its joint venture partner, Hope Downs Iron Ore.
- The project benefits from a proven reserve of 73Mt of ore grading 63.0% iron and a probable reserve of 64Mt grading 63.2% iron.
- The development of the project underlines Rio Tintos belief in the strong long-term demand for its high grade iron ore. The company is in the process of increasing production from its Western Australian operations from the present 225Mt per year to 330 Mt per year by 2015.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011