Rio Tinto Marks Iron Ore Milestone While Weighing Bigger Los Azules Role
Rio Tinto Group (LSE:RIO) has shipped its eight-billionth tonne of iron ore from Pilbara to long term customer Nippon Steel, marking a milestone in a 60 year Australia, Japan partnership. The company is also assessing a larger role in the Los Azules copper project in Argentina, a major undeveloped copper resource. Together, these moves underline Rio Tinto's focus on its core iron ore operations and an expanded copper asset base. For you as an investor, this combination of events highlights...
Rio Tinto Group (LSE:RIO) has shipped its eight-billionth tonne of iron ore from Pilbara to long term customer Nippon Steel, marking a milestone in a 60 year Australia, Japan partnership. The company is also assessing a larger role in the Los Azules copper project in Argentina, a major undeveloped copper resource. Together, these moves underline Rio Tinto's focus on its core iron ore operations and an expanded copper asset base. For you as an investor, this combination of events highlights...