Articles Tagged "NYSE:RIO"

Mongolia Prime Minister Ousted, Rio Tinto Hopes for Change

Copper – Mongolian Prime Minister Altankhuyag Norov was ousted last week, and Rio Tinto (NYSE:RIO) is hoping that the change could mean good news for its Oyu Tolgoi project in the country. The company has been conducting ongoing negotiations with the Mongolian government surrounding tax and cost disputes, and the discussions are holding up further development at the project.

India May Open Commercial Coal Mining to Foreign Companies

Coal – In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

Ebola Outbreak Hurting West Africa’s Iron Ore Companies

Iron – Low iron ore prices and the recent Ebola outbreak are causing big problems for West African companies focused on the metal. Is there any way for investors to escape unscathed?

Rio Tinto Sees Strong Iron Ore Demand

Iron – The Australian reported that Rio Tinto (NYSE:RIO) says it is seeing high demand for its iron ore, in spite of falling prices. The mining giant forecast demand from China to continue, expecting crude steel production to clock in at 1 billion tonnes by 2030.