In Mongolia:
The open pit is nearly worked out..it was only 20% of the project anyway, But it has cost the Mongolian Government nearly 100% of wat it intended to pay. To get to the other 80% Rio will have to shoulder massive write downs..approaching $5b
In Semendou:
This is an almost impossible project to make money on, Rio faces legal challenges from VALE and Benny to control the other 2 hills and fund connecting infrastructure, at best its a $10billion project with a #20billion dollar spend just to get at it.
Who ever wants to develop Guinea it shouldn't be Rio shareholders...another write for Sam approaching $1 to $2 billion.
In the Pilbara:
As the iron ore price sinks and Rio ramps up stock piling will occur...expect massive job losses shortly.
- Forums
- ASX - By Stock
- RIO
- rios blunders in mongolia, guinea and pilbara
rios blunders in mongolia, guinea and pilbara
Featured News
Add RIO (ASX) to my watchlist
|
|||||
Last
$114.66 |
Change
-1.210(1.04%) |
Mkt cap ! $42.56B |
Open | High | Low | Value | Volume |
$114.01 | $115.41 | $113.70 | $206.0M | 1.797M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40 | $114.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$114.72 | 42808 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40 | 114.650 |
1 | 175 | 114.550 |
1 | 200 | 114.500 |
1 | 5 | 114.440 |
6 | 2952 | 114.400 |
Price($) | Vol. | No. |
---|---|---|
114.720 | 42808 | 3 |
114.890 | 2452 | 1 |
114.980 | 2452 | 1 |
115.070 | 2452 | 1 |
115.100 | 60 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
Featured News
RIO (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online