MCR mincor resources nl

rio looking at nicket stocks

  1. 368 Posts.
    RIO Tinto's head of copper says the miner is looking at opportunities to buy juniors struggling to raise funds.
    Bret Clayton, chief executive of copper at Rio Tinto said the company was speaking with some of the juniors it is interested in.

    “We are scouring opportunities and looking at several. There are a lot of exciting opportunities out there that we are looking at,” he said at a Global Capital conference in London yesterday.

    Mr Clayton added that some areas of interest were uranium and nickel.

    Rio’s (ASX: RIO) copper chief also said that nickel was a good business to invest in, adding that Rio Tinto was interested in developing that part of the company's assets.

    Good RIO think of takinging over MCR?


 
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