I am worried about RIO too heavily invested in iron ore, the Chinese could reduce the price they pay by US $10 - 20 / t and that would devastate the earning of RIO .
Mongolia will always be problematic and they will continued to get ' screwed ' by the government . I can not imagine RIO would consider increasing their equity in this investment.
There could be an offer for RIO from either Anglo or BHP !
Ann: Rio Tinto completes sale of Grasberg interest, page-4
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Last
$119.83 |
Change
0.210(0.18%) |
Mkt cap ! $44.48B | |||
| Open | High | Low | Value | Volume |
| $120.07 | $120.83 | $119.58 | $109.7M | 913.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1400 | $119.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.85 | 729 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |