(Adds background in paragraphs 4,5; changes media packaging key word to AUSTRALIA-MINING/RIO TINTO)
SYDNEY, Aug 1 (Reuters) - Rio Tinto (RIO) CEO Jakob Stausholm said on Tuesday the global miner is focused on small, bolt-on acquisitions, not big purchases.
"I don’t think we need a big acquisition right now," Stausholm said at an event in Melbourne.
"What we are trying to do is a bit of smaller portfolio acquisitions ... that shapes the portfolio."
The Australian miner has already announced several small partnerships and deals this year, including the purchase of a 57.74% stake in the Agua de la Falda copper project in Chile announced on Monday.
Earlier in July, Rio Tinto agreed to buy a 15% stake in Australia's Sovereign Metals for A$40.4 million ($27.04 million) to help develop a rutile and graphite project in Malawi.
($1 = 1.4943 Australian dollars)
- Forums
- ASX - By Stock
- News: RIO UPDATE 1-Rio Tinto focused on small, bolt-on acquisitions - CEO
(Adds background in paragraphs 4,5; changes media packaging key...
Featured News
Add RIO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$120.20 |
Change
-0.420(0.35%) |
Mkt cap ! $44.62B |
Open | High | Low | Value | Volume |
$120.57 | $121.00 | $119.65 | $202.9M | 1.682M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4351 | $120.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$120.20 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4351 | 120.150 |
1 | 100 | 120.080 |
1 | 83 | 120.000 |
4 | 1571 | 119.900 |
1 | 188 | 119.860 |
Price($) | Vol. | No. |
---|---|---|
120.200 | 2000 | 1 |
120.310 | 6899 | 1 |
120.370 | 2343 | 1 |
120.400 | 415 | 1 |
120.430 | 188 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
$120.24 |
  |
Change
-0.420 ( 0.27 %) |
|||
Open | High | Low | Volume | ||
$120.73 | $120.99 | $119.66 | 172376 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
RIO (ASX) Chart |