RIO 0.69% $121.76 rio tinto limited

News: RIO UPDATE 1-Serbian government revokes Rio Tinto's licences for lithium project

  1. 184,653 Posts.
    lightbulb Created with Sketch. 2711

    (Adds more quotes background)

    BELGRADE, Jan 20 (Reuters) - Serbian Prime Minister Ana Brnabic said on Thursday the government had revoked all licences related to Rio Tinto RIO.L for lithium exploration.

    "All decisions (linked to the lithium project) and all licences have been annulled," Brnabic told reporters after a government session.

    She said the government decision came after requests by various environmental organisations to halt the project.

    "As far as project Jadar is concerned, this is an end," she said, referring to the lithium project.

    "Rio Tinto did not give sufficient information neither to local community nor to the government (about the impact of the project)," she added.

    No one at Rio Tinto was immediately available to comment. The decision is a blow to the Anglo-Australian mining company, which has earlier this week pushed back the timeline for first production at the $2.4 billion lithium project near the town of Loznica by one year to 2027, citing delays in key approvals.

    Thousands of people blocked roads last year in protest against the government's backing of the project, demanding Rio Tinto leave the country and forcing the local municipality to scrap a plan to allocate land for the facility.

 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$121.76
Change
0.830(0.69%)
Mkt cap ! $45.19B
Open High Low Value Volume
$122.26 $123.10 $121.60 $222.7M 1.819M

Buyers (Bids)

No. Vol. Price($)
4 789 $121.50
 

Sellers (Offers)

Price($) Vol. No.
$122.88 1000 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$122.00
  Change
0.830 ( 1.13 %)
Open High Low Volume
$121.84 $123.10 $121.46 342628
Last updated 15.59pm 29/03/2024 ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.