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.
In Mongolia:The open pit is nearly worked out..it was only 20%...
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Last
$120.99 |
Change
-0.180(0.15%) |
Mkt cap ! $44.91B | |||
| Open | High | Low | Value | Volume |
| $121.52 | $124.12 | $117.14 | $437.7M | 3.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28 | $120.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.99 | 2912 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |