|Bid||0.7051 x 3100|
|Ask||0.7400 x 1200|
|Day's Range||0.7100 - 0.7800|
|52 Week Range||0.4000 - 2.1700|
|Beta (5Y Monthly)||1.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia. The Oyu Tolgoi mine, Mongolia's biggest foreign investment project, has already been subject to delays and ballooning costs, leaving Mongolian lawmakers impatient for income, while Rio Tinto says it has invested billions. Rio Tinto-owned Turquoise Hill Resources has a 66% stake in the multi-billion-dollar project and the Mongolian state owns 34%, with investment terms agreed in 2015 in a deal known as the Dubai Agreement.
Every investor on earth makes bad calls sometimes. But you have a problem if you face massive losses more than once in...
The copper and gold miner reported solid second-quarter 2019 production results, but announced mounting challenges at an important growth asset.
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, voted against the four independent directors. Turquoise Hill owns 66% of the Oyu Tolgoi copper mine in Mongolia, which is operated by Rio Tinto and expected to become one of the mining giant's most lucrative properties.