Finally, Rio has managed to convince THR’s shareholders, and eventually tightened its grip on the highly-promising Oyu Tolgoi copper asset. In effect, the firm is on course to realise its underlying copper potential. Even though worsening Chinese growth risks are likely to take a further toll on iron ore-heavy miners, the likes of Rio, which also has valuable business diversity via aluminium and ample balance sheet cushion, remains worthy of a re-rating.
01 Sep 2022
Deal with Turquoise Hill Resources – an inflection point?
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Deal with Turquoise Hill Resources – an inflection point?
Rio Tinto plc (RIO:LON) | 5,314 -3666.7 (-1.3%) | Mkt Cap: 66,558m
- Published:
01 Sep 2022 -
Author:
Varun Sikka -
Pages:
3
Finally, Rio has managed to convince THR’s shareholders, and eventually tightened its grip on the highly-promising Oyu Tolgoi copper asset. In effect, the firm is on course to realise its underlying copper potential. Even though worsening Chinese growth risks are likely to take a further toll on iron ore-heavy miners, the likes of Rio, which also has valuable business diversity via aluminium and ample balance sheet cushion, remains worthy of a re-rating.