How a $10-billion copper mine became a cautionary tale for the energy transition [Financial Post (Toronto, Ontario, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. When a group of mining executives arrived at Panama's regal Palacio de las Garzas, they were ushered past the ornate, wood-panelled ceremonial rooms and straight to the private office of the president. This was December 2016, before the upswell of anti-mining protests that would throw the country into chaos, and the team from First Quantum Minerals Ltd. were greeted as old friends. After all, they were building the country's most important project since the Panama Canal had been opened a century earlier. Article content Article content But as they compared notes on the progress of their Cobre Panama copper mine, the president issued a warning. First Quantum had lucked into an unusually sweet deal in Panama, he said. Sooner or later, the company would have to agree on new terms with the government and pay more taxes. What was left unsaid: it would be better to do it sooner, under a
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RIO
News
- IG ASIA Acquires Majority Interest in the Pribrezhniy Porphyry Copper Deposit in the Republic of Kazakhstan [Yahoo! Finance]Yahoo! Finance
- Rio Tinto Group (NYSE: RIO) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Element Resources Acreage Lease at Rio Tinto U.S. Borax California Operations [Yahoo! Finance]Yahoo! Finance
- WESTERN COPPER AND GOLD ANNOUNCES EXERCISE OF PARTICIPATION RIGHT IN FULL BY RIO TINTO [Yahoo! Finance]Yahoo! Finance
- China Could Hinder BHP's Bid to Become Copper's Top Producer [Yahoo! Finance]Yahoo! Finance
RIO
Analyst Actions
- 3/5/24 - Liberum Capital
RIO
Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- RIO's page on the SEC website