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Stock impact report

Rio Tinto's Montana Copper Gold Deal And What It Means For Shares [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
Rio Tinto's Kennecott Exploration has signed a joint venture agreement with Mogotes Metals for the Copper Cliff copper gold project in Montana, USA. The deal allows Mogotes to earn a majority stake through staged investment in a project originally discovered by Rio Tinto. The agreement focuses on early stage mineral exploration and could expand Rio Tinto's exposure to North American copper. For investors tracking Rio Tinto Group (LSE:RIO), the new joint venture adds a fresh exploration angle alongside an already established position in global mining. The shares most recently closed at £73.69, with returns of 23.1% year to date and 76.2% over the past year. Those figures show how the stock has already moved, even before any outcomes from this Montana project are known. The Kennecott and Mogotes partnership gives Rio Tinto a way to progress a copper gold discovery while sharing funding and exploration risk. For readers interested in exposure to copper as a key battery metal, de Show less Read more
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