Australian Stock Report - Share Tips
ASX Blue Chip Stocks News: Rio Tinto (RIO)
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Publish date: Thu, 15 Sep 2011, 03:03 PM
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Rio Tinto (ASX:RIO) is one of the world's largest miners, mining and processing a wide range of metals and minerals including all the key base metals, precious metals, diamonds, iron ore and energy products.
The company is one of the biggest on the Australian share market and is widely considered among the blue chip stocks.
Today RIO said it will invest US$833 million to upgrade its integrated power and gas network, and develop fuel supply projects, in the Pilbara region.
The projects will be required to support RIO's targeted annual production capacity of 283 million tonnes by 2013.
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ASX Blue Chip Stocks News: Rio Tinto (RIO) is a post from: Australian Stock Report Share Tips
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