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Rio Tinto Expects Volatility, Says Copper Outlook Positive

By Robb M. Stewart MELBOURNE--Rio Tinto PLC (RIO), which is developing one of the world's largest mines in Mongolia, Thursday said the long-term outlook for copper remains positive even though volatility in commodity prices is likely to persist in the near term. Demand for copper has "plenty of growth potential," Andrew Harding, chief executive of the Anglo-Australian company's copper division, said in a slide presentation released to coincide with a resources conference in Hong Kong. Mr. Harding said the Oyu Tolgoi copper and gold project near Mongolia's border with China is now 85% complete and on track for first commercial production by 2013. The first phase of the project's development will see the construction of an open-pit mining operation, and will in time be followed by underground development, expansion of the mill and the building of a power station. Rio is the operator of Oyu Tolgoi and majority owner of Ivanhoe Mines Ltd. (IVN), which owns 66% of the project to the Mongolian government's 34%. When fully operational, Oyu Tolgoi is forecast to produce average 1.2 billion pounds of copper a year in the first 10 years, 650,000 troy ounces of gold and more than 3 million ounces of silver. Write to Robb M. Stewart at robb.stewart@wsj.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201512:36:12LONDON MARKETS: FTSE 100 Advances As HSBC Shares Jump
04/24/201506:59:12LONDON MARKETS: FTSE 100 On Track For A Weekly Advance; HSBC...
04/24/201504:12:46LONDON MARKETS: FTSE 100 Rises, On Track For A Weekly Advance
04/23/201513:24:28LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/23/201513:18:57LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/22/201509:22:04Rio Tinto plc Receives Outperform Rating from BNP Paribas (RIO)
04/22/201500:39:18BHP Iron Ore Output Rises Despite Glut Fears
04/21/201512:22:18LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/21/201509:34:46Rio Tinto plc Stock Rating Reaffirmed by JPMorgan Chase & Co...
04/21/201509:25:24RBC Capital Reaffirms "Sector Performer" Rating for Rio Tinto...
04/21/201509:22:53LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/21/201504:17:08LONDON MARKETS: FTSE 100 Climbs As ARM, Sky Bounce Higher
04/21/201503:37:27Rio Tinto plc Lowered to Equal Weight at Barclays (RIO)
04/21/201500:00:19Rio Tinto Iron-Ore Shipments Set to Rise
04/20/201523:54:04Rio Tinto Iron-Ore Shipments Set to Rise After Weak Start to...
04/20/201522:50:55Rio Tinto Quarterly Iron-Ore Shipments Fall
04/20/201518:00:30EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move;...
04/20/201517:59:57LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Aims To...
04/20/201517:34:32LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Moves...

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