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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 07/30 11:35:04 am
6101 GBX   -2.94%
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07/30European ADRs Drop Nearly 0.5% as Miners, Drillers Lag
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rio Tinto, Turquoise Agree to New Funding Plan for Oyu Tolgoi Copper Project in Mongolia

04/09/2021 | 12:30am EDT

By Jaime Llinares Taboada

Rio Tinto PLC said Friday that it has entered into a binding agreement with Turquoise Hill Resources Ltd. for an updated funding plan for the completion of the Oyu Tolgoi underground copper project in Mongolia.

The FTSE 100 mining company said the funding plan addresses the remaining funding requirements of $2.3 billion, replacing the previous deal agreed in September 2020.

Under this new binding heads of agreement, Rio Tinto and Turquoise will pursue re-profiling of principal debt repayments up to $1.4 billion with lenders to better align with the revised mine plan, project timing and cash flows. In addition, they will seek to raise up to $500 million in senior supplemental debt.

Rio Tinto said it has committed to address any potential shortfalls from the re-profiling and additional supplemental debt of up to $750 million; whereas Turquoise has committed to raise up to $500 million via rights offering or shares placement.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

04-09-21 0230ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
FTSE 100 -0.65% 7032.3 Delayed Quote.8.85%
RIO TINTO PLC -2.94% 6101 Delayed Quote.11.54%
TURQUOISE HILL RESOURCES LTD. 8.32% 20.82 Delayed Quote.31.52%
All news about RIO TINTO PLC
10:01aRio Tinto readies to ship trial lithium plant to Serbia
RE
07/30European ADRs Drop Nearly 0.5% as Miners, Drillers Lag
MT
07/30RIO TINTO : Combined Slides & Scripts
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07/30London Shares Drop as Miners, Oil, Airlines, Intertek Fall
DJ
07/30Glencore ups expectations for FY trading, lowers nickel, coal
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07/29Australia shares edge lower as tech stocks weigh, Origin Energy top loser
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07/29RIO TINTO : Miner Turquoise Hill's profit beats on strong output, metal prices
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07/29Miner Turquoise Hill's quarterly profit up over 33%
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07/29European ADRs Move Higher in Thursday Trading
MT
07/29Today on Wall Street: GDP growth misses estimates
More news
Financials (USD)
Sales 2021 67 104 M - -
Net income 2021 24 559 M - -
Net cash 2021 4 506 M - -
P/E ratio 2021 5,66x
Yield 2021 13,7%
Capitalization 142 B 142 B -
EV / Sales 2021 2,05x
EV / Sales 2022 2,50x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
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Rio Tinto plc Technical Analysis Chart | MarketScreener
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Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Last Close Price 84,79 $
Average target price 90,14 $
Spread / Average Target 6,31%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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