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Monday, Aug. 04, 2008
Rio Tinto Announces codes mineral US$652 Million mineral maps of wyoming Investment in Continued Pre-Feasibility Studies on Deep Porphyry Copper Deposit in Arizona
LONDON — Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support homebrewing mineral additives continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona.
Pre-feasibility studies are expected to be completed by mineral wells west virginia 2012 with production at the new mine expected to start types of mineral oils by 2020, eventually ramping up to 500,000 tonnes per annum of copper.
Rio Tinto is a significant global copper producer with high quality assets and an interest in four of the world's ten largest undeveloped copper deposits, including mineral absorption pad Resolution*. In 2007, copper was the biggest contributor to Rio Tinto with underlying earnings of US$3.479 billion.
"Rio Tinto's copper operations are in the first quartile of the cost curve and we are well positioned mineral oil allergy to take advantage of strong global demand, driven by continued growth in China and other emerging economies," said Bret Clayton, chief executive, Rio Tinto Copper. "Resolution is an exciting prospect with an expected long mine life."
Resolution Copper announced on May 29 that it had completed sufficient drilling on the deep porphyry copper deposit to report an Inferred Resource of 1.34 billion tonnes containing 1.51 per cent copper and 0.040 per cent molybdenum. Pre-feasibility work scheduled over the next four years includes what is the hardest mineral dewatering a former mine site and sinking an exploratory shaft to 2170 meters below the surface, as well as preparing mineral oil for constipation numerous studies to evaluate technical, legal and environmental issues and to prepare a mining plan. The plan will include an examination of geohydrology, transportation and infrastructure needs, and will confirm the best approach to constructing the proposed underground mine.
The total cost to complete studies of the deposit, determine the safest and most efficient mine development approach and evaluate all associated costs will be about US1 billion. Before these studies can be completed and the mine developed, Resolution Copper needs to own and manage surface lands above the mine and in the immediate surrounding area. In return for this land, mineral collecting wa Resolution Copper will transfer to the US government over 5,500 acres of high-priority conservation lands. Passage of the Southeast Arizona Land Exchange and Conservation Act, currently under review in green mineral ore the US Congress, will accomplish this goal, and will gal drum food grade mineral oil also benefit the Town of Superior, the region and the state of Arizona.
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About Resolution Copper
Resolution Copper Mining (RCM) is a limited liability company owned by Resolution Copper Company (55%), a Rio Tinto plc subsidiary, and BHP Copper, Inc. (45%), a BHP-Billiton plc subsidiary. Resolution Copper Company, part of the Rio Tinto Group, is the manager of RCM. The project is located in the historic mining district about five kilometres east of Superior, mineral sands wanted Arizona.
* The other three major undeveloped copper resources in which Rio Tinto has an interest are La Granja in Peru, Oyu Tolgoi in Mongolia and Pebble in Alaska.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed molybdenum trace mineral trace metal company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and quartzsite mineral vendors processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) how is mineral oil made and iron mineral deficiency toenail discoloration ore. Activities span the world but symptoms of vitamin and mineral deficiency are strongly represented in Australia and North America with significant molcule setup of the mineral diopaste businesses in South America, Asia, Europe and bare mineral make-up southern Africa.
Forward-Looking Statements
This announcement includes "forward-looking statements" within the meaning bathroom porcelain mineral buildup clean of Section 27A of the Securities Act of 1933, mineral dealer jens urban hainichen germany as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto's financial position, business strategy, plans and objectives mineral powder makeup of management christina ferrari mineral for future operations (including development plans and objectives relating to Rio Tinto's products, production forecasts and reserve and resource positions), are gamsol oderless mineral spirit forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially mineral area hospital different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto's present and future business strategies and the environment in which Rio gem mineral shows Tinto will operate in the future. Among the important factors that could cause Rio Tinto's cleaning mineral deposits from wine glasses actual results, performance or mineral spirits disposal achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of demand and
mineral metabolism disorders
market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished southwest gem and mineral guide to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak
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only as of the date of this announcement. how is mineral oil manufactured Rio Tinto expressly disclaims any obligation or undertaking mineral deposits of applachian mountains (except as required by applicable law, the City Code on mineral facts images Takeovers and Mergers (the "Takeover Code"), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions feldspar mineral to any forward-looking statement contained herein to reflect any change in Rio Tinto's expectations with regard thereto or any change in events, natural amethyst mineral specimens conditions or circumstances on trace mineral list which any such statement is based.
Rio Tinto Media Relations, London Christina Mills Office: +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605 water mineral or Nick mineral for kids Cobban arizona mineral colecting sites Office: +44 (0) 20 7781 1138 Mobile: +44 (0) 7920 041 003 or Media Relations, Americas Nancy mineral palace Ives Mobile: +1 619 540 3751 or Media R
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