ASX Blue Chip Stocks News: Rio Tinto (RIO)
15th Sep 2011
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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Posted in ASX Blue Chip Shares, ASX Top 200 XJO, ASX Top 500 All Ordinaries, Australia Shares, Financial News, Market Sectors News, Materials Stocks, Mining Shares Australia, S&P ASX News, Watch Stocks






