Seeking Alpha

Rio Tinto (RIO -1.8%) can make a strong case for spending a further $4.2B on the expansion of...

Rio Tinto (RIO -1.8%) can make a strong case for spending a further $4.2B on the expansion of its mining capacity in Western Australia's Pilbara region, which accounts for ~70% of its earnings. Credit Suisse calculates RIO can achieve a 17% IRR at an iron ore price of $90/ton and can reach its target of producing 353M tons from Pilbara by 2015 even with prices as low as $65/ton.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs