GREY:AQARF - Post by User
Post by
goldmine2009on Jun 14, 2013 8:33am
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Post# 21524413
Rio bails on Mine 10X bigger than AQA
Rio bails on Mine 10X bigger than AQA MPORTANT THINGS; #1 - RIO BAILS ON UP MINING.... # 2 - THE MINE IN MARQUETTE WILL COST $580MM BY THE TIME ITS COMPLETED!!!!!! YIKES, same would be true for AQUILA with BACK FORTY PROJECT... TERRIBLE INVESTMENT = AQA.
Wednesday, June 12, 9:47 PM ET
Rio Tinto (RIO) has agreed to sell its Eagle project in Michigan to Lundin Mining for approximately $325M as part of its increasing focus on divesting non-core assets. The underground nickel-copper mine in the Upper Peninsula has construction about half complete and is expected to begin production in 4Q14; Lundin will