Rio Tinto shares dip after Mongolia copper agreement doesn’t move London price
Rio Tinto plc fell in London trading on Wednesday. The miner announced a new deal with Mongolia that lessens one political risk at its Oyu Tolgoi copper project, but the mine is expected to take on more of the group’s growth as its iron ore business sees tougher conditions. Hargreaves Lansdown’s delayed prices had Rio at 7,081p to sell and 7,082p to buy, down 40p, or 0.56%. The FTSE 100 on the same feed was off 0.50%, so Rio lagged the index by a small margin. The quote page listed 1.05 million shares traded, a market cap of £115.17 billion, price/earnings at 14.10, and a 4.24% dividend yield.