LSE:RIOMetals and Mining
Rio Tinto Bets On Zulti South And Gallium As Valuation Stretches
Rio Tinto has approved the resumption of the Zulti South mineral sands project in South Africa, including a $473m investment.
The company is also progressing work on primary gallium extraction in Quebec, supported by research partners and the Canadian government.
Both projects are aimed at securing long term supplies of materials used in industrial applications and emerging technologies.
Rio Tinto Group (LSE:RIO), trading at around £73.36, sits in the large cap mining space with returns of...