LSE:RIOMetals and Mining
Rio Tinto Taps Mogotes Venture To Expand Copper Cliff Optionality
Rio Tinto subsidiary Kennecott Exploration has signed a joint venture agreement with Mogotes Metals for the Copper Cliff Project in Montana.
The deal gives Rio Tinto exposure to early stage copper and gold exploration in the US without large upfront spending.
The partnership adds another copper focused asset to Rio Tinto's North American pipeline, tied to energy transition supply needs.
For investors tracking Rio Tinto Group (LSE:RIO), this joint venture adds fresh activity to a portfolio...