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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (13610)	6/16/2006 12:34:52 PM
From: LLCF	Respond to of 78430

Rio to Expand Mines as Takeover Costs Rise Rio Tinto seeks to expand through exploration and developing new mines and is wary of buying other producers at a time when asset values are high. CEO Leigh Clifford said the company was looking for value-creating opportunities. Rio said it may spend about $6 billion in total this year and next to build and expand mines that produce coal, copper and iron ore. The company's new joint venture with Norilsk Nickel to look for resources in eastern Siberia and the Russian Far East is a step outside of its heartland in Australia and North America. (Bloomberg, 20060613) Rio Says Copper, Iron Ore Demand is Robust and supply continues to trail consumption. There has been volatitlity in recent weeks and there is some concern about inflation, but we're still looking at very strong prices, Rio Tinto's CEO Leigh Clifford said. (Bloomberg, 20060612) Metals Fall a Correction, Not U-Turn, Says Rio CEO Rio Tinto sees the recent decline in metals prices as a market correction not the reversal of what it believes is a long-term upward trend, its CEO said. (Reuters, 20060613) DAK