ENN Twitter
Rio Tinto to invest $300 mln in Michigan mine
LONDON (Reuters) - Global miner Rio Tinto Plc <RIO.AX> <RIO.L> said on Monday it was to invest $300 million developing Eagle, a high-grade nickel and copper mine in Michigan, United States.
"Eagle is projected to deliver 16,000 tons of nickel per year over seven years until 2016. It will also produce valuable co-products of copper, platinum, palladium and cobalt," Rio Tinto said in a statement.
(Reporting by Dan Lalor)
