Rio Tinto has been given the go-ahead in Australia to open a coal mine in Warkworth. Approval was expedited by the Australian government despite potential environmental concerns of the proposed site. Further, residents in the area have complained that the proposed construction, saying it will decrease the value of local property. Regardless of opposition, Rio Tinto investors have become emboldened by the quick approval, and Rio Tinto has advanced 1.41% today.
February 17, 2015 – Stock Market News
Rio Tinto has been given the go-ahead in Australia to open a coal mine in Warkworth. Approval was expedited by the Australian government despite potential environmental concerns of the proposed site. Further, residents in the area have complained that the proposed construction, saying it will decrease the value of local property. Regardless of opposition, Rio Tinto investors have become emboldened by the quick approval, and Rio Tinto has advanced 1.41% today.
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