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Rio Tinto Has No Immediate Plans to Develop Pebble Project - CEO

http://www2.epa.gov/bristolbay
By Alex MacDonald
Published April 18, 2013
Dow Jones Newswires

Rio Tinto PLC (RIO) said it had no immediate plans to develop the massive Pebble copper and gold project in Alaska, the company's chief executive said Thursday, in which the mining titan owns an indirect 10% stake.

"There is a huge amount that needs to be done to prove or disapprove that the project can be built in a way to meet our standards," Sam Walsh told shareholders at the company's annual general meeting in London.

Rio Tinto would only support an underground mine if the project were to go ahead, and..... http://www.foxbusiness.com/news/2013/04/18/rio-tinto-has-no-immediate-plans-to-develop-pebble-project-ceo/