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What Does Its £12bn African Deal Mean For Rio Tinto plc?

VIDEO: One Fool puts Rio Tinto plc (LON:RIO) under the spotlight.

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Owain Bennallack
Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?” That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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After years of delays, the mining giant Rio Tinto (LSE: RIO) (NYSE: RIO.US) has inked a deal to develop a massive £12 billion iron ore mine in the Republic of Guinea. However, there are several impediments in the way of full production…

https://www.youtube.com/watch?v=ezD19Wqpj4M

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Owain does not own shares in Rio Tinto.

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