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Why Does Rio Tinto plc Want To Get Out of Papua New Guinea?

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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​Rio Tinto (LSE: RIO) (NYSE: RIO.US) is reviewing — and likely looking to sell — its interest in a copper mine that’s currently valued at little more than £50 million. Chump change for a £63 billion behemoth, but what if I told you it once operated one of the largest copper mines in the world..?

https://youtu.be/7sRZgUQcM_4

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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