A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project. Mongolia owns 34% of Oyu Tolgoi, one of the world's largest-known copper and gold deposits in the Gobi desert, and Rio controls the rest through its 51% stake in Toronto-listed Turquoise Hill Resources. Rio Tinto and the Mongolian government in January reached an agreement to end a long-running dispute over a $6.75-billion expansion of the mine which is behind schedule and has run $1.4 billion over budget.
The easiest way to identify growth stocks is to find companies that are expected to outperform the overall market because they’re backed by great, long-term potential. The growth stocks I plan to explore today have delivered massive growth in several important financial metrics like earnings-per-share (EPS), revenue, dividends, return on equity (ROE) and free cash flow. The good news for these companies is that experts expect them to continue delivering strong financial performance (and growth)
These three mining stocks could strengthen your portfolio amid rising prices. The post 3 Mining Stocks That Could Provide a Hedge Against Inflation appeared first on The Motley Fool Canada.