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Benzinga
Benzinga
Business
Avi Kapoor

INSANE: Cramer backs this mining giant after 1 6b bet - The Real Truth

Jim Cramer Rio Tinto CNBC TG Therapeutics
Jim Cramer

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Rio Tinto (NYSE:RIO) has a big yield and recommended buying the stock. “I believe in the minerals. I think you're fine,” he added.

As per the recent news, Rio Tinto and Hancock Prospecting announced on June 24 a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between the two companies.

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