Rio Tinto acquires BHP stake in Richards Bay Minerals

By Mark Watts
Published: Wednesday, 01 February 2012

BHP exits minsands industry, selling 37% stake in South African JV

Rio Tinto Plc will acquire the majority stake in South African mineral sands group Richards Bay Minerals (RBM) through a deal with joint venture partner BHP Billiton Plc.

The mining giant has agreed to buy BHP’s 37% stake in the titanium dioxide (TiO2) feedstock and zircon producer,...

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