Rio Tinto acquires BHP stake in Richards Bay Minerals
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 BHPs 37% stake in
the titanium dioxide (TiO2) feedstock and zircon