Rio Tinto sells stake in Palabora for $373m
Published: Tuesday, 11 December 2012
World’s largest vermiculite miner “no longer natural fit;” Chinese and South African buy
Rio Tinto confirmed today that it has sold its
stake in South African copper and vermiculite miner Palabora
as predicted by IMs
Inside Edge two
weeks ago for $373m.
Rio Tinto has reached a binding agreement to sell its
57.7% effective interest in Palabora Mining Company...