Rio Tinto to sell stake in Palabora Mining Company

Rio Tinto has agreed to sell its 57.7 per cent stake in Palabora Mining Company for 373m dollars.

Rio Tinto has agreed to sell its 57.7 per cent stake in Palabora Mining Company for 373m dollars.

The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited and Hebei Iron & Steel Group, who are committed to the ongoing sustainable management of Palabora.

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