Save
Print[ferro-alloys.com] According to the latest news from Beijing, in 29th, July, Rio Tinto indicated that they would sell the main rights and interest of Australian cooper and gold to a China resources company by the 820 million dollar. It was also that the Rio Tinto made new measures to support balance sheet under the downtrend demand of global commodity.
The Rio Tinto said that they had made the 80%bidding agreement with China Molybdenum Co. on selling the Australian Northparkes mining area. The other 20% belonged to the Sumitomo Corp.
Rio Tinto’s chief financial officer Chris lynch said that Northparkes mining area was a successful business, but it was not enough big in terms of their strategies.
The Rio Tinto had promised to cut cost and spending so as to safeguard its triple –A credit ratig and increased the return for shareholders. Including BHP Billiton and Glencore, these mining giant were also selling their assets.
Last month, The Rio Tinto indicated that they had sold the American copper and nickel project to the Lundin mining company.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Please write to zhouhuimin@ferro-alloys.com for help
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think