Tag «China Molybdenum Co. Ltd. (CMOC)»

Rio Tinto agrees sale of interest in Northparkes

Rio Tinto has reached a binding agreement for the sale of its 80 per cent interest in Northparkes to China Molybdenum Co., Ltd. (CMOC) for US$820 million. Rio Tinto chief financial officer Chris Lynch said “The sale of Northparkes represents great value for our shareholders and demonstrates our continued focus and discipline in the way …