Rio Tinto: sells stake in Namibia uranium mine
(CercleFinance.com) - Global mining company Rio Tinto said on Monday that it has agreed to sell its 68.
6% stake in its Rössing uranium mine to China's CNUC, in a move intended to focus on its "core" assets.
Rio Tinto has entered into a binding agreement with CNUC for the sale of its entire stake in the Namibia mine for up to 106.5 million dollars, the company said.
The deal is expected to be completed in the first half of 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6% stake in its Rössing uranium mine to China's CNUC, in a move intended to focus on its "core" assets.
Rio Tinto has entered into a binding agreement with CNUC for the sale of its entire stake in the Namibia mine for up to 106.5 million dollars, the company said.
The deal is expected to be completed in the first half of 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.