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.
Global mining giant Rio Tinto is said to be investing about 3.5 billion-euro in Torre de Moncorvo, in the Trás-os-Montes of northern Portugal, reported LUSA news Thursday, citing an unnamed source close to the negotiations.