FT: Rio Tinto in talks to sell Namibian uranium business [Seeking Alpha]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Seeking Alpha
Rio Tinto (NYSE: RIO ) is in talks to sell its 69% stake in the Rossing uranium mine in Namibia to China National Nuclear Corp., as the miner continues to streamline its portfolio to focus on its core iron ore, aluminum and copper assets, Financial Times reports. Traders say CNNC was a logical buyer of the Rossing mine, which produces ~3% of the world’s uranium, as it owns the neighboring Husab mine and is better equipped to deal with Rossing’s Iranian shareholding than a western miner. A sale would require the backing of the Namibian government, which controls 51% of Rossing’s voting rights. Click to subscribe to real-time analytics on RIO Now read: The Copper Market Ignored A Critical Metric » Subscribe for full text news in your inbox
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- Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Financial Post (Toronto, Ontario, Canada)]Financial Post
- How a $10-billion copper mine became a cautionary tale for the energy transition [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland [Yahoo! Finance]Yahoo! Finance
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in IcelandBusiness Wire
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Analyst Actions
- 3/5/24 - Liberum Capital
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Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- RIO's page on the SEC website