CAPITAL MARKETS

Rio Tinto purchases stake in royalty income fund

Rio Tinto has snapped up 4.3 million units in the Labrador Iron Ore Royalty Fund, waived all cond...

Tim Treadgold

The unit purchase gives Rio Tinto a 14.4% stake in the fund which owns 18.9% of the Iron Ore Company of Canada. Late last year Rio Tinto launched a C$405 million bid for the fund to boost its stake in...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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