CAPITAL MARKETS

Rio completes Marcona sale

RIO Tinto completed the sale of its 57.5% stake in the Marcona copper deposit in Peru for US$13 million to a Peruvian company, Marcobre, but has kept a finger in the pie, reinvesting US$5 million into Marcobre's parent company, Chariot Resources.

Rebecca Keenan
Rio completes Marcona sale

Marcobre will pay a further US$7 million to Rio on the second anniversary of the deal. Further payments to Rio of up to US$5 million are conditional on a decision to mine Marcona and the size of the copper...

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