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Rio sells Brazil gold mine

RIO Tinto is to sell its 51% interest in the Morro do Ouro mine in Brazil for $260 million to its...

Andrea Hayward
Rio sells Brazil gold mine

The mine is expected to produce about 190,000 ounces this year at total cash costs of $228 per ounce. Kinross acquired its 49% interest in the mine in January 2003 following its merger with TVX Gold....

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