CAPITAL MARKETS

Rio scuttles Lynas' Channar dream

RIO Tinto has outmuscled potential iron ore junior Lynas Corp over a 40% stake in the 10 million tonne per annum Channar project near Tom Price in Western Australia's Pilbara region.

Michael Quinn
Rio scuttles Lynas' Channar dream

Lynas confirmed today that it's unlikely to gain a 40% interest in the project as envisaged by a deal announced last August between Lynas and China Iron and Steel Industry Trade Group (CSG). The deal...

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