M&A

Rio options DiscovEx's iron ore rights

DISCOVEX Resources continues to transport its exploration portfolio, with deal with iron ore gorilla Rio Tinto for the iron ore rights across portions of its Sylvania project, southwest of Newman in Western Australia's Pilbara province. 

 Sylvania

Sylvania

Rio, which operates mines and rail across the region, will pay up to A$9.3 million under the option agreement, plus a 0.9-1% royalty on future production for up to 20 years, depending on the tenement....

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