USEUROPEAFRICAASIA 中文双语Français
Home / Mosaic

Rio to sell stake in China JV

China Daily | Updated: 2009-04-22 08:01

Rio Tinto Group, the world's third-biggest mining company, plans to sell a 17 percent stake in a Chinese venture to partner Shenzhen Zhongjin Lingnan Nonfemet Co for $1.89 million.

Acquiring the stake from Rio Tinto will increase Zhongjin's holding in Nonfemet International (China-Canada-Japan) Aluminum Co to 72 percent from 55 percent, the Shenzhen-based company said yesterday.

Rio Tinto is looking to sell a combined 27 percent stake in Nonfemet International for $3 million, Zhongjin said.

Rio to sell stake in China JV

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US