Rio Tinto May Make Bid for Chilean Copper Mine Stake -- Reuters
15 November 2018 - 5:11AM
Dow Jones News
--Rio Tinto (RIO) is among the parties interested in making an
offer to acquire a stake in Teck Resources Ltd.'s (TECK) Quebrada
Blanca copper mine, Reuters reported Wednesday, citing "two sources
close to the matter."
--Teck Resources said a partner could contribute $2 billion to
the project, which would net it a 30% to 40% stake, the report
said.
--Mitsubishi Corp. and Sumitomo Corp. are also said to be
interested in the project, as are Aluminum Corp. of China and
Lundin Mining Corp., the report said.
Full story:
https://www.reuters.com/article/us-teck-resources-m-a-rio-tinto/rio-tinto-joins-race-for-tecks-copper-project-stake-sources-idUSKCN1NJ23P
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 14, 2018 12:56 ET (17:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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