Rio Tinto exits massive project
Mining titan Rio Tinto said Monday it has withdrawn its investment in one of the world’s largest copper deposits by gifting its minority stake in Northern Dynasty, the developer of the massive Alaskan Pebble copper and gold project, to two Alaskan charities.
The decision follows a strategic review of its 19.1 per cent stake in Northern Dynasty announced last year, which concluded that the Pebble project didn’t fit with Rio Tinto’s strategy, the company said.
Read more at: http://www.theaustralian.com.au/business/latest/rio-tinto-exits-massive-project/story-e6frg90f-1226877308062
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