Rio Tinto No Longer Intends to Sell Canada Iron-Ore Business -Bloomberg

Date : 09/30/2019 @ 12:48AM
Source : Dow Jones News
Stock : Rio Tinto Limited (RIO)
Quote : 94.08  0.91 (0.98%) @ 7:49AM
Rio Tinto share price Chart

Rio Tinto No Longer Intends to Sell Canada Iron-Ore Business -Bloomberg

Rio Tinto (LSE:RIO)
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-- Rio Tinto PLC (RIO.LN) has pulled plans to either sell or list its Canadian iron-ore business, Bloomberg reports, citing people familiar with the situation.

-- According to Bloomberg on Monday, Rio Tinto has told bankers to stop working on a process for the sale or initial public offering of Iron Ore Company of Canada, which the miner has sought to divest for several years.

-- A spokesman for Rio Tinto couldn't immediately be reached by Dow Jones Newswires for comment.

 
 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

September 29, 2019 20:33 ET (00:33 GMT)

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