Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.11
    +1.76 (+2.16%)
     
  • GOLD FUTURES

    2,254.80
    +42.10 (+1.90%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • Bitcoin GBP

    56,064.92
    +1,266.39 (+2.31%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,379.46
    -20.06 (-0.12%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

Rio Tinto says Guinea iron ore partner IFC to sell stake

DAKAR, Oct (HKSE: 3366-OL.HK - news) 10 (Reuters) - Mining giant Rio Tinto (LSE: RIO.L - news) said on Monday that the International Finance Corporation, a partner in its $20 billion Simandou iron ore project in Guinea, is selling its stake.

"We confirm that the IFC has exercised a put option, which it has held since 2006, to require Rio Tinto and Chinalco to buy their stake in Simfer," the firm said in an emailed statement, referring to the joint venture. (Reporting by Emma Farge; Editing by Susan Fenton)