Rio Tinto sells stake in Palabora

• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 544, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "Palabora is a good business but is no longer a natural fit within Rio Tinto's portfolio," Guy Elliott, CFO of Rio Tinto, said.

    South African miner Palabora's concession in 2010 that the company is feeling the squeeze as its deposit at its Limpopo mine diminishes, sent ripples through the industry. Palabora has for years been the world's largest vermiculite producer, so any news that it might lose its crown has spurred others to lay their claims as heir to the throne.

    Chief executive of Rio Tinto Copper, Andrew Harding, said at the time: "Rio Tinto is no longer the natural owner of Palabora due to the limited opportunity to significantly expand copper mining."