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RIO - Rio Tinto News Story

6135p -169.0  -2.7%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £99.32bn
Enterprise Value £103.19bn
Revenue £31.65bn
Position in Universe 13th / 1826

Agrimin's unit signs farm-in deal with Rio Tinto for copper-gold licenses in WA

Fri 12th March, 2021 12:44am
March 12 (Reuters) - Fertiliser developer Agrimin Ltd
 AMN.AX  said on Friday its unit had signed a farm-in deal with
Rio Tinto  RIO.AX  for sale of up to a 75% stake in five
copper-gold licenses it holds in the West Arunta region of
Western Australia.
    The farm-in and joint-venture deal is with Agrimin's
40%-owned unit Tali Resources Pty, and does not include any of
Agrimin's tenements and does not cover any areas associated with
its Mackay Potash Project. 
    Agrimin said Rio can earn the stake through funding
exploration in the licenses in stages, and the 2021 exploration
plan will be finalised by Tali and Rio Tinto in the coming
weeks.
     


 (Reporting by Arundhati Dutta in Bengaluru; editing by
Uttaresh.V)
 ((arundhati.dutta@thomsonreuters.com;))
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