Rio Tinto Reaches Agreement to Sell Potash Assets and Brazilian Iron Ore Operation

Rio Tinto has signed definitive agreements to sell its undeveloped potash assets, largely comprising the Potasio Rio Colorado (PRC) potash project in Argentina, and its Corumbá iron ore mine in Brazil and the associated river logistics operations in Paraguay to Vale, the Brazilian mining company, for a total cash consideration of US$1.6 billion. Completion of the Corumbá transaction remains subject... 

Tag: mine reaches agreement, aluminum paraguay, prc argentina potash, yemen potash, vale mining potash