Rio Tinto sells Australia copper mine to Chinese firm for US$820m

Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia to China Molybdenum for US$820 million (HK$6.4 billion), as the global miner looks to slash costs and cut debt.

via Business feed http://www.scmp.com/business/companies/article/1292743/rio-tinto-sells-australia-copper-mine-chinese-firm-us820m