• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

Loading...
See More

Anglo, Rio Tinto sell stakes in Palabora

Dec 11 2012 15:17 Reuters

(Shutterstock)

Related Articles

Rescue operation at Palabora mine

Num accuses Rio, Anglo of ducking BEE

Anglo and Rio to sell Palabora stake

Palabora gets new mining rights

Rio Tinto sells small SA coal assets

Green light for Rio Tinto merger

 

Johannesburg - South African copper miner Palabora Mining Company [JSE:PAM] said on Tuesday a consortium of South African and Chinese parastatals would buy a 74.5% stake in it from Rio Tinto and Anglo American [JSE:AGL].

South Africa's Industrial Development Corporation and three Chinese firm will pay R110 per share for the stake, Palabora said.

The deal values the copper miner at R5.3bn. The company's share price was up nearly 11% on the news.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...