Kinross in deal to buy Rio Tinto's 51% stake in Brazilian gold mine

Nov 10, 2004 | 10:20 AM | Julie Bresnick

Kinross Gold Corp., Toronto, has signed a letter of intent to purchase Rio Tinto Plc's 51-percent stake in a Brazilian gold mine for $260 million.

The purchase would bring Kinross' ownership in Rio Paracatu Mineracao SA, which owns the Morro do Ouro (Mountain of Gold) Mine at Paracatu in Minas Gerais state, to 100 percent.....

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