Rio Tinto to sell Mich. project to Lundin Mining for $325M
Jun 13, 2013 | 12:53 PM
| Shivani Singh
SINGAPORE Rio Tinto Plc has agreed to sell its Eagle nickel-copper project in Michigans Upper Peninsula to Lundin Mining Corp. for $325 million.
The deal, which is subject to regulatory approval, is expected to close in the third quarter, the London-based miner said.
The Eagle project includes a high-grade underground nickel-copper mine and mill. Construction started in June 2010 and is about 55-percent complete, Rio Tinto said.....
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