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Rio Tinto to Become Major Shareholder in Sovereign Metals With $27 6 Mln Investment

By Christian Moess Laursen Sovereign Metals said Monday that Rio Tinto will invest 40.4 million Australian dollars ($27.6 million) to acquire a 15% stake in.

City ofUnited kingdomChristian moess laursenBen stoikovichRio tintoChristian moessRio tinto theArticle normalMetal ore miningBasic materials resourcesMining quarryingOwnership changesAcquisitions mergers shareholdingsCapacity facilitiesAcquisitions mergersCorporate actions

Rio Tinto to Become Major Shareholder in Sovereign Metals With $27 6 Million Investment

By Christian Moess Laursen Sovereign Metals said Monday that Rio Tinto will invest 40.4 million Australian dollars to acquire a 15% stake in the company, becoming a strategic investor. .

City ofUnited kingdomChristian moess laursenBen stoikovichRio tintoRio tinto theDow jones

Before the Bell: Australian shares

Shares in New York tumbled into the close after a relatively quiet session amid heightened concerns about the outlook for interest rates.

New yorkUnited statesWestern australiaGina rinehartAndrew forrestSchneider electricBluescope steelRio tintoMarket committee on wednesday thursdayCredit suisseFederal reserveRio tinto theTurquoise hill resourcesWall streetFederal open market committee

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