Rio Tinto will sell a 30% stake in its Winu copper-gold project in Western Australia to Japan’s Sumitomo Metal Mining Co. for $399 million, reported Bloomberg. “This is a unique opportunity to derisk our investment,” said Katie Jackson, Rio’s chief executive of copper. “We look forward to working more broadly as strategic partners to find new ways to deliver value…
Read MoreRio Tinto offloads stake in Winu
