bullish
Rio lights up the junior copper market
SUMMARY
- Rio Tinto sold 30% of its Winu project to Sumitomo for $400 million, surprising many with the valuation
- Expecting a PFS in 2025 for a 10 million tonne per annum scenario for the Winu project
- The partnership with Sumitomo signifies the rise of Japan and South Korea in the mining industry and may benefit Rio Tinto in terms of capital allocation and project development.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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