11
Apr
13:43
Rio Tinto exercises full participation rights with Western Copper
Western Copper & Gold says that financial partner Rio Tinto is exercising its participation right in full after Mitsubishi Materials Corp made a strategic investment in the company and its Casino copper-gold-silver-molybdenum project in Canada’s Yukon Territory, Kallanish reports.
Anglo-Australian Rio Tinto will subscribe for 878,809 shares of the company with proceeds of CAD 2.3 million ($1.7m). That will allow Rio Tinto to maintain its 7.84% stake in W…
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Anonymous
Very good overview of the weekly steel market.
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