Finance / Canada
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Rio Tinto Begins Asset Sales
February 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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UK mining company Rio Tinto has agreed to sell Greens Creek gold and silver mine to Hecla. Hecla, a US mining group already owns 29.7% of the Alaskan mine and will buy Rio Tinto's 70.3% stake for $750 million. Hecla will pay $700 million in cash and $50 million in its own shares.