Iron Ore of Canada Mining News

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

Rio Tinto very close to selling Iron Ore of Canada: report

China Minmetals Corp confirmed Tuesday it is considering a bid.

Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

Sale is part of CEO Sam Walsh’s plans to reduce operating costs by $5 billion over the next two years.