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Chinese firm buys Rio's Australian copper mine

Ana Komnenic | July 29, 2013 | 5:31 am Base Metals Top Companies Asia China Europe Copper 

International mining giant Rio Tinto (NYSE:RIO) has sold its 80% share in NorthParkes copper mine in Australia to China Molybdenum (CMOC) for $820 million, the companies announced on Monday. "NorthParkes is a successful business but is not of sufficient size to be...

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