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BHP Billiton exits titanium industry by selling stake in Richards Bay Minerals to Rio Tinto

Cecilia Jamasmie | February 01, 2012 | 2:39 pm Top Companies Africa Europe 

BHP Billiton Limited (ASX:BHP) said Wednesday that it is selling its 37% non-operated interest in South African mineral sands venture Richards Bay Minerals to partner Rio Tinto PLC (LON:RIO). With this move, BHP is officially leaving the titanium minerals industry. "BHP...

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