MPs split over ministers' refusal to change listing rules for mining firms
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Rio Tinto has informed the Board of Palabora Mining Company Limited (Palabora) of its intention to divest its 57.7 per cent effective shareholding in the company and has initiated a commercial process to sell its shareholding.
Rio Tinto, through an indirect wholly-owned subsidiary, has now taken up a total of 119,456,310 Hathor common shares.
Chief executive Tom Albanese said “This was another record-breaking year in the Pilbara with both quarterly and full year iron ore production and shipments beating previous achievements, as our expansion programme continues apace."