Either way, if Rio can't find other buyers, Shanxi will emerge as the new controlling holder.
Look at Rio's record this year:
1. Sold the Eagle nickel-copper mine to Lundin Mining 2. Sold Northparkes to China Molybdenum 3. Sold out of Musgrave Grove (Mt Davis) project to Metals X http://www.asx.com.au/asxpdf/20130819/pdf/42hqzh3dnrkhhd.pdf 4. Sold out of the Palabora copper mine 5. Sold to the Clermont coal mine to Glencore and partner
Rio is still attempting to sell its diamond business (but didn't get an offers or good offers) and sell of its stake in the Iron Ore Company of Canada and obviously Inova Resources.
IVA Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
