Rio Tinto completed the acquisition of a stake in the Yarraloola Iron Ore Project from Zanthus Resources for AUD75m..

Synopsis

Rio Tinto, a global mining group, completed the acquisition of a stake in the Yarraloola Iron Ore Project from Zanthus Resources, an operator and owner of mineral exploration licenses and projects, for AUD75m.

Principals

target

Czr Resources (yarraloola Iron Ore Project)

bidder

Rio Tinto

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Market Context