Mining giant Rio Tinto has put its stake in Ivanhoe Australia up for sale after a long, steady deterioration in the share price and a capital raising. Meanwhile, Quickstep has managed to collect some upside for Australia from the Joint Strike Fighter. Elsewhere, Peet has locked away the institutional component of its capital raising, Qantas Airways has tweaked its syndicated loan and Sundance Resources has been smacked around yet again.
Rio Tinto, Turquoise Hill Resources, Ivanhoe Australia
When the big miners collectively shifted from mining boom expansion to focusing on core assets, Rio Tinto’s majority stake in Ivanhoe Australia was already on the chopping block.