Markets: Rio’s Canadian problem

A report that prospective buyers have withdrawn their interest in Rio Tinto's Canadian iron ore stake must be a concern for the company's divestment-focused chief.

Rio Tinto’s asset disposal program has hit a bump – a very large one if a report from Reuters is accurate. The news agency says private equity firms Apollo and Blackstone and the world’s biggest commodities trader, Glencore, have pulled out of the bidding for Rio’s 59 per cent stake in the Iron Ore Company of Canada.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles