SYDNEY--Australian mining giant Rio Tinto will sell a 30% equity stake in its Winu copper-gold project to Sumitomo Metal Mining for $399 million, under a new joint venture with the Japanese producer.
Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia.
Marathon received $17.2 billion in aftertax proceeds from sale of its Speedway segment in the second quarter of 2021, which it directed to debt reduction and share repurchases. Marathon has ...