Rio Tinto Looks To Sell Aussie Copper Assets To Shore Up Balance Sheet

Rio Tinto is looking to receive final bids for its Northparkes copper mine in Australia by the end of this month, according to people familiar with the process. None of them have consented to appear on record though, citing the confidentiality of the process. Rio has an 80% stake in the mine and is hoping to raise up to $800 million through the sale.