Rio Tinto offloads Northparkes stake to Chinese firm

Rio Tinto has agreed a deal to sell its 80% stake in Northparkes copper and gold mine in Australia to China Molybednum for $820m (£530m). Rio has been looking to sell assets as part of its $5bn cost-cutting plan. via Pocket http://www.bbc.co.uk/news/business-23486633#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa