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Rio Tinto sells Eagle Mine for $325 million

June 13, 2013
By STEPHEN ANDERSON - DMG writer (sanderson@mininggazette.com) , The Daily Mining Gazette

CHAMPION - Rio Tinto has reached a binding agreement to sell its Eagle Mine project to Lundin Mining Corporation for an estimated $325 million in cash. The transaction of the nickel/copper mine and mill in northwest Marquette County is expected to close in the third quarter of 2013 and is subject to typical closing conditions, including regulatory approval.

 
 

 

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