IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
India’s Tata Steel on Thursday agreed to sell its 26 percent stake in Australia’s Riversdale to Rio Tinto for $1.1 billion, giving the Anglo-Australian giant full control of the coal miner.
Tata, the world’s No 7 steelmaker, will sell shares in an open offer at A$16.5 each. Riversdale shares closed little changed at A$16.50 in Sydney on Thursday before Tata Steel’s announcement.
