Mining giant, BHP Billiton announced today the completed sale of of its 37% share of Richards Bay Minerals to Rio Tinto for $1.91 billion.
The sale, which comes as part of an option agreement made between BHP Billiton and Rio Tinto, is the finalization of Rio Tinto’s announcement made in February.
Richards Bay Minerals is a South African mining and smelting operation.
Read BHP’s full news update here >>