U.K.-listed miner Vedanta (VDNRF.PK) has pulled out of the bidding for Rio Tinto's (RIO) 59%...

|About: Vedanta Resources plc. (VDNRF)|By:, SA News Editor

U.K.-listed miner Vedanta (VDNRF.PK) has pulled out of the bidding for Rio Tinto's (RIO) 59% stake in Iron Ore Co. of Canada, reports the WSJ. The asset - worth about $4B - has been on the block since early this year. The first round of bids has been submitted and includes offers from Glencore and Blackstone, sources tell the Journal.