- Rio Tinto (RIO) CEO Sam Walsh says the company doesn't need to sell its its 59% stake in Iron Ore Co. of Canada, although he expressed a willingness to sell the business at an attractive price; Rio began shopping the asset last spring but hasn't attracted buyers willing to pay Rio's asking price, which may have been as high as $3.7B.
- Walsh says IOC "will become a more valuable business going forward... but we don't need to sell any of our major assets."
- The Canadian business operates a mine in Labrador and owns transport infrastructure, such as a rail line and port facilities in Quebec.
- Earlier: Rio Tinto underlying profit climbs 10%.
From other sites
Video at CNBC.com (Aug 6, 2015)
Video at CNBC.com (Feb 12, 2015)
Video at CNBC.com (Feb 6, 2015)
at CNBC.com (Jan 19, 2015)
at CNBC.com (Jan 16, 2015)
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