- 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
at Nasdaq.com (Mar 3, 2015)
at Benzinga.com (Feb 24, 2015)
at Investor's Business Daily (Feb 12, 2015)
at Nasdaq.com (Feb 12, 2015)
at CNBC.com (Jan 19, 2015)
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