Rio Tinto (RIO) is accelerating a plan to sell billions of dollars in non-core assets despite a...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

Rio Tinto (RIO) is accelerating a plan to sell billions of dollars in non-core assets despite a slowdown in commodities that could lower the price tag on the deals. Latest to go on the block is the 57% stake in Ivanhoe Australia owned by unit Turquoise Hill Resources (TRQ), with a market value of ~$156M. RIO also has been trying to sell TRQ’s 58% stake in Mongolia-focused SouthGobi Resources.