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Sumitomo lets China Moly buy Rio's Northparkes copper stake

2013-09-03 05:05:35| Grocery - Topix.net

China Molybdenum has cleared a key hurdle to taking control of Rio Tinto Northparkes copper mine, with Japan's Sumitomo Metal Mining and Sumitomo Corp deciding not to match the Chinese miner's US$820 million bid.

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