Rio Gives Away Stake in PNG Mine With $51 Billion Reserves

  • Panguna mine with copper and gold reserves shuttered in 1989
  • Miner had been reviewing its Bougainville stake since 2014

Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51 billion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.