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Rio will give away 19.1% stake in Northern Dynasty

April 07, 2014 - 14:40 GMT Location: London

KEYWORDS: Rio Tinto , Northern Dynasty , Pebble , copper , Alaska

Rio Tinto has said it will give away its 19.1% stake in Northern Dynasty Minerals Ltd, owner of the Pebble copper project in Alaska, to two local charitable foundations.

"The decision follows the strategic review announced last year of Rio Tinto’s interest in Northern Dynasty, which concluded the Pebble Project does not fit with Rio Tinto’s strategy," the company said on Monday April 7....

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