HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Breaking: Glencore Xstrata and Blackstone eye Rio Tinto's stake in Iron Ore of C

Breaking: Glencore Xstrata and Blackstone eye Rio Tinto's stake in Iron Ore of Canada

Anthony Halley | June 2, 2013
, the Wall Street Journal reported Sunday evening.

Blackstone is considered by some more likely to go ahead with the purchase as Glencore has its hands full integrating Xstrata.

Rio put its stake in the Canadian company up for sale earlier in 2013. The company appointed investment banks Credit Suisse and CIBC to lead the sale of most of it shares in IOC.

Sale of the stake is estimated to fetch roughly $1.7 billion.

Sources: Seeking Alpha; Reuters

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