Mining heavyweight Rio Tinto Team has actually raised its shareholding in an Australian-listed graphite designer to the optimum permitted prior to it should make a requisition deal, as China limitations exports of the vital mineral.
Rio has actually increased its risk in Sovereign Metals to 19.9%, the Perth-based firm stated Friday. Rio initially purchased 15% of Sovereign in 2014 for A$ 40-million to money an expediency research study right into the advancement of its Kasiya mine in Malawi.
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