Mining giant Rio Tinto Plc (RTNTF.PK,RIO,RIO.L,RTPPF.PK) is planning to sell all or part of its 58.7 per cent stake in Iron Ore Company of Canada, which could fetch more than $1.7 billion, according to several reports, citing people familiar with the matter.
In mid-February, Rio Tinto reported a loss for full-year 2012, reflecting price decline in all of its major commodities as well as $14.36 billion impairment charges. For the full year, the company posted a net loss attributable to owners of $2.99 billion or 161.7 cents per share, compared to net earnings of $5.83 billion or 301 cents per share in the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.