Wednesday, March 28, 2018

Rio Tinto sales put shareholders in line for big payout

EMR Capital, the resources private investment company headed by Owen Hegarty and former KPMG banker Jason Chang, outlaid $US2.25bn ($2.9bn) for Rio Tinto's 80 per cent stake in the Kestrel mine. EMR, advised by Macquarie, has been steadily building its portfolio of assets using money raised ...
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