CAPITAL MARKETS

Rio's stake in Ashton passes 70%

ANGLO-Australian mining giant Rio Tinto has said its holding in Ashton Mining has climbed to over 70%.

Greg Tubby

Rio, whose $2.20 a share takeover offer will close on Monday, said its interest in Ashton rose to 71.57% from 65.4%. Rio won a lengthy battle with diamond cartel De Beers for Ashton and its 40% stake...

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