Rio Tinto Ltd. has restarted its stalled asset sales program, announcing Friday the sale of its potash project in Argentina and its Corumba iron ore operations in Brazil to Companhia Vale do Rio Doce for US$1.6 billion.
The sale will see Rio receive US$850 million for the Potasio Rio Colorado potash project and US$750 million for the Corumba iron ore mine in Brazil and the associated river logistics operations in Paraguay.
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