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Rio Tinto increases shareholding in emerging graphite miner Sovereign to 19.7%

By:  
Deputy Editor Online
 
RUTILE & GRAPHITE
Diversified mining group Rio Tinto will increase its shareholding in ASX- and Aim-listed Sovereign Metals to 19.76%. Rio exercised just under 35-million share options to acquire the same number of new fully paid ordinary shares in Sovereign at A$0.535 apiece for proceeds of $18.5-million.
 
 
 
 
 

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