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Rio Tinto in surprise scandium acquisition

Rio Tinto has agreed to acquire Australian junior Platina Resources’ namesake scandium project in New South Wales for US$14 million.

Rio Tinto in surprise scandium acquisition Rio Tinto in surprise scandium acquisition Rio Tinto in surprise scandium acquisition Rio Tinto in surprise scandium acquisition Rio Tinto in surprise scandium acquisition

Rio is already a scandium producer from titanium dioxide waste at its Sorel-Tracy operation in Quebec, Canada.

Platina (also known as Owendale) has reserves of 4.