Rio Tinto sells uranium holding

Mining giant Rio Tinto has announced the sale of an African uranium business as part of its strategy to shed unwanted assets.

The Anglo-australian firm will sell its majority stake in Namibian mine owner Rossing Uranium to China Nationaluraniumcorp for up to $106.5 million (£83.1m). The sale is the latest in a string of disposals announced by Rio Tinto.