SYDNEY -- Global mining behemoth Rio Tinto will sell its stake in a uranium mine in Namibia to a Chinese state-owned player for up to $106.5 million in the latest move to focus on such resources as iron ore and aluminum.
Deal paves way for shutting down money-losing uranium business

A sign shows the way to the Rio Tinto-owned Rossing Uranium Mine in the Namib Desert.
SYDNEY -- Global mining behemoth Rio Tinto will sell its stake in a uranium mine in Namibia to a Chinese state-owned player for up to $106.5 million in the latest move to focus on such resources as iron ore and aluminum.