Rio Tinto Receives $340 Million Binding Offer For Talc Business

Rio Tinto PLC （RIO.LN）, an international mining group headquartered in the U.K, said Wednesday that it has received a binding offer from Imerys to acquire its talc business for an enterprise value of $340 million.

The talc business has about 1,000 employees at 24 locations in Europe, North America, Australia and Asia.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminum, copper, diamonds, energy （coal and uranium）, gold, industrial minerals （borax, titanium dioxide, salt, talc） and iron ore.