SYDNEY, June 30 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX said on Thursday said it would end its participation in a mine in Papua New Guinea that it abandoned more than 25 years ago, drawing a line under its operations in the country.
The global miner said it would transfer its majority shareholding of 53.8 percent in Bougainville Copper Limited to an independent trustee, which will manage the distribution of the shares to the Autonomous Bougainville Government and Papua New Guinea.
Rio Tinto said in 2014 it would implement a review of its mining operations in Papua New Guinea after the passage of a new law.