Rio Tinto has given bidders for its $7 billion portfolio of energy infrastructure assets – spread across mining sites in Western Australia’s Pilbara and Canada – less than a month to get their ducks in a row.
The global mining giant has compiled a shortlist of five parties who will be in the final round of the auction after receiving preliminary proposals for the power plants, transmission and loading assets last month, according to people briefed on the matter who spoke on condition of anonymity.
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