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A move that would leave it below the legal minimum for Black ownership.
By Loni Prinsloo, Bloomberg
14 May 2021 
14:09 
Image: Chris J. Ratcliffe/Bloomberg
Rio Tinto Group’s South African operation is facing the loss of a large bloc of Black investors, a move that would leave it below the legal minimum for Black ownership, two people familiar with the situation said.
The main investors in Blue Horison Investments Ltd., which holds 24% of Rio-controlled titanium producer, Richards Bay Minerals, have told Rio they want to be permitted to to sell a stake they value at R5.5 billion ($393 million) or have it bought out by RBM, the people said. ....

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