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Carlyle Group LP Bids For Rio Tinto Ltd's Stake In Australian Copper Mine-Reuters

Friday, 10 May 2013 01:11am EDT 

Reuters reported that Carlyle Group LP has submitted a bid for Rio Tinto's 80% stake in the Northparkes copper mine in Australia, Dow Jones said. Northparkes is one of several assets Rio Tinto is looking to sell. Macquarie, which is advising Rio Tinto on the sale, declined to comment, as did a Carlyle spokesman in Beijing. Rio Tinto spokesmen were not immediately available for comment. Analysts have speculated Rio Tinto could fetch as much as $1 billion for the mine.