Rio to take stake in WA gold project

MINING giant Rio Tinto will invest up to $60 million in junior miner Antipa Minerals' Citadel gold and copper project.

MINING giant Rio Tinto has agreed to invest up to $60 million on exploration in junior miner Antipa Minerals' Citadel gold and copper project in Western Australia.

UNDER the farm-in agreement between the two companies, Rio will progressively increase its stake in the joint venture up to 75 per cent interest.