JPMorgan Enters the Mining Game with 5% Stake in Rio Tinto
JPMorgan Chase & Co., a major US bank, has acquired a significant stake in Rio Tinto Ltd, a leading mining company.
The bank's holding represents 5.01% of Rio Tinto's voting power, according to Kalkine.
No details were provided on the terms of the investment or when JPMorgan Chase & Co. acquired the shares.