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Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge ​with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one of the world's largest portfolios ‌of underwater mineral deposits.

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