Reuters: Miner Rio clear to take over Mongolia project after Ivanhoe relents

Global miner Rio Tinto is clear to take over Mongolia’s coveted Oyu Tolgoi project, which promises to be one of the world’s largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial “poison pill”. Ivanhoe said on Wednesday it would ditch its shareholder rights plan, originally aimed at blocking Rio Tinto from raising its stake in the Canadian firm, as a separate agreement capping the global miner’s holding at 49 percent expired. To read the full article, click hereMiner Rio clear to take over Mongolia project after Ivanhoe relents

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