The Montreal Gazette: Rio Tinto Group spends $302 million to increase stake in Ivanhoe Mines to 51 per cent

Rio Tinto Group has spent $302 million to buy 15.1 million Ivanhoe Mines shares from two undisclosed sellers to bring its total holding to 51 per cent of outstanding. It said it may buy more shares of Ivanhoe, which controls 66 per cent of the $6 billion (U.S.) Oyu Tolgoi copper-gold-silver project in Mongolia with the Mongolian Government owning 34 per cent. To read the full article, click hereRio Tinto Group spends $302 million to increase stake in Ivanhoe Mines to 51 per cent

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