MarketWatch: Rio Tinto may shake up Ivanhoe management

Rio Tinto PLC expects to replace some directors and management at Ivanhoe Mines Ltd. after grabbing majority control of the Canadian mining company, and may seek direct ownership in the massive Oyu Tolgoi copper and gold project in Mongolia. The Anglo-Australian mining company doesn’t currently have any plans to shake up Ivanhoe, but is reviewing its investment in the company and anticipates replacing some of the management and at least a majority of the non-Rio appointed directors, according to a Thursday filing from Ivanhoe to the U.S. Securities and Exchange Commission. The change will give Rio more than a majority on the Ivanhoe board, it said. To read the full article, click hereRio Tinto may shake up Ivanhoe management

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