Copper Investing News: Mongolia’s Junior Miners Gain on Rio Tinto’s Ivanhoe Takeover

Rio Tinto’s decision to pay C$300 million to become the majority shareholder in Ivanhoe Mines last month was greeted by investors worldwide with open arms, but junior minors in Mongolia are also welcoming the Anglo-Australian mining giant’s latest move as they expect more global attention on their projects as a result. By increasing its shareholding in Vancouver-based Ivanhoe to 51 percent from 49 percent, Rio Tinto will effectively take ownership of the Canadian group’s existing investments, including its crown jewel, the Oyu Tolgoi copper and gold mine in Mongolia. To read the full article, click hereMongolia’s Junior Miners Gain on Rio Tinto’s Ivanhoe Takeover

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