Fox News / Dow Jones Newswires: Rio Tinto to Review Next Steps on Ivanhoe’s SouthGobi Stake Sale

Rio Tinto PLC said it will review the next steps regarding Ivanhoe Mines Ltd.’s stake sale in SoutGobi Resources Ltd to Chalco now that it has control of Ivanhoe’s board. Rio Tinto’s CEO Tom Albanese, speaking at the annual general meeting, reaffirmed that the transaction is commercially competitive and doesn’t run against Rio’s primary investment objective in Ivanhoe, which is to develop Mongolia’s massive gold and copper Oyu Tolgoi project. To read the full article, click hereRio Tinto to Review Next Steps on Ivanhoe’s SouthGobi Stake Sale

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.