The Province / Reuters: Singapore firm adds to Ivanhoe stake

State investor Temasek Holdings has taken a 5.5-per-cent stake in Canada’s Ivanhoe Mines valued at $426 million, increasing its bet on resources firms. Temasek owned 40.855 million shares of the Vancouver-based firm, the Singapore investor said in a filing to the U.S. Securities and Exchange Com-mission on June 8. A source said Temasek had a small stake in Ivanhoe, which is controlled by mining giant Rio Tinto, but has increased its holding through market purchases. Ivanhoe last month launched a rights offering to raise $1.8 billion as part of a comprehensive financing plan to continue development of its Oyu Tolgoi copper-gold project in Mongolia. To read the full article, click hereSingapore firm adds to Ivanhoe stake

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