01
Sep
13:06
Rio Tinto to acquire full Turquoise Hill ownership in $3.3 billion deal
Anglo-Australian giant Rio Tinto is paying $3.3 billion to acquire full ownership in Canadian miner Turquoise Hill Resources, Kallanish reports.
The deal will end a six-month takeover battle and give Rio Tinto greater control of the Oyu Tolgoi copper-gold mine in Mongolia. That boosts Rio Tinto’s exposure to copper, a metal in growing demand with renewables and electric vehicles.
The agreement calls for Rio Tinto to acquire the 49% of Turquoise Hill stock i…
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Anonymous
Very good overview of the weekly steel market.
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