09
Dec
19:02
Turquoise Hill shareholders approve $3.3 billion Rio Tinto arrangement
Canadian mining company Turquoise Hill Resources says its shareholders have approved an arrangement that gives Rio Tinto control of 100% of its issued and outstanding common shares for CAD 43.00/share ($32.70/share), Kallanish reports.
The arrangement ends a nine-month takeover fight, gives Rio Tinto greater control of the giant Oyu Tolgoi copper-gold mine in Mongolia and increases its exposure to copper.
Rio Tinto’s $3.33 billion offer to acquire 100% inte…
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Anonymous
Very good overview of the weekly steel market.
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