Ivanhoe plans to make way for Rio takeover

Asia Pacific-focused company Ivanhoe Mines, has announced plans to dispose of its shareholder rights plan, a move which will leave the door wide open for mining giant Rio Tinto to up its already sizeable stake in the firm and gain control of the Mongolian Oyu Tolgoi copper-gold mine.

Asia Pacific-focused company Ivanhoe Mines, has announced plans to dispose of its shareholder rights plan, a move which will leave the door wide open for mining giant Rio Tinto to up its already sizeable stake in the firm and gain control of the Mongolian Oyu Tolgoi copper-gold mine.

Rio's 49% restriction, which has been in place since 2006, came to an end on Wednesday, and according to Ivanhoe, Rio has made clear its plans to increase its share in the firm above 50%, irrespective of the shareholder plan.

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