Rio makes its move on Ivanhoe and raises stake to 51%

Rio Tinto did what many had expected on Tuesday by moving to take a majority stake in Asia Pacific-focused company Ivanhoe Mines.

Rio Tinto did what many had expected on Tuesday by moving to take a majority stake in Asia Pacific-focused company Ivanhoe Mines.

Following the announcement by Ivanhoe last Thursday that it would dispose of its shareholder rights plan (leaving the door wide open for Rio), the UK-listed miner has now raised its already-sizeable stake to 51% and taken control of the Mongolian Oyu Tolgoi copper-gold mine.

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