Rio Tinto into Ivanhoe

MINING giant Rio Tinto will take a 19.9% stake in Robert Friedland’s Ivanhoe Mines, giving the Anglo-Australian major exposure to the world’s largest undeveloped copper-gold deposit, the Oyu Tolgoi project in Mongolia.

Rio Tinto into Ivanhoe Rio Tinto into Ivanhoe Rio Tinto into Ivanhoe Rio Tinto into Ivanhoe Rio Tinto into Ivanhoe

Under the terms of the strategic partnership announced between the two parties overnight, Rio will make an immediate payment of $US303 million ($A401 million) for a 9.

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