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Rio ups Ivanhoe stake

RIO Tinto has lifted its stake in Oyu Tolgoi joint venture partner Ivanhoe Mines to 46.5% from 42...

Kristie Batten

The exercise of Rio’s remaining warrants allowed it to acquire 55.12 million Ivanhoe shares at $9.10 per share. Rio will be able to nominate another director to Ivanhoe’s board, taking its total representatives...

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