Rio Tinto increasing stake in Ivanhoe Mines

Dec 08, 2010 | 12:19 PM | Mark Burton

Rio Tinto Plc and Ivanhoe Mines Ltd. have signed a deal that will enable the major mining company to take operational control over development and production at Oyu Tolgoi, the copper-gold project in Mongolia.

The two companies, which have suspended an arbitration case, have agreed to terms under which Rio can increase its stake in Ivanhoe in increments over the next 13 months, allowing it to take an interest of up to 49 percent in Ivanhoe.....

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