Arbitration court finds in favour of Rio Tinto in Ivanhoe dispute

Dec 13, 2011 | 06:40 AM |

An Australian arbitrator has backed Rio Tinto's challenge to the shareholder rights plan adopted by Ivanhoe Mines, the owner of the Oyu Tolgoi copper and gold mine in Mongolia.

The shareholder rights plan (SRP) adopted in April 2010 was referred to arbitration by Rio Tinto in June 2010 for alleged breaches of a 2006 private-placement agreement it already had in place. ....

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