PRECIOUS METALS

Second Turquoise Hill shareholder rejects Rio Tinto offer

The second largest shareholder in Turquoise Hill Resources is opposing Rio Tinto’s C$43 a share bid for the minority stake it does not already own in Turquoise Hill which is developing the Oyu Tolgoi copper mine in Mongolia.

Shareholder rejects Rio's offer for Turquoise Hill

Shareholder rejects Rio's offer for Turquoise Hill

Florida-based Pentwater Capital Management, which owns 11.63% of Turquoise Hill, said it was considering its legal and shareholder options to oppose the revised $3.3 billion offer which Rio Tinto made...

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