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Rio Tinto has completed the acquisition of Turquoise Hill resources for a consideration of US$ 3.1 billion, consolidating its stake in the Oyu Tolgoi copper mine in Mongolia.
Rio Tinto now fully owns Turquoise Hill, which has a 33% stake in Oyu Tolgoi. Turquoise Hill shares will cease trading. The deal was approved by Turquoise Hill shareholders in December 2022.
Turquoise urges shareholders to accept Rio offer
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