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Rio Tinto closes Turquoise Hill deal

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 closes Turquoise Hill deal Rio Tinto closes Turquoise Hill deal Rio Tinto closes Turquoise Hill deal Rio Tinto closes Turquoise Hill deal Rio Tinto closes Turquoise Hill deal

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.

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