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Rio's fight for Oyu Tolgoi isn't over yet

Don’t underestimate the importance of a $3 billion bid by Rio Tinto to take over Toronto-listed Turquoise Hill Resources to tighten its control of the giant Oyu Tolgoi copper mine development in Mongolia.

Rio's fight for Oyu Tolgoi isn't over yet Rio's fight for Oyu Tolgoi isn't over yet Rio's fight for Oyu Tolgoi isn't over yet Rio's fight for Oyu Tolgoi isn't over yet Rio's fight for Oyu Tolgoi isn't over yet

Rio currently exerts control via a 51% stake in Turquoise Hill which in turns owns 66% of Oyu Tolgoi, the remainder being held by the Mongolian government.