Currently viewing Global edition

Rio Tinto and Turquoise Hill reach agreement on deal

Rio Tinto and Turquoise Hill Resources have reached agreement for a US$3.3 billion buy-out of Turquoise Hill.

Rio Tinto and Turquoise Hill reach agreement on deal Rio Tinto and Turquoise Hill reach agreement on deal Rio Tinto and Turquoise Hill reach agreement on deal Rio Tinto and Turquoise Hill reach agreement on deal Rio Tinto and Turquoise Hill reach agreement on deal

Oyu Tolgoi in Mongolia

Rio already owns 51% of Turquoise Hill and in March bid C$34 per share for the remaining shares it didn't hold.

Turquoise Hill rejected that offer and Rio returned last week with a $40 per share bid.