Bloomberg News

Rio Tinto Moves to a Majority Stake in Ivanhoe Mines

January 24, 2012

Jan. 24 (Bloomberg) -- Rio Tinto Group said it has taken a majority stake in Ivanhoe Mines Ltd. after buying shares that bring its interest to 51 percent. Rio Tinto reached the holding after buying an additional 15.1 million shares, a 2 percent stake, for C$302 million, it said in a statement today.

Link to Statement:{NSN LYB4VO3V2800 <GO>}

To contact the reporter on this story: Jesse Riseborough in London at jriseborough@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus