Rio Tinto agrees $3.3 bln takeover of Turquoise Hill

Rio wins over copper target with $4.8b offer

Rio strikes deal on buyout of copper developer Turquoise Hill Resources, clearing the way to unlock the full potential of the Oyu Tolgoi mine in Mongolia.

Rio Tinto agrees $3.3 bln takeover of Turquoise Hill

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Rio Tinto tightens control of Mongolia copper mine with $3.3bn Turquoise Hill buyout

The deal, if approved, will give the company a 66% stake in the Oyu Tolgoi mine, which is exploiting one of the world’s biggest copper deposits

Rio Tinto reaches deal to buy out Turquoise Hill Resources (NYSE:RIO)

Turquoise Hill Resources (TRQ) +12.5% pre-market on Thursday after reaching terms for Rio Tinto (RIO) to acquire the remaining shares in the miner that it does not already own; Rio...

Rio Tinto strikes deal for Turquoise Hill Mongolian copper mine

Rio Tinto has struck a $3.3 billion deal to tighten its control over a huge Mongolian mine that is exploiting one of the world’s largest copper deposits.The FTSE 100 mining company said yesterday it had agreed terms to buy Turquoise Hill Resources, the Canadian group that owns 66 per cent of the Oyu

Rio Tinto agrees $3.3 bln takeover of Turquoise Hill