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Tag: Ivanhoe Viewing 1 - 2 out of 2 Blogs.
Rio may push for Oyu Tolgoi stake, Ivanhoe says
MELBOURNE - Global miner Rio Tinto may push for something new in ownership from the massive Oyu Tolgoi copper and gold mine in Mongolia, and that is two-thirds belonging to Canada's Ivanhoe Mines, the Canadian miner said within a US filing.
Ivanhoe said the Anglo-Australian miner also offers replace some Ivanhoe senior managers and increase its representation about the board. Rio increased its stake while in the Canadian miner to 51% earlier this week. Rio may approach I ... Read More
Posted On 01/27/2012 19:55:38 by stonecrushermachine
Rio Tinto ups stake in Ivanhoe
Rio Tinto said on Wednesday it had paid C$529.5-million to lift its stake in Ivanhoe Mines by 2% to 48.5%.
Ivanhoe, run by billionaire promoter Robert Firedland, said diversified major’s ownership was capped at 49% until the current standstill limitation expired in January next year.
The Vancouver-based firm owns 66% of the Oyu Tolgoi copper-go ... Read More
Posted On 08/24/2011 22:12:29 by stonecrushermachine
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