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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 Ivanhoe "alone or jointly using a 3rd party, around the long-term structure in their existing investment, a primary ownership affinity for the Oyu Tolgoi project or some other changes towards the capitalization, ownership structure or operations on the company," Ivanhoe said in a very filing towards Registration. The filing went more Rio Tinto's own announcement after it moved to a number position in Ivanhoe earlier this week seeking to step-up control of Oyu Tolgoi, that is caused by start producing within Eighteen months. the crusher machine for rocks Rio Tinto declined to touch upon Ivanhoe's filing. Rio flagged truly who's had held talks featuring a biggest shareholder, Chinalco, about possibly bringing in china state-owned company as a partner in Oyu Tolgoi, a move that might end up being approved by the Mongolian government. Vibratory Screen Mongolia owns 34 percent of the project, while Ivanhoe owns the remaining. Ivanhoe's shares have slumped 17% since Rio Tinto SBM won a battle against Ivanhoe's "poison pill" takeover defense, clearing just how for doing this to consider over Ivanhoe. After increasing its stake to 51%, the Anglo-Australian miner said hello doesn't have current intentions to buy more shares. Tags: Rio May Push For Oyu Tolgoi Stake Ivanhoe Says
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