RIO News: Rio Tinto completes $3.3 billion Turquoise Hill deal for larger share in Mongolia project - 16th Dec 2022, 6:32pm

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(Reuters) -Rio Tinto Ltd said on Friday it had completed its long drawn-out acquisition of remaining 49% stake in Turquoise Hill Resources, giving the Anglo-Australian firm a 66% stake in Mongolia's Oyu Tolgoi, the world's largest known copper and gold deposit.

Turquoise Hill shareholders last week voted in favour of Rio Tinto's $3.3 billion bid to take the Canadian company private after months of back and forth.

Minority shareholders were against the deal over valuation, and no. 2 shareholder...

>>> Read more: Rio Tinto completes $3.3 billion Turquoise Hill deal for larger share in Mongolia project
 
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