RIO News: Rio Tinto raises offer to take direct control of Mongolia copper mine Oyu Tolgoi - 25th Aug 2022, 12:52am

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Mining group Rio Tinto has raised its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia, weeks after its initial bid was rebuffed. The FTSE 100 group said on Wednesday it had increased its offer for the stake it does not already own in Turquoise Hill Resources, which owns two-thirds of the Oyu Tolgoi project, to $3.1bn. Rio offered to buy out minority shareholders in the Canadian vehicle in March for $2.7bn, an offer that was rejected this month by a special committee o...

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