RIO News: Rio Tinto/Turquoise Hill: paying up to simplify a messy structure - 15th Mar 2022, 2:55am

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Rio Tinto has opted for an ESG-friendly approach on its huge copper project Oyu Tolgoi. A long-running tussle with minority investors of Canadian-listed Turquoise Hill could soon end if Rio prevails with Monday’s $2.7bn cash offer for the 49 per cent it does not own. This follows the miner’s offer to cancel the remaining $2.4bn of Mongolia’s debt linked to Oyu Tolgoi.

>>> Read more: Rio Tinto/Turquoise Hill: paying up to simplify a messy structure