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(Reuters) - Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company.
Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia.
However, the offer has seen opposition from major Tu...
>>> Read more: Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 billion offer
Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia.
However, the offer has seen opposition from major Tu...
>>> Read more: Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 billion offer
