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LONDON, March 14 (Reuters) - Rio Tinto on Monday proposed to buy the 49% of Canada's Turquoise Hill it does not already own for about $2.7 billion, as the Anglo-Australian miner looks to ramp up the Oyu Tolgoi copper-gold mining project in Mongolia.
The non-binding, C$34 per share offer represents a more than 32% premium to Turquoise Hill's close on Friday, and follows Rio Tinto's settlement with the Mongolian government in January of a long-r...
>>> Read more: UPDATE 2-Rio Tinto offers $2.7 bln to buy rest of Turquoise Hill stake
LONDON, March 14 (Reuters) - Rio Tinto on Monday proposed to buy the 49% of Canada's Turquoise Hill it does not already own for about $2.7 billion, as the Anglo-Australian miner looks to ramp up the Oyu Tolgoi copper-gold mining project in Mongolia.
The non-binding, C$34 per share offer represents a more than 32% premium to Turquoise Hill's close on Friday, and follows Rio Tinto's settlement with the Mongolian government in January of a long-r...
>>> Read more: UPDATE 2-Rio Tinto offers $2.7 bln to buy rest of Turquoise Hill stake
