14
Mar
14:37
COPPER: Rio Tinto offers $2.7 billion to buy out Turquoise Hill
Rio Tinto proposed on Monday to pay $2.7 billion to acquire the 49% equity share it doesn’t already hold in Canada-listed Turquoise Hill, Kallanish reports.
The all-cash acquisition offer is based on CAD 34 ($26.77) per share. Rio Tinto would gain total control over the company, which owns the Oyu Tolgoi copper project in Mongolia -- expected to be the fourth largest copper mine in the world once it reaches full capacity in 2028.
The Anglo-Australian mine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous