06
Sep
14:11
Rio Tinto, Turquoise Hill sign binding acquisition agreement
Anglo-Australian mining giant Rio Tinto and Turquoise Hill Resources say they have signed a binding agreement enabling Rio Tinto to own 100% of the Canadian company.
On 1 September, the companies had announced an agreement in principle on the deal that will give Rio Tinto greater control of the Oyu Tolgoi copper-gold mine in Mongolia. Rio Tinto will pay $3.3 billion. The deal ends a six-month takeover fight and increases Rio Tinto’s involvement with copper,&…
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Anonymous
Very good overview of the weekly steel market.
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