Rio Tinto Moves to a Majority Stake in Ivanhoe Mines
Stock Chart for Rio Tinto PLC (RIO)
Rio Tinto Group said it has taken a majority stake in Ivanhoe Mines Ltd. after buying shares that bring its interest to 51 percent. Rio Tinto reached the holding after buying an additional 15.1 million shares, a 2 percent stake, for C$302 million, it said in a statement today.
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