Rio Tinto Moves to a Majority Stake in Ivanhoe Mines
By Jesse Riseborough -
2012-01-24T14:48:00Z
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.
To contact the reporter on this story: Jesse Riseborough in London at jriseborough@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
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