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Rio Tinto has offered $2.7bn to buy out the minority shareholders in the Canadian vehicle that gives its control of its most important project, a huge underground copper mine in the Gobi desert. The London-listed miner said it would pay C$34 per share to acquire the 49 per cent of Turquoise Hill Resources it does not already own, a 32 per cent premium to Friday closing price. The non-binding buyout proposal comes weeks after Rio and the government of Mongolia reached an agreement to complete the...
>>> Read more: Rio Tinto offers $2.7bn to buy Turquoise Hill stake in Gobi copper mine
>>> Read more: Rio Tinto offers $2.7bn to buy Turquoise Hill stake in Gobi copper mine
