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Shares of Turquoise Hill Resources Ltd. rallied 22% in premarket trades on Wednesday after Rio Tinto Plc said it would hike its offer to value the Canadian mining company at $3.1 billion. Rio Tinto increased its buyout price for the 49% of Turquoise Hill it doesn't currently own to C$40 a share from its March 14 offer of C$34 a share. Rio Tinto already owns 51% of Turquoise Hill, which is developing the Oyu Tolgoi copper-gold mine in southern Mongolia. Rio Tinto CEO Jakob Stausholm said it belie
>>> Read more: Turquoise Hill shares rally on increased buyout offer from Rio Tinto
>>> Read more: Turquoise Hill shares rally on increased buyout offer from Rio Tinto
