The path is open for Rio Tinto (RIO) to take over Canada's Ivanhoe Mines (IVN), in which it...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

The path is open for Rio Tinto (RIO) to take over Canada's Ivanhoe Mines (IVN), in which it already owns 49%, after an arbitrator ruled that Ivanhoe's "poison pill" takeover defense doesn't apply to Rio. Controlling Ivanhoe, which is worth $15.3B, will give Rio a majority stake in the massive Oyu Tolgoi copper and gold project in Mongolia.