Ivanhoe Mines (IVN -0.4%) decides to scrap a shareholder rights plan in a move that clears the...

|By:, SA News Editor

Ivanhoe Mines (IVN -0.4%) decides to scrap a shareholder rights plan in a move that clears the way for Rio Tinto (RIO +1.8%) to accumulate more shares of the cooper mine operator. Separately, the firm also announced that its board approved a $1.8B bridge financing arrangement to help it complete a mining complex in Mongolia.