Rio Tinto (RIO +2%) exercises its remaining warrants in Ivanhoe Mines (IVN +1.9%) for $502M. The...

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

Rio Tinto (RIO +2%) exercises its remaining warrants in Ivanhoe Mines (IVN +1.9%) for $502M. The purchase is part of an agreement reached with Ivanhoe in December to take over construction of its Oyu Tolgoi copper and gold mines in Mongolia.