Seeking Alpha

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

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.
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