Mining Engineering, December 1st, 2006
MERGERS AND ACQUISITIONS
Ivanhoe Mines mighl get its massive Oyu Tolgoi copper-gold project in southern Mongolia into production with the help of Rio Tinto.
If the proposed deal is completed. London-based Rio Tinto could invest as much as US$1.5 billion in Invanhoe Mines. This would give Rio Tinto roughly one-third of Ivanhoe.
The three-step deal would include Rio Tinto purchasing 37.1 million shares of Ivanhoe for US$303 million, or about 10 percent of Ivanhoe Mines. Rio Tinto could also purchase an additional 46.3 million shares for US$388 million bringing its interest in Ivanhoe up to 21...
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