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Rio Tinto closes Turquoise Hill deal

Rio Tinto has completed the acquisition of Turquoise Hill resources for a consideration of US$ 3.1 billion, consolidating its stake in the Oyu Tolgoi copper mine in Mongolia.

William Clarke
Rio Tinto closes Turquoise Hill deal

Rio Tinto now fully owns Turquoise Hill, which has a 33% stake in Oyu Tolgoi. Turquoise Hill shares will cease trading. The deal was approved by Turquoise Hill shareholders in December 2022. The deal...

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