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Rio Tinto and Turquoise Hill reach agreement on deal

Oyu Tolgoi owner to be acquired for US$3.3B

Kristie Batten
Oyu Tolgoi in Mongolia

Oyu Tolgoi in Mongolia

Rio already owns 51% of Turquoise Hill and in March bid C$34 per share for the remaining shares it didn't hold. Turquoise Hill rejected that offer and Rio returned last week with a $40 per share bid....

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