Rio Tinto agrees to acquire 15 million shares of Ivanhoe Mines
Rio Tinto has agreed to acquire 15 million shares in Ivanhoe Mines at a subscription price of Cdn$16.31 per share, increasing its ownership in Ivanhoe Mines by 2.7 per cent to 22.4 per cent.
Rio Tinto has agreed to sell its 57.7 per cent stake in Palabora Mining Company for 373m dollars.