Rio clear to take over Mongolia project after Ivanhoe relents

18 January 2012, 6:43 pm

TORONTO/LONDON (Reuters) - Global miner Rio Tinto is clear to take over Mongolia's coveted Oyu Tolgoi project, which promises to be one of the world's largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial "poison pill". Ivanhoe said on Wednesday it would ditch its shareholder rights plan, originally aimed at blocking Rio Tinto from raising its stake in the ...... Read More »

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