Rio Tinto Lifts Stake In Ivanhoe Mines To 49% For C$73.1 Million
September 26 2011 - 7:19PM
Dow Jones News
Rio Tinto PLC (RIO) said Tuesday it nudged up its stake in
Canada's Ivanhoe Mines Ltd. (IVN.T) to 49%, the limit allowed under
a pact between the mining companies.
Rio in a statement to the Australian stock exchange said it
bought an additional 3.7 million shares in Ivanhoe, raising its
stake by half a percentage point, for almost C$73.1 million.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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