Rio Tinto takes strategic stake in Ivanhoe Mines

Wednesday, 18 October 2006

Rio Tinto has reached agreement to acquire a holding of 19.9 per cent in Ivanhoe Mines in order to jointly develop and operate Ivanhoe’s Oyu Tolgoi copper-gold complex in Mongolia’s South Gobi region. A joint Ivanhoe-Rio Tinto technical committee will engineer, construct and operate the project. This agreement creates a defined path for Rio Tinto to become the largest shareholder in Ivanhoe Mines.

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