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Rio Tinto and the Mongolian Government are still at odds on tax despite a big-spending charm offensive by the miner determined to make the most of the giant Oyu Tolgoi copper mine. .
The $7bn purchase of Oz Minerals could put power in the hands of BHP, as it acquires one of the most attractive miners in Australia.
The year-long acquisition of Turquoise Hill Resources has finally been completed, with Rio now holding 66% direct interest in the Oyu Tolgoi mine.
Miner Rio Tinto has finally closed its deal for Montreal-based Turquoise Hill giving Rio a larger share of Mongolia's Oyu Tolgoi. Read on.
Rio Tinto now has a 66% direct ownership over the world’s largest known copper and gold deposit, located in Mongolia.