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Stock Market News

Rio Tinto acquired Turquoise Hill for 3.3 billion

12/16/2022

Less than a minute

2022.12.16 03:03

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Rio Tinto completes $3.3 billion acquisition of Canada's Turquoise Hill

Rio Tinto acquired Turquoise Hill for 3.3 billion

Budrigannews.com – (NYSE) Rio Tinto Ltd announced on Friday that the long-awaited acquisition of a 49 percent stake in Turquoise Hill Resources (NYSE:) had been completed. giving the world’s top iron metal maker a 66% stake in Mongolia’s Oyu Tolgoi, the world’s biggest known and gold store.