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Article: BUSINESS IN ASIA TODAY - OCT 28, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on October 28, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
RIO TINTO LIFTS STAKE IN MONGOLIA COPPER-GOLD PROJECT PARTNER
PERTH - Rio Tinto Ltd (ASX:RIO) has lifted its stake in Canada's Ivanhoe Mines Ltd (ASX:IVA) to 19.7 per cent under an agreement to jointly develop Ivanhoe's US$3 billion Oyu Tolgoi copper-gold project in Mongolia. Rio Tinto has spent US$388 million to lift its interest in Ivanhoe from 9.8 per cent after its initial US$303 million investment in Ivanhoe in 2006. It has the right to acquire up to ...