Rio Tinto acquires 66% direct control of Oyu Tolgoi copper and gold mine
Rio Tinto has completed a US $3.3 billion deal to acquire the resources of Turquoise Hill, a Canadian mining company, and is currently the major shareholder of Oyu Tolgoi copper and gold mine in Mongolia. The Montreal - based Rio Tinto shareholders approved the deal last Monday, which gave Rio Tinto 66% direct control over the world's largest known copper and gold mine. The remaining 34% of the equity is owned by the Mongolian government through Erdenes Oyu Tolgoi. Become the major shareholder of the largest known copper and gold mine in the world - Oyu Tolgoi copper and gold mine in Mongolia.
