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Rio makes bid for Canadian iron ore fund

ANGLO-Australian miner Rio Tinto announced today it would make a cash offer of C$13.50 a share fo...

Greg Tubby

The total value of the offer, being made through Rio Tinto Canada, is C$405 million. "The acquisition of the fund will allow Rio Tinto to consolidate its position in Iron Ore Company of Canada (IOC),"...

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