CAPITAL MARKETS

Rio spends up to maintain Turquoise Hill stake

RIO Tinto has spent almost $C1.3 billion ($A1.3 billion) to maintain its controlling stake in Oyu Tolgoi owner Turquoise Hill Resources.

Kristie Batten
Rio spends up to maintain Turquoise Hill stake

Rio purchased 510.9 million shares in Turquoise Hill at $2.53 per share for $1.29 billion as part of the latter’s rights issue. The purchase represented 50.8% of the shares on offer under the issue...

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