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Rio Tinto pays Can$73 million for 49% of Ivanhoe Mines

Michael Allan McCrae | September 27, 2011 | 6:13 pm Base Metals Precious Metals Asia Australia China Europe Copper Gold 

Rio Tinto (NYSE:RIO) announced today that it paid Can$73 million for 49% of Ivanhoe Mines. Rio Tinto acquired an additional 3,700,000 common shares in Ivanhoe Mines Ltd. through a wholly-owned subsidiary, Rio Tinto International Holdings Limited, increasing Rio Tinto's ownership...

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