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Rio Tinto raises stake in Ivanhoe Mines to 48.5 pct

FOXBusiness.com | August 24, 2011 | 7:29 pm Base Metals Precious Metals Top Companies Asia Europe Copper Gold 

Mining company Rio Tinto PLC (RIO) Wednesday raised its ownership stake in Canada-based Ivanhoe Mines Ltd (IVN.T) by 2% to 48.5% as it sought to cement its commitment to the massive Mongolian Oyu Tolgoi copper-gold project. Rio Tinto paid C$18.98 a share...

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