Canada NewsWire LONDON, United Kingdom, Aug. 7, 2013 LONDON, United Kingdom, Aug. 7, 2013 /CNW/ - Rio Tinto and Turquoise Hill Resources (Turquoise Hill) have signed an agreement under which Rio Tinto will provide Turquoise Hill with a financing package to enable it to fund the continuing development of the Oyu Tolgoi mine in Mongolia and, if [...]
LONDON, United Kingdom, June 28, 2013 /CNW/ - Rio Tinto has entered into a bridge funding agreement dated June 28, 2013 with Turquoise Hill Resources Ltd. under which it has agreed to make available to Turquoise Hill a short term convertible credit facility of up to US$225 million. The aggregate of all amounts outstanding under the facility [...]
Iron ore miners have been trending downwards in recent weeks on concerns of a further decline in iron ore prices. Goldman Sachs has recently lowered its forecast for iron ore prices due to slowing steel production in China. The firm predicts iron ore prices may average $139 a ton in 2013, down from their previous estimate of $144. Five Star [...]
LONDON, United Kingdom, July 30, 2012 /CNW Telbec/ - Rio Tinto acquired 133,571,192 common shares under Ivanhoe's rights offering at a total cost of US$934,998,344 or US$7.00 per share. The purchase represents approximately 51 per cent of the common shares offered under the rights offering. The rights offering, which closed today, was fully [...]
/THIS PRESS RELEASE CANNOT BE SENT, TRANSMITTED OR OTHERWISE DISTRIBUTED IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS IMPERMISSIBLE TO DO SO./LONDON, United Kingdom, May 23, 2012 /CNW Telbec/ - Rio Tinto and Ivanhoe Mines Ltd. (Ivanhoe) have agreed to amend certain terms of the memorandum of agreement announced on 18 April [...]
Rio Tinto and Ivanhoe Mines have signed an agreement under which Rio Tinto has agreed to support and provide certain elements of a comprehensive funding package for Ivanhoe that will underpin the development of the Oyu Tolgoi copper-gold mine in Mongolia. The parties have also agreed that Rio Tinto, which currently owns 51 per cent of Ivanhoe, will [...]
Rio Tinto announces today that it has, through an indirect wholly-owned subsidiary, acquired the remaining 7,944,151 Hathor common shares not already owned by Rio Tinto and its affiliates, representing approximately 5.87 per cent of the outstanding Hathor common shares on a fully-diluted basis, pursuant to a compulsory acquisition under the [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/05/12 -- Kilo Goldmines Ltd. (TSX VENTURE: KGL)(FRANKFURT: 02K) ('Kilo' or the 'Company') is pleased to announce that Rio Tinto Mining and Exploration Limited ('Rio Tinto') has made payment to Kilo the option payment due on or before December 31, 2012 pursuant to the earn-in option to joint venture agreement
Rio Tinto today extended its offer, made through an indirect wholly-owned subsidiary, to acquire all the common shares of Hathor for C$4.70 in cash per common share until 5:00 pm on 6 January 2012. The offer has been extended to allow the remaining Hathor shareholders sufficient time to tender their common shares to Rio Tinto's offer.
Hathor announces that Rio Tinto has confirmed that it has succeeded in its bid to acquire Hathor and that all of the conditions of the offer, made through an indirect wholly-owned Canadian subsidiary of Rio, have been satisfied. Hathor has been advised that approximately 94,950,089 Hathor common shares were validly tendered by shareholders to the [...]
Hathor Exploration Limited shareholders are urged to promptly tender their common shares to Rio Tinto's increased offer, made through an indirect wholly-owned Canadian subsidiary, to acquire all the common shares of Hathor for C$4.70 per common share in cash before 5:00 pm (Toronto time) on 30 November 2011, when the offer expires unless [...]
MONTRÉAL, Nov. 28, 2011 /CNW Telbec/ - Hathor Exploration Limited shareholders are urged to promptly tender their common shares to Rio Tinto's increased offer, made through an indirect wholly-owned Canadian subsidiary, to acquire all the common shares of Hathor for C$4.70 per common share in cash before 5:00 pm (Toronto time) on 30 November