We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.04 | -0.03% | 129.45 | 129.10 | 129.95 | 130.12 | 129.10 | 129.39 | 1,526,193 | 09:50:00 |
By Adriano Marchese
Turquoise Hill Resources Ltd.'s New York-listed shares jumped in premarket trading Monday morning after Rio Tinto PLC made a nonbinding proposal to acquire the remaining 49% of the company.
At 6:19 a.m. ET, Turquoise Hill's shares in New York were up 27% at $25.55.
The Canadian miner, which operates and develops the Oyu Tolgoi copper-gold mine in southern Mongolia, was offered 34 Canadian dollars (US$26.68) in cash a share.
The 32% premium to Friday's closing price values Turquoise Hill at $2.7 billion.
In late January, Rio Tinto reached agreements with Turquoise Hill Resources Ltd. and Mongolia's government on the Oyu Tolgoi mine expansion in South Gobi desert that have led the partners to approve the start of underground operations.
Turquoise Hill owns 66% of Oyu Tolgoi, with the remaining 34% held by a Mongolian state-owned entity.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 14, 2022 06:37 ET (10:37 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Rio Tinto Chart |
1 Month Rio Tinto Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions