Rio firms up a pipeline jewel

Rio Tinto's cementing control of Ivanhoe – and its prized Oyu Tolgoi prospect – is well-timed to allow the company to end its tussle with Robert Friedland and fully focus on bringing the mine into production.

While it may only be a formality, Rio Tinto’s $US302 million purchase of another two per cent of Ivanhoe Mines finally cements its control of the group and its prize asset, the giant Oyu Tolgoi copper-gold prospect in Mongolia.

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