• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-09-01/rio-tinto-to-buy-remaining-turquoise-hill-stake-for-3-3-billion" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Mining giant Rio Tinto</a> is buying out Turquoise Hill Resources with a deal valued at about $3.3 billion, at about $32 a share. Rio already owned 51% of the Montreal-based company, and the new deal will give it more control over a copper mine in Mongolia named Oyu Tolgoi, which is expected to be the world’s fourth largest copper mine once an underground expansion is completed.<img src="https://images.aposto.com/2022/8/4/1662058203941.jpeg" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.50" width="550" alt="The Oyu Tolgoi copper-gold mine" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via Bloomberg

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