TBA GroupBühler GmbHTelestackPort of StocktonTMS Awards 2023Sailors Society
  • Port of South Louisiana
  • Van Aalst
  • TMS Awards 2023
  • Port of Stockton
  • Geneva Dry
  • TBA Group

Rio Tinto acquisition receives shareholder support

Rio Tinto acquisition receives shareholder support

(Posted on 13/12/22)

Rio Tinto has received the required support from Turquoise Hill Resources Ltd shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.

Given the transaction is being conducted by way of a Canadian plan of arrangement, it remains subject to the final approval of the Supreme Court of Yukon with a hearing scheduled for 14 December. Completion of the acquisition is expected in the days following court approval, after customary closing procedures.

Rio Tinto Copper Chief Executive Bold Baatar said: “We welcome the support from minority shareholders, which is a key milestone in our acquisition of TRQ. This transaction will deliver significant benefits for all shareholders, and allow us to progress the Oyu Tolgoi project in partnership with the Government of Mongolia with a simpler and more efficient governance and ownership structure.”

Latest News

Ukraine already sown two million hectares of spring grains

(Posted on 28/04/25)

As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more


Condobolin rail upgrade fast-tracks NSW grain

(Posted on 25/04/25)

GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more


Rio Tinto and AMG assess low-carbon aluminium project in India

(Posted on 22/04/25)

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more


BHP record iron ore and copper production demonstrates resilience

(Posted on 22/04/25)

BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more


WTO: Trump’s tariffs will shrink global trade

(Posted on 16/04/25)

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more


$235million syndicated loan agreement to boost UAE trade with Trafigura

(Posted on 15/04/25)

In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more


Anglo American update on sale of steelmaking coal business to Peabody

(Posted on 15/04/25)

Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more


Rio Tinto’s first Western Australian-made iron ore rail cars

(Posted on 03/04/25)

Rio Tinto’s first locally made iron ore rail car has been built in Western Australia, as it steps... Read more


ADM and Mitsubishi form strategic agriculture supply chain alliance

(Posted on 01/04/25)

ADM and Mitsubishi Corporation have signed a non-binding memorandum of understanding to form a strategic... Read more


ESL Shipping and SSAB extend cooperation in raw material transports

(Posted on 27/03/25)

ESL Shipping and global steel manufacturer SSAB have agreed on a multi-year extension of the agreement... Read more


Van AalstGeneva DryPort of South LouisianaViganCimbria
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping