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Turquoise Hill climbs on speculation Rio may take it private

Posted by ipso facto @ 10:18 on June 15, 2016  

TORONTO – Turquoise Hill Resources Ltd. soared amid speculation that its controlling shareholder Rio Tinto Group is preparing for a commodity-price recovery by increasing its stake in the company. Rio Tinto has hired Goldman Sachs Group Inc. to advise it as the world’s second-largest miner looks into the possibility of taking Turquoise Hill private, a person with knowledge of the matter said. The news was reported earlier by the Sunday Times.

Cont. http://www.miningweekly.com/article/turquoise-hill-climbs-on-speculation-rio-may-take-it-private-2016-06-14

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.