Turquoise Hill rejects Rio Tinto’s $2.7bn takeover offer
Turquoise Hill considers that the offer does not fairly reflect the strategic value of its stake in the Oyu Tolgoi…

Turquoise Hill considers that the offer does not fairly reflect the strategic value of its stake in the Oyu Tolgoi…
The potential sale deal could be worth $3bn to $4bn.
The firm’s profit from operations climbed to $34.1bn in 2022 from $25.5bn a year ago.
The storage site in the port of Qinhuangdao was found to hold only one-third of the 300,000t of copper concentrate.
The deal to buy the remaining stake in Stanmore SMC forms part of Stanmore’s efforts to develop existing operations.
Indonesia has been looking to attract investments from Tesla and boost domestic development of electric vehicles and batteries.
Impact will hold a 19.9% stake in Burrendong, with the two firms owning the Commonwealth project under a JV.
Chalice acquired 12.5 million common shares in the capital and four million common share purchase warrants of Currie Rose.
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