, which in turn owns 66% of mammoth Mongolian copper mine Oyu Tolgoi. Rio can make a decent case to Turquoise’s smaller shareholders that its C$43-a-share offer is reasonable, but that may still not be enough.
Rio only needs a simple majority of Turquoise’s minorities to simplify its Mongolian operations by controlling Turquoise outright. But already 14%, including next-biggest shareholder
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