Mining giant Rio Tinto has made a $2.7bn bid for full ownership of its Mongolian mine project. which is expected to be one of the biggest copper mines in the world.
(Picture: Rio Tinto)Rio Tinto has made a $2.7 billion (£2.1 billion) bid to take full control of a vital copper mine project in Mongolia.
The FTSE 100 mining giant has tabled an offer to buy the rest of its important Turquoise Hill subsidiary. If successful, the bid would give Rio sole responsibility for the Oyu Tolgoi project in Mongolia, which is expected to be one of the biggest copper mines in the world once it reaches full capacity in 2028.
