Rio Tinto Raises Stake in Ivanhoe On Better Outlook For Copper & Gold

Rio Tinto has raised its stake in Canadian mineral exploration company Ivanhoe Mines by 2 percent for a price of $536 million. Our price estimate for Rio Tinto is $97, about 40% higher than the current market price.

Source: http://www.forbes.com/sites/greatspeculations/2011/08/29/rio-tinto-raises-stake-in-ivanhoe-on-better-outlook-for-copper-gold/

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