Rio Tinto offered to pay roughly $2.7 billion to buy out minority shareholders in Turquoise Hill, which controls a giant copper-mining operation in Mongolia
Turquoise Hill controls Oyu Tolgoi, which is expected to be one of the biggest copper mines in the world
Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn can have little to do with the price customers pay at the store. WSJ’s Dion Rabouin explains. Illustration: Adele MorganRio Tinto PLC offered to pay roughly $2.7 billion to buy out minority shareholders in Canada’s Turquoise Hill Resources Ltd., which controls a giant copper-mining operation in Mongolia, a bet on copper being in high demand.
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