News Formal

Business Maverick: Rio Tinto’s Offer to Take Over Giant Copper Mine Is Rebuffed

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Rio Tinto Group’s $2.7 billion offer to buy out Turquoise Hill Resources Ltd. has been rejected, blocking its efforts to gain greater control of a giant copper mine it’s developing in Mongolia.

Rio’s offer doesn’t “fairly reflect the fundamental and long-term strategic value of the company’s majority ownership of the Oyu Tolgoi project,” Turquoise Hill said Monday, after appointing a special committee to review the bid. Shares of the Canadian miner had their biggest drop in more than eight months.

Rio said in a statement that it was disappointed by the decision of the special committee and reiterated its proposal to buy Turquoise Hill. The offer would deliver “compelling value” for minority investors. Copper equities have shed about 27% over the period since the bid was announced and are now trading within a 5% valuation range to Turquoise Hill, Morgan Stanley analysts including Alain Gabriel said Monday in a note.Rio is also looking to increase its exposure to so-called future facing commodities, the natural resources such as copper and nickel that are key for the green energy transition. Taking a big stake in the Oyu Tolgoi mine was an obvious way to achieve that goal.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

I wish everyone can be like you Lisa, I haven't lost since you have been managing my trading account, I love you so much LisaMarkdona2

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Business Maverick: Stocks pare gains amid China data rate cut: markets wrapInvestors on Monday evaluated a surprise interest-rate cut by China to shore up an economy struggling with a property-sector slowdown and Covid-linked restrictions.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »

BUSINESS MAVERICK: Cartoon Tuesday with RicoBusiness Maverick: Cartoon Tuesday with Rico
ソース: dailymaverick - 🏆 3. / 84 続きを読む »

Business Maverick: World embraces dirtier fuels as gas hits exorbitant heightsWith high natural gas prices showing no signs of abating and supplies becoming harder to obtain, cheaper and dirtier alternatives to the fuel are looking increasingly tempting for energy-hungry buyers.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »

Business Maverick: Russia unplugs foes, rewards friends in latest market rebootNearly six months after Russia was evicted from much of global finance over the invasion of Ukraine, it’s going it alone by devising a two-tier system severed from adversaries.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »