MONGOLIA - Kincora Copper acquires more land

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Published: Sunday, 12 February 2012 06:35
Written by ASIA Miner News

Kincora Copper is advancing its hold on a prospective copper-gold region in southeast Mongolia, with the acquisition of a Mongolian company which holds mining and exploration licences adjoining its Bronze Fox project. 1

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MONGOLIA - Rio Tinto takes majority stake in Ivanhoe

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Published: Sunday, 05 February 2012 06:28
Written by ASIA Miner News

International mining group Rio Tinto is now the largest shareholder in Canadian company Ivanhoe Mines, increasing its stake to 51% with the purchase of 15.1 million common shares in a privately negotiated transaction. The Can$302 million purchase gives Rio Tinto the majority share of one of the world’s largest copper-gold mines, Oyu Tolgoi in southern Mongolia.1

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