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Ivanhoe (NYSE:IVN) Soars as They Battle Rio Tinto (NYSE:RTP) Over Oyu Tolgoi

Filed in chinalco, ivanhoe-mines, Oyu Tolgoi, Rio Tinto, shares, silver by on July 14, 2010 0 Comments

Shares of Ivanhoe (NYSE:IVN) soared 14 percent Tuesday as they battled Rio Tinto (NYSE:RTP) over their stake in the gigantic Oyu Tolgoi mine in Mongolia.The battle between Ivanhoe and Rio began when they notified Rio they were going to exercise their right to issue more shares to investors besides Rio Tinto. This would allow Ivanhoe to sell over 5 percent of its common shares to another mining

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