Rio Tinto completes Turquoise Hill deal

Rio Tinto Ltd announced that it will own 66% of Oyu Tolgoi in Mongolia, the world's largest known copper and gold deposit.

Turquoise Hill shareholders voted last week in favor of Rio Tinto's months-long $3.3 billion bid to buy the Canadian company.

The larger stake in Oyu Tolgoi will help Rio Tinto better compete with BHP Group in the production of sinkholes, while accelerating the transition to the world green economy.