UPDATE 1-Over 40% of minority shareholders of Turquoise Hill oppose independent directors [Reuters]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Reuters
UPDATE 1-Over 40% of minority shareholders of Turquoise Hill oppose independent directors - Reuters 2 Min Read (Adds share performance and background) TORONTO, May 14 (Reuters) - A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company’s independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill’s minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, voted against the four independent directors. Sailingstone last month flagged its vote in an open letter, citing governance issues and the board’s lack of engagement with minority investors. Turquoise Hill owns 66% of the Oyu Tolgoi copper mine in Mongolia, which is operated by Rio Tinto and expected to become one of the mining giant’s most lucrative properties. But it has been plagued by political challenges, corrupti
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News
- How a $10-billion copper mine became a cautionary tale for the energy transition [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland [Yahoo! Finance]Yahoo! Finance
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in IcelandBusiness Wire
- Rio Tinto Group (NYSE: RIO) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Rio Tinto releases first quarter production results [Yahoo! Finance]Yahoo! Finance
RIO
Analyst Actions
- 3/5/24 - Liberum Capital
RIO
Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- 1/25/24 - Form SC
- RIO's page on the SEC website