M&A
A subsidiary of diversified miner Rio Tinto, Turquoise Hill Resources this week said it would sell 29.95% of Mongolia-focused coal miner SouthGobi Resources to Hong Kong-based National United Resources Holdings. National United will buy 56.1-million shares at a price of C$0.455 a share, leaving Turquoise Hill with a 26% interest in SouthGobi after the deal has closed.
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