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Rio Tinto announced today that it has given notice to Ivanhoe Mines Ltd. that it has referred to arbitration Ivanhoe’s breaches of the Private Placement Agreement caused by its adoption of the Shareholders Rights Plan. Before its adoption, Rio Tinto advised Ivanhoe that the Rights Plan would breach Rio Tinto’s contractual rights. However, the board [...]

Chief executive Tom Albanese said: “In the first quarter, most of our operations continued to run at capacity. Chinese demand grew strongly and we saw some recovery in OECD markets, but we are still cautious about short term volatility. The long term outlook remains very strong and we are now ramping up our growth projects [...]