1 PRIME MINISTER ORDERS REVIEW OF TRIPARTITE AGREEMENT ON LABOR AND SOCIAL PARTNERSHIP BY JULY 30 WWW.MONTSAME.MN PUBLISHED:2025/07/23      2 270.8 THOUSAND LEGAL ENTITIES REGISTERED IN BUSINESS REGISTRY WWW.MONTSAME.MN PUBLISHED:2025/07/23      3 “CHINGGIS KHAAN” INTERNATIONAL AIRPORT SERVED 2 MILLION PASSENGERS IN 2024 WWW.MONTSAME.MN PUBLISHED:2025/07/23      4 ICE RELEASES DEAF MONGOLIAN IMMIGRANT AFTER HOLDING HIM FOR MONTHS WITHOUT INTERPRETER WWW.CALMATTERS.ORG PUBLISHED:2025/07/23      5 WILDFIRES RAGE ACROSS NORTHERN MONGOLIA AS HEAT INTENSIFIES WWW.XINHUANET.COM PUBLISHED:2025/07/23      6 STEPPE DIPLOMACY: MONGOLIA DEEPENS CENTRAL ASIA TIES WWW.TIMESCA.COM PUBLISHED:2025/07/22      7 MONGOLIAN CHESS FEDERATION RECEIVES OUTSTANDING CONTRIBUTION AWARD 2025 WWW.AKIPRESS.COM PUBLISHED:2025/07/22      8 AN IMPERIAL WEEK IN PHOTOS: EMPEROR AND EMPRESS CONCLUDE HISTORIC MONGOLIA TRIP WWW.JAPAN-FORWARD.COM  PUBLISHED:2025/07/22      9 MONGOLIA’S ANCIENT ELK PETROGLYPHS SHOW 12,000 YEARS OF CULTURAL AND ENVIRONMENTAL SHIFT WWW.INDIANDEFENCEREVIEW.COM PUBLISHED:2025/07/22      10 RUSSIAN EXPERTS REMIND CHINA: THERE IS A NEIGHBORING COUNTRY THAT IS OBVIOUSLY IN THE OPPOSITE DIRECTION AND MAY VERY LIKELY "BETRAY" CHINA AND RUSSIA WWW.VOCAL.MEDIA PUBLISHED:2025/07/22      ТУУЛЫН ХУРДНЫ ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ДОЛОО ХОНОГТ ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/23     Г.ЗАНДАНШАТАР ХАР ТАМХИНЫ ХЭРГИЙН ЯЛЫГ ЧАНГАЛЖ, ТУСГАЙ НЭГЖ БАЙГУУЛАН ШАЛГАХ ЧИГЛЭЛ ӨГЧЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/23     "БҮХ НИЙТЭЭР АМРАХАД ЭКСПОРТЫН ОРЛОГО ЖИЛД $350-400 ОРЧИМ САЯАР ТАСАЛДАЖ БАЙНА" WWW.GOGO.MN НИЙТЭЛСЭН:2025/07/23     ЧУУЛГАНД СУУГААГҮЙ ИРЦЭЭРЭЭ Х.БАТТУЛГА, Л.ОЮУН-ЭРДЭНЭ НАР ТЭРГҮҮЛЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/23     ХӨЛБӨМБӨГИЙН АЛДАРТНУУД БОЛОХ РОНАЛДИНЬО, КАРЛЕС ПУЁЛЬ, РИВАЛДО НАР МОНГОЛД ИРНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/23     ҮСХ: ЭКСПОРТЫН 94.7 ХУВИЙГ УУЛ УУРХАЙ ЭЗЭЛЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/22     ДҮҮЖИН ЗАМЫН ТЭЭВРИЙН БАРИЛГЫН АЖИЛД 70 ГАРУЙ ИНЖЕНЕР, ТЕХНИКИЙН АЖИЛТАН АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/22     “ХАЛЗАН БҮРЭГТЭЙН” ОРДЫН ТАЛААРХ ЕРӨНХИЙ ХЯНАЛТЫН СОНСГОЛЫГ ЕСДҮГЭЭР САРД ЗОХИОН БАЙГУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/22     “ТОРГОНЫ ЗАМ” АВТО РАЛЛИГИЙН МОНГОЛ ДАХЬ УРАЛДААН ӨНДӨРЛӨЛӨӨ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/22     МОНГОЛ УЛС БҮГД НАЙРАМДАХ КИРГИЗ УЛСТАЙ “ИЖ БҮРЭН ТҮНШЛЭЛ”-ИЙН ХАРИЛЦАА ТОГТООЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/22    

Turquoise Hill’s fifth largest investor to reject Rio Tinto’s takeover bid www.mining.com

Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR) said on Friday it will vote against Rio Tinto’s (ASX, LON: RIO) intended $3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.
The activist investor said that Rio’s bid not only undervalues the target, but it also intends to take advantage of the “material governance failures” created by independent directors of both mining companies over the last decade.
Sailingstone, a US-based fund manager specializing in resources companies that has a 2.2% stake in Turquoise Hill, had already said it considered the offer too low and “opportunistic”.
Rio Tinto announced on Sep.1 it had reached an agreement after six months of takeover talks to buy the 49% of the Canadian miner it didn’t already own for a figure about 20% higher than the original $2.7 billion bid, made in August.
The deal would give the global miner a 66% stake in the giant Oyu Tolgoi mine in Mongolia, one of the world’s largest known copper and gold deposits. The remaining 34% is owned by the Mongolian government.
Rio Tinto has had a rocky relationship with the Quebec-based miner, particularly over how to fund Oyu Tolgoi’s expansion. Rio has also drawn criticism from some of Turquoise Hill’s minority shareholders about the control it exerts over the company.
The global miner, which has mined copper from Oyu Tolgoi’s open pit for a decade, and the Mongolian government ended earlier this year a long-running dispute over the $7 billion expansion of the mine.
Rio Tinto chief executive Jakob Stausholm has said the proposed takeover would simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project.


Published Date:2022-10-16