Companies briefs
Rio Tinto has invested another $US502 million ($473 million) in Ivanhoe Mines, the owner of the Oyu Tolgoi copper-gold project under construction in Mongolia. Rio now has a 46.5 per cent stake in the Canada-listed miner and the right to appoint a seventh director to its 14-member board. Rio can lift its stake to 49 per cent by January by spending another $US600 million, but there is a dispute over its rights to move beyond that without making a full takeover offer. Jamie Freed
Ivanhoe Australia has appointed former Citadel Resource Group chief executive Ines Scotland as an independent non-executive director. It is the first directorship Ms Scotland has taken up since Citadel was sold to Equinox Minerals for $1.25 billion earlier this year. Luke Forrestal
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