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<title>Mongolia Online - Rio to Spend C$245 Million Increasing Ivanhoe Stake</title>
<link>http://www.mongoliaonline.com/Mining/rio-to-spend-c245-million-increasing-ivanhoe-stake/</link>
<description>March 1 (Bloomberg) -- Rio Tinto Group, the world’s third- largest mining company, will spend C$245 million ($233 million) to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project in Mongolia.Rio will buy 15 million shares at C$16.31 each, the London- based company said today in a statement to the Australian Stock Exchange. That will lift its h...</description>
<pubDate>Sun, 28 Feb 2010 14:54:34 EST</pubDate>
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