Turquoise Hill owner rejects Rio offer
SailingStone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TRQ), has declared that it will vote against a takeover bid from Rio Tinto. In Australia, Turquoise Hill Resources has stakes in mines containing gold, uranium, copper and the world’s highest grade molybdenum and rhenium. The special committee of independent directors at Turquoise Hill recently recommended …