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Rio Tinto Plc RIO-N on Tuesday said its offer to buy the 49 per cent of Turquoise Hill Resources Ltd TRQ-T it does not already own for about $2.7-billion will “deliver value for all stakeholders” as it develops a massive copper and gold mining project in Mongolia.

The mining giant is facing rising pressure from Turquoise minority shareholders to boost the offer. “Rio Tinto is strongly committed to the long term success of Oyu Tolgoi and Mongolia,” Clayton Walker, Rio’s chief operating officer of copper, told the CRU-CESCO World Copper Conference in Santiago.

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