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Rio Tinto says has no plan to lift stake in Turquoise Hill

Published 2016-08-03, 03:06 a/m
© Reuters.  Rio Tinto says has no plan to lift stake in Turquoise Hill
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MELBOURNE, Aug 3 (Reuters) - Rio Tinto (LON:RIO) has no plan to increase its majority stake in Turquoise Hill Resources TRQ.TO , chief executive Jean-Sébastien Jacques told reporters on Thursday.

Turquoise Hill owns 66 percent of the Oyu Tolgoi copper mine in Mongolia, a key growth asset for Rio Tinto.

"There is no plan to increase our equity stake in Turquoise Hill," Jacques said on a conference call following the release of Rio Tinto's half-year results.

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