The Global Resource For Connecting Buyers and Sellers

Turquoise Hill climbs on speculation Rio may take it private

Turquoise Hill Resources Ltd. soared amid speculation that its controlling shareholder  Rio Tinto Group is preparing for a commodity-price recovery by increasing its stake in the company. Rio Tinto has hired Goldman Sachs Group Inc. to advise it as the world’s second-largest miner looks into the possibility of taking Turquoise Hill private, a person with knowledge of the matter said. The news was reported earlier by the Sunday Times.