Rio Tinto Invests In Ivanhoe

Rio Tinto plc (RTP) agreed to invest as much as $1.5 billion in Ivanhoe Mines Ltd. (IVN) to develop gold and mining resources in Mongolia. Shares of Ivanhoe surged $2.16 to close at $8.69 while Rio Tinto stock climbed $3.49 to close at $206.05.