VENTURE CAPITAL POST

According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.

Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.

A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd.

A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.

Sources said that Mongolian businessman Bold Baatar is most likely to be appointed as the head of Oyu Tolgoi when Cameron McRae exits this October.

Teck Resources Ltd was tagged as one of the remaining interested companies set to acquire the Rio Tinto Group's 59% stake claim in Iron Ore Co.

China Molybdenum acquired Rio Tinto’s stake in a New South Wales mining project for US $820 million.

Rio Tinto's agreement with EDF for its electricity is due on 2016, requiring the mining giant to seek options to improve efficiency and negotiate for a new contract.

More discussions between Rio and Glencore is said to have transpired after early talks were held for the venture of two thermal coal assets in Australia.

Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.

Rio extends budget after impasse with Mongolian government over mining project.

Rio Tinto (RIO.AX) (RIO.L) will spend $3.7 billion to boost its Australian output of iron ore.