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Resources reporter
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne.
Connect with Peter on Twitter. Email Peter at pker@afr.com

Big suitor: Rio Tinto
Commodities: Copper, gold
Country: Mongolia
Some type of deal will happen between Entree and Rio, the only question
is whether Rio buys Entree’s stake in tenements adjacent to its Oyu Tolgoi
copper mine, or whether it buys Entree outright.
Rio has owned 16.1 per cent of Entree shares for more than a decade, but it
needs to act soon because the tenements that are minority-owned by
Entree are scheduled to be mined by Oyu Tolgoi within the next 12 to 18
months.

Under that schedule, preparatory work should be happening on the Entree
tenements right now, but it is being frustrated by the need to strike a
commercial deal first.
Entree had a win over Rio on December 19 when an independent
arbitration tribunal adopted Entree’s interpretation of how certain
transactions between the two companies should be struck.
Entree shares have risen tenfold since March 2020, demonstrating how
Rio could have fixed up this mess much cheaper had it acted sooner.
Entree shares have more than doubled over the past year and are up 68 per
cent in the past six months.
It’s hard to see the value equation getting better for Rio if they hold out
long enough to start sabotaging Oyu Tolgoi’s grades and volumes.

And by XEA.nl
Horizon Copper heeft ca. 24 % of Entree Resources.
This shares have a lot of potential!