Rio Tinto CEO makes clear that offer is final on giant copper mine

Rio Tinto CEO Jakob Stausholm made it clear Tuesday that its offer is final to take over a company that is behind one of the world’s largest copper mines.

Speaking during an interview at Bloomberg News headquarters in New York, Stausholm said the world’s second-largest miner has made a full offer to acquire full ownership of Turquoise Hill Resources. Rio will not make any more offers if it’s rejected by minority shareholders, despite criticism from a top investor saying the offer undervalued the project.