Rio Tinto says has no plan to lift stake in Turquoise Hill

Wed Aug 3, 2016 3:06am EDT
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MELBOURNE Aug 3 (Reuters) - Rio Tinto has no plan to increase its majority stake in Turquoise Hill Resources , chief executive Jean-Sébastien Jacques told reporters on Thursday.

Turquoise Hill owns 66 percent of the Oyu Tolgoi copper mine in Mongolia, a key growth asset for Rio Tinto.

"There is no plan to increase our equity stake in Turquoise Hill," Jacques said on a conference call following the release of Rio Tinto's half-year results.

(Reporting by Sonali Paul; Editing by Richard Pullin)