Rio Tinto May Seek Changes to Management of Ivanhoe Mines

Rio Tinto Group, the world’s third-largest mining company, may seek to replace Ivanhoe Mines Ltd.’s senior management after moving to increase its stake to 51 percent this week.

Rio is reviewing Ivanhoe’s management though it has no “current plan to make any change in the present board of directors or management,” London-based Rio said in a filing. “The Rio Tinto companies anticipate that they will, in the future, seek the replacement of some of the management, including senior management, of the company and at least a majority of the non-Rio Tinto appointed directors.”