Ivanhoe Mines, Rio Tinto talks reportedly stall

SYDNEY (MarketWatch) -- Talks over a poison pill scheme to prevent Rio Tinto /quotes/comstock/22x!e:rio (AU:RIO 75.30, +0.15, +0.20%) /quotes/comstock/13*!rtp/quotes/nls/rtp (RTP 55.89, -0.13, -0.23%) from taking a controlling stake in Canada's Ivanhoe Mines /quotes/comstock/13*!ivn/quotes/nls/ivn (IVN 19.74, +0.36, +1.86%) /quotes/comstock/11t!e:ivn (CA:IVN 20.20, +0.26, +1.30%) have stalled, the Australian newspaper reported Wednesday. Rio Tinto holds 34.9% of Ivanhoe and the parties are now likely to head to the Canadian courts, the paper reported. Under the scheme, a shareholder is barred from holding more than an agreed level in Ivanhoe without making a formal offer to its shareholders.