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Mongolia calls on Rio Tinto to keep budget for giant copper mine in check

Summary by Ground News
Mongolia owns 34 per cent and Rio Tinto 66 per cent of Oyu Tolgoi. Cost to expand the facility have ballooned from an original estimate of $5.3 billion in 2016. Mongolia is trying to promote more foreign investment after poor governance of its state-owned mining companies.

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50% Right
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Financial Post broke the news in Canada on Thursday, January 26, 2023.
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