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.

Published 2 months ago · Rio Tinto, Portugal

News Articles

More Filters

All

Left

Center

Right

Channel News Asia

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

LONDON : Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated $7.06 billion budget for the project's expansion, its mining minister told Reuters.The two partners have only just ended a long-running tussle over the u

2 months ago·Singapore

Read Full Article

Financial Post

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

LONDON -- Mongolia has asked Rio Tinto , its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated $7.06 billion budget for the project's expansion, its mining minister told Reuters.

2 months ago·Canada

Read Full Article