Rio Tinto, Mongolia to continue funding Oyu Tolgoi project

The Mongolian government and miner Rio Tinto have agreed to continue funding the $6.6-billion Oyu Tolgoi copper-gold project in the South Gobi region so as to keep the mine on track to achieve production in June end.

“All parties have agreed to continue discussions during March 2013 with a goal of resolving the issues in the near term,” Turquoise Hill Resources, which is majority-owned and controlled by...

Published

Shivani Singh

March 01, 2013

10:05 GMT

Singapore