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Tuesday, March 2, 2021 - 10:33:47 PM
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Mining News Pro - Rio Tinto and the Mongolian government are said to have reached a new agreement governing the $6.75 billion expansion of the vast Oyu Tolgoi copper-gold mine in the Gobi Desert.
The deal would end a three-month spat between the world’s second-largest miner and Mongolia, triggered in part by Rio’s confirmation of a “definitive estimate” budget for the project. The fresh figure was $1.45 billion higher than the original expected cost set up in 2015.
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