Aluminum and Copper

Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal

Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal
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.
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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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