Mongolia threatens to cancel Oyu Tolgoi investment agreement

Mining News Pro - The Mongolian government has threatened to declare the 2009 Oyu Tolgoi mine investment agreement void if an international tax arbitration is not dismissed.

Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China

معدن نیوز -Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to COVID-19-led curbs.

Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi

Mining News Pro - Rio Tinto and its majority-owned Turquoise Hill Resources have reached a deal that ends a standoff between the companies over funding for an expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.

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.

Rio Tinto still committed to Oyu Tolgoi

Mining News Pro - Rio Tinto remains committed to the Oyu Tolgoi copper mine in Mongolia, CEO Jakob Stausholm said on Wednesday during the group’s year-end results call.

Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi deal

Mining News Pro - Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it with a new agreement.

Stakes high for Rio Tinto, Mongolia as Oyu Tolgoi talks loom

Mining News Pro - The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits from an ongoing underground expansion.

Rio Tinto in danger of Oyu Tolgoi roadblock

Mining News Pro - The Government of Mongolia will review and evaluate Rio Tinto’s plans for the Oyu Tolgoi copper-gold project if the development does not prove to be economically beneficial.

Mongolia may revoke Rio Tinto’s plan for Oyu Tolgoi

Mining News Pro - The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Canada’s Turquoise Hill said on Monday.

Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi

Mining News Pro - Turquoise Hill Resources said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its massive Oyu Tolgoi copper and gold project in Mongolia.

Rio Tinto updates Oyu Tolgoi production deadline

Mining News Pro - Rio Tinto expects to commence underground production at the Oyu Tolgoi copper-gold project in Mongolia by October 2022.

Rio Tinto’s $6.7bn Oyu Tolgoi expansion begins in 2022

Mining News Pro - Rio Tinto unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that it will come with a price tag of $6.75 billion.

Oyu Tolgoi underground production to start in 2022

Mining News Pro - Diversified major Rio Tinto on Wednesday unveiled that underground production from the Oyu Tolgoi copper/gold mine, in Mongolia, is expected to start in October 2022.

US fund threatens Rio with legal action over Oyu Tolgoi

Mining News Pro - The world’s second-largest miner, Rio Tinto, (ASX, LON, NYSE: RIO) is facing stronger headwinds over how to finance its massive Oyu Tolgoi underground copper project in Mongolia after a US hedge fund threatened the company with legal action.

Fund warns Turquoise Hill over troubled Oyu Tolgoi

Mining News Pro - London investment firm Odey Asset Management has accused Turquoise Hill of destroying value through lack of action over problems at Oyu Tolgoi.

Turquoise Hill seeks Oyu Tolgoi clarity from Rio Tinto

Mining News Pro - Rio Tinto and Turquoise Hill have commenced arbitration proceedings to seek an explanation of financing options for the Oyu Tolgoi gold-copper project in Mongolia.

Rio Tinto to complete Oyu Tolgoi with extra funding

Mining News Pro - Rio Tinto has formed a plan to raise funding for the Oyu Tolgoi underground project in Mongolia after a cost blowout in July.

Rio Tinto to complete Oyu Tolgoi with extra funding

Mining News Pro - Rio Tinto has formed a plan to raise funding for the Oyu Tolgoi underground project in Mongolia after a cost blowout in July.

Turquoise Hill says uncertain when Oyu Tolgoi shaft work can resume

Mining News Pro - It remains uncertain when work on the shafts providing ventilation to support the production ramp-up for Panels 1 and 2 at the Oyu Tolgoi underground project, in Mongolia, will be able to resume.

Rio Tinto braces for massive Oyu Tolgoi cost blowout

Mining News Pro - Rio Tinto has recommended a new underground mine design for the Oyu Tolgoi copper-gold operation in Mongolia, bumping up its development capital by $1.3–$1.8 billion.

Rio Tinto strikes power deal for Oyu Tolgoi

Mining News Pro - The world’s second-largest miner, Rio Tinto, has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located in the Gobi Desert.

Construction of Oyu Tolgoi power plant to start in 2021

Mining News Pro - Rio Tinto has reached an agreement with its Oyu Tolgoi partners that will see the Government of Mongolia fund and construct a state-owned power plant for the copper-gold project.

Turquoise Hill updates mine design for Oyu Tolgoi underground

Mining News Pro - Rio Tinto-controlled Turquoise Hill has completed the updated mine design for Panel 0 – the first panel of mining at its Oyu Tolgoi underground project – narrowing the previously announced cost overrun and delay ranges.

Turquoise Hill expects Oyu Tolgoi blowout to top $1.8bn

Mining News Pro - Canada’s Turquoise Hill Resources said this week that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost as much as an additional $1.8 billion.

Rio faces investor rebellion over Oyu Tolgoi

Mining News Pro - Rio Tinto is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shakeup at the Oyu Tolgoi operation over what it claims is “a massive devaluation” of the asset.

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