Turquoise Hill flags $200 million cost increase at Oyu Tolgoi
Mining News Pro - Canada’s Turquoise Hill Resources flagged after markets closed on Thursday a $200 million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.
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Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Mining News Pro - Rio Tinto flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia.
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Mongolia urges transparency as Rio Tinto seeks control of Oyu Tolgoi
Mining News Pro - A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project.
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Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Turquoise Hill okays Oyu Tolgoi $75m bridging budget
Mining News Pro - Turquoise Hill Resources’ board has approved a bridging budget of $75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the operation’s underground expansion.
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Turquoise Hill says Oyu Tolgoi needs another $1.2 billion funding
Mining News Pro - Vancouver-based Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi copper mine in Mongolia was now $1.2 billion higher than previously expected.
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Rio Tinto disputes report that mismanagement caused Oyu Tolgoi’s woes
Mining News Pro - Rio Tinto is challenging the findings of an independent review into $1.4 billion in cost overruns and delays at the Oyu Tolgoi mine in Mongolia, restating the project’s troubles were caused by unpredictable geology issues.
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Rio Tinto ready to cut rates on loans to Mongolia for Oyu Tolgoi development
Mining News Pro - Global miner Rio Tinto is willing to cut interest rates on loans to the Mongolian government, given to fund its share of the construction costs at the Oyu Tolgoi copper/gold mine, the Financial Times reported on Monday.
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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.
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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.
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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.
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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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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