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13 Jan
14:36

COPPER: Mongolia threatening Rio Tinto underground mine

The government of Mongolia is threatening to halt Rio Tinto’s development of its Oyu Tolgoi underground copper-gold mine in the Gobi Desert, Kallanish reports. Mongolia is worried about cost overruns and has said it may terminate financial agreements that support the project unless the cost overruns of $3 billion are controlled and delays end, The Financial Times says. It notes that the Asian country is worried that it may never receive a dividend from the m…
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