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USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Rio Tinto Chief Financial Officer Turquoise Hill

USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Rio Tinto Chief Financial Officer Turquoise Hill

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