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Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi


Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi
The Oyu Tolgoi mine expansion has seen costs balloon to $6.75 billion, about $1.4 billion higher than Rio’s estimate in 2016. (
Rio Tinto (ASX, LON, NYSE: RIO) and its majority-owned Turquoise Hill Resources (TSX, NYSE: TRQ) 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.
The funding plan addresses the remaining $2.3 billion needed for the underground project, building on and replacing deals set up under a memorandum of understanding inked in September last year.
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British Columbia , Steve Thibeault , Oyu Tolgoi , Rio Tinto , Turquoise Hill , Bold Baatar , East Asian , How Rio Tinto , South Gobi , பிரிட்டிஷ் கொலம்பியா , ஸ்டீவ் திபேஒுல்த , ரியோ டின்டோ , டர்க்கைஸ் மலை , கிழக்கு ஆசிய , எப்படி ரியோ டின்டோ , தெற்கு கோபி ,