Turquoise Hill confirms that the Oyu Tolgoi LLC board of directors has approved a bridging budget of $75 million to continue critical activities at the Oyu Tolgoi underground mine development project in southern Mongolia. The approval reflects the progress made during recent negotiations between Turquoise Hill, the Mongolian government and Rio Tinto about the expansion of the Oyu Tolgoi copper-gold…
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Review into Oyu Tolgoi costs ‘raises questions’ of Rio Tinto
Oyu Tolgoi partial owner Turquoise Hill Resources has commented on a third-party consulting report reviewing the ballooning costs and timeline for the Mongolian project, confirming it will be seeking clarifications from the authors. Read full article in The Asia Miner.
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