Rio, Mongolia Extend Oyu Tolgoi Funding as Talks Continue
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Turquoise Hill Resources Ltd., the Rio Tinto Group unit in charge of the Oyu Tolgoi copper and gold project, said construction funding was extended while talks continue with Mongolia’s government to resolve disputes.
“The Oyu Tolgoi LLC board has approved continued funding to progress the project,” Vancouver-based Turquoise Hill said in a statement. “All parties have agreed to continue discussions during March 2013, with a goal of resolving the issues in the near term.”