Mongolia’s Oyu Tolgoi Mine Gets Continued Funding Through April
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The board of Mongolia’s Oyu Tolgoi copper and gold mine agreed to continue funding the project through April, Mining Minister Davaajav Gankhuyag said in a mobile-phone text message.
The mine, 66 percent-owned by Rio Tinto Group and 34 percent-owned by the Mongolian government, is operating on a month-to-month budget and requires approval from the board of directors. International investors currently cash fund the entire project.