Rio’s Mongolia Mine Cuts 1,700 Workers Amid Funding Dispute
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As many as 1,700 workers at Rio Tinto Group’s $6.6 billion Oyu Tolgoi copper and gold mining project in Mongolia, where shipments began last month, have been laid off amid a financing dispute.
“This is a difficult time for everyone at Oyu Tolgoi but it is especially difficult for those who work on the underground mine,” Rio’s Oyu Tolgoi LLC said in an e-mailed statement. The layoffs are a mix of contractors and employees.