Oyu Tolgoi Partners Resolve Some Differences on Expansion Plan

Mongolia and Rio Tinto Group made progress in resolving project financing and other disputes stalling the expansion of their $6.6 billion Oyu Tolgoi copper mine, a Mongolian board member of the venture said.

Negotiations will resume in Ulaanbaatar on Oct. 7, Ganzorig Temuulen, one of three Mongolian nationals on the Oyu Tolgoi LLC board, said at a press conference in the Mongolian capital yesterday. His comments followed a meeting between the shareholders in London.