Rio’s Turquoise Hill Says Parties to Seek OT Funding Extension

Turquoise Hill Resources Ltd., the miner controlled by Rio Tinto Group, said all parties in the Oyu Tolgoi copper mine in Mongolia agreed to seek a funding extension for the underground expansion amid talks with the government.

Requests to extend the funding commitments to Sept. 30 will be sent to lenders, Kay Priestly, chief executive officer of Vancouver-based Turquoise Hill, said in statement yesterday.