Rio Revising Mongolia Mine Costs After $4.4 Billion Funding

Updated on
  • Financing package secured for Oyu Tolgoi mine expansion
  • Rio says project costs to be finalized in coming three months

Rio Tinto ‘Well Positioned’ for a Tough 2016, says CEO

Rio Tinto Group, the world’s second-biggest mining company, is revising the cost estimate to expand Mongolia’s Oyu Tolgoi copper and gold mine after agreeing a $4.4 billion financing package.

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