Oyu Tolgoi
News
Rio Tinto in danger of Oyu Tolgoi roadblock
The Government of Mongolia will review and evaluate Rio Tinto’s plans for the Oyu Tolgoi copper-gold project if the development does not prove to be economically beneficial.
January 13, 2021 0 comment
Rio Tinto updates Oyu Tolgoi production deadline
Rio Tinto expects to commence underground production at its Oyu Tolgoi copper-gold project in Mongolia by October 2022.
December 18, 2020 0 comment
Turquoise Hill seeks Oyu Tolgoi clarity from Rio Tinto
Turquoise Hill and Rio Tinto have commenced arbitration proceedings to seek an explanation of financing options for the Oyu Tolgoi gold and copper project in Mongolia.
November 9, 2020 0 comment
Rio Tinto to complete Oyu Tolgoi with extra funding
Rio Tinto has formed a plan to raise funding for the Oyu Tolgoi underground project in Mongolia after a cost blowout in July.
September 14, 2020 0 comment
Rio Tinto braces for massive Oyu Tolgoi cost blowout
Rio Tinto has recommended a new underground mine design for the Oyu Tolgoi copper-gold operation in Mongolia, bumping up its development capital by $US1.3–$US1.8 billion ($1.8–$2.5 billion).
July 3, 2020 0 comment
Construction of Oyu Tolgoi power plant to start in 2021
Rio Tinto has reached an agreement for the Government of Mongolia to fund and construct a state-owned power plant to power solution for the Oyu Tolgoi copper-gold project.
June 29, 2020 0 comment
Mongolia to construct Rio Tinto’s Oyu Tolgoi power plant
The Mongolian Government has notified Rio Tinto that it will develop a state-owned coal-fired power plant to fuel the Oyu Tolgoi copper-gold mine.
May 19, 2020 0 comment
Oyu Tolgoi remains operational despite coronavirus
Rio Tinto is working with the Government of Mongolia to operate the Oyu Tolgoi gold and copper project in accordance with Mongolia’s coronavirus related restrictions.
March 17, 2020 0 comment
Rio Tinto zeroes in on Minu copper plans
Rio Tinto plans to reach first production at the Winu copper-gold project in Western Australia in 2023, and is progressing discussions with the Traditional Owners to achieve this.
February 27, 2020 0 comment
Rio Tinto pursues international arbitration over Oyu Tolgoi dispute
Rio Tinto has initiated a formal international arbitration process to resolve a tax dispute with the Mongolian Tax Authority (MTA) over the Oyu Tolgoi project.
February 21, 2020 0 comment
Rio Tinto to establish Oyu Tolgoi coal power plant
Rio Tinto has progressed an option of constructing a coal power plant to fuel the Oyu Tolgoi copper mine in Mongolia’s Gobi Desert.
February 19, 2020 0 comment
Rio Tinto boosts Amrun bauxite output as iron ore dips
Rio Tinto has executed its ramp up of the Amrun project in Far North Queensland as planned, with the operations driving strong performance in the company’s bauxite division.
January 17, 2020 0 comment
Rio Tinto, Mongolian Government secure lawsuit win
The Mongolian Parliament has reinstated investment agreements relating to the Oyu Tolgoi project between Rio Tinto and the Mongolian government.
December 12, 2019 0 comment
Rio Tinto ‘strongly refutes’ Oyu Tolgoi legal accusations
Rio Tinto is facing another blow at the Oyu Tolgoi project in Mongolia with a non-governmental organisation (NGO) initiating a lawsuit relating to the project’s development and finalisation.
November 20, 2019 0 comment
Rio Tinto reaches key Oyu Tolgoi development milestone
Rio Tinto is set to accelerate its underground development work at the Oyu Tolgoi copper-gold mine with the completion of shaft two at the Mongolian site.
November 6, 2019 0 comment
Top five mining stories last week
Stay on top of the most read articles on the Australian Mining website over the past week, including the rise of mining salaries around the country.
July 22, 2019 0 comment
Rio Tinto hit by cost blowout at Oyu Tolgoi
Rio Tinto’s cost expectations for its majority-owned Oyu Tolgoi underground mine in Mongolia have risen considerably as the company released its latest quarterly statement today.
July 16, 2019 0 comment
Rio Tinto capex increases by a third, costs up $530m
Rio Tinto has posted its half-year financial results for 2018, revealing a significant capex increase of 34 per cent and cost hike of $530 million.
August 2, 2018 0 comment
Rio Tinto addresses executive pay structure
Rio Tinto plc has held its annual general meeting at its London headquarters, with chief executive Jean Sebastien (JS) Jacques and chairman Simon Thompson delivering speeches to attendees.
April 12, 2018 0 comment
Rio Tinto affirms commitment to power delivery for Mongolian mine
Rio Tinto has expressed its commitment to seeking a new power delivery solution for its part-owned Oyu Tolgoi copper-gold mine following the Mongolian Government’s cancellation of 2014’s Power Sector Cooperation Agreement (PSCA).
February 19, 2018 0 comment