Oyu Tolgoi

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.

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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.

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.

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.

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).

Following on from the recent news that Rio Tinto was to open a new office in the Mongolian capital of Ulaanbaatar, Prime Minister of Mongolia Ukhnaagiin Khurelsukh has met with the miner’s chief executive Jean-Sébastien Jacques to further discuss their business relationship.

Rio Tinto today announced it is to open a new office in the Mongolian capital of Ulaanbaatar, expanding its employee count by upwards of 80 people throughout 2018.

Rio Tinto is spruiking “solid fourth quarter results”, in a bid to reassure shareholders after the doom and gloom announcement of a company-wide pay freeze last week.

​The Mongolian government has urged Rio Tinto to speed up development at the Oyu Tolgoi copper mine.

Rio Tinto’s Mongolian copper and gold mine, Oyu Tolgoi has appointed a new president and chief executive.

Mining giant Rio Tinto’s Mongolian subsidiary has consented to selling its 56 per cent stake in molybdenum and copper company Inova Resources.

Rio Tinto’s Oyu Tolgoi copper mine venture in Mongolia is in trouble again with the underground development facing further delays.

A mine collapse in Indonesia has decreased regional oversupply of raw materials and Chinese copper smelters are looking to Rio Tinto’s Oyu Tolgoi mine for concentrates in the spot market.

Australian taxpayers will assist Rio Tinto fund its Oyu Tolgoi mine expansion project in Mongolia, after Australia’s export credit agency decided to continue lending to multinational companies.

Rio Tinto has advanced its funding talks for an expansion of its Mongolian Oyu Tolgoi mine that’s been estimated to cost $5.1 billion.

Rio Tinto’s soon to be completed Oyu Tolgoi copper gold mine in Mongolia has secured its power supply with an unnamed Chinese power company, overcoming national rivalries to import power across the border.