Rio Tinto has formed a plan to raise funding for the Oyu Tolgoi underground project in Mongolia after a cost blowout in July.
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).
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.
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.
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.
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.
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.
Rio Tinto has progressed an option of constructing a coal power plant to fuel the Oyu Tolgoi copper mine in Mongolia’s Gobi Desert.
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.
The Mongolian Parliament has reinstated investment agreements relating to the Oyu Tolgoi project between Rio Tinto and the Mongolian government.
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.
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.