- Write by:
-
Tuesday, August 31, 2021 - 11:35:52
-
625 Visit
-
Print
Mining News Pro - Global miner Rio Tinto is willing to cut interest rates on loans to the Mongolian government, given to fund its share of the construction costs at the Oyu Tolgoi copper/gold mine, the Financial Times reported on Monday.
In exchange for the cuts, Rio wants several regulatory and budgetary issues resolved and a long-term power agreement for Oyu Tolgoi, the FT reported, citing a letter from Rio Tinto to Mongolia's prime minister last week.
Earlier this month, an independent review of cost overruns at the project had suggested that they were not caused by geology issues, and had raised "certain questions in relation to the project management process".
Rio and Turquoise Hill Resources in April reached an agreement over funding to expand the mine. The mine is 34%-owned by the Mongolian government with the rest held by Turquoise Hill, in which Rio owns a 50.8% stake.
Short Link:
https://www.miningnews.ir/En/News/615450
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Peru’s copper production came in essentially flat for March at about 219,000 metric tons, government data showed on ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
No comments have been posted yet ...