Rio and Mongolia close the gap in copper dispute High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft to buy additional rights. ft/cms/s/0/c1ab4d92-427b-11e4-847d-00144feabdc0.html#ixzz3E8f0Gj72 The Rio Tinto-controlled company behind the Oyu Tolgoi copper project on Monday concluded a feasibility study for a $5bn expansion and welcomed a tax cut offered by local authorities, in signs of a possible end to a long dispute between Mongolia and the miner. Rio controls Turquoise Hill Resources, which owns 66 per cent of the project known as OT. Rio has started to export copper to China from OT but has put development of a second, more important, phase on hold. Several deadlines to agree project finance for construction have been postponed.
Posted on: Tue, 23 Sep 2014 11:49:02 +0000
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