Rio reaches 'crucial' agreement with Mongolia

RIO Tinto and Turquoise Hill Resources have reached an agreement with the Mongolian government that will allow the US$7 billion Oyu Tolgoi underground expansion to proceed.

Rio reaches 'crucial' agreement with Mongolia Rio reaches 'crucial' agreement with Mongolia Rio reaches 'crucial' agreement with Mongolia Rio reaches 'crucial' agreement with Mongolia Rio reaches 'crucial' agreement with Mongolia

Underground at Oyu Tolgoi

The government has accepted 66% owner Turquoise Hill's offer to waive US$2.4 billion of debt owed by state-owned Erdenes Oyu Tolgoi (EOT).