Rio dish up $US350m facility for Mongolian mine

CONSTRUCTION of the massive Oyu Tolgoi copper-gold mine in Mongolia’s South Gobi region has been boosted after Rio Tinto announced it would provide Ivanhoe Mines with a $US350 million ($A420 million) credit facility to fund the project’s development.

Rio dish up $US350m facility for Mongolian mine Rio dish up $US350m facility for Mongolian mine Rio dish up $US350m facility for Mongolian mine Rio dish up $US350m facility for Mongolian mine Rio dish up $US350m facility for Mongolian mine

In a statement, Rio said the facility would fund mine development activities at Oyu Tolgoi while Ivanhoe and Rio finalised an investment agreement with the Mongolian Government.

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