Rio bows to the inevitable at Oyu Tolgoi

Rio bows to the inevitable at Oyu Tolgoi

The $2.3B debt write-off could be a small price to pay for a 100-year copper operation, writes Fitzy...

Barry Fitzgerald

15 DECEMBER 2021
Rio Tinto offers to write off Mongolia's $2.3B Oyu Tolgoi debt

Rio Tinto offers to write off Mongolia's $2.3B Oyu Tolgoi debt

Stausholm held talks in Ulaanbaatar last month

Politics

14 DECEMBER 2021
Oyu Tolgoi expansion at risk of suspension

Oyu Tolgoi expansion at risk of suspension

'It goes without saying that the costs and risks associated with this action would be enormous'

Feasibility

04 NOVEMBER 2021
Rio cuts iron ore, copper guidance

Rio cuts iron ore, copper guidance

Further delays to Oyu Tolgoi, Winu

Bulks

15 OCTOBER 2021
Review blames Rio mismanagement for Oyu Tolgoi woes

Review blames Rio mismanagement for Oyu Tolgoi woes

Consultants suggest ground conditions were not to blame for cost, timeline blowout

Feasibility

10 AUGUST 2021
Rio facing higher WA costs due to labour, COVID, heritage

Rio facing higher WA costs due to labour, COVID, heritage

Issues to further delay Winu

Covid-19

16 JULY 2021
Oyu Tolgoi budget, schedule under further pressure

Oyu Tolgoi budget, schedule under further pressure

$6.75B underground expansion likely to cost more

Feasibility

14 MAY 2021
'Mediocre' start to the year for Rio

'Mediocre' start to the year for Rio

Rio lifts iron ore shipments despite multiple challenges

Bulks

20 APRIL 2021
Rio and Turquoise Hill agree to OT financing plan

Rio and Turquoise Hill agree to OT financing plan

Bad news for TRQ minorities

Project finance

12 APRIL 2021
Rio misses (again) on the G in ESG

Rio misses (again) on the G in ESG

Rio's already tarnished ESG credentials have taken another hit, writes Barry FitzGerald

Barry Fitzgerald

10 MARCH 2021
Winu production pushed back to 2024

Winu production pushed back to 2024

No 'big bang' in Rio's full-year production results and outlook

Feasibility

19 JANUARY 2021
Mongolia unhappy with Rio's new Oyu Tolgoi plan

Mongolia unhappy with Rio's new Oyu Tolgoi plan

Major project faces mounting issues

Politics

12 JANUARY 2021