Rio Tinto To Start Next Stage Of Development At Mongolia Mine
May 06 2016 - 3:23AM
Dow Jones News
By Rory Gallivan
LONDON-- Rio Tinto PLC (RIO.LN) Friday announced a next stage of
development at the Oyu Tolgoi copper and gold mine in Mongolia,
paving the way for production to start in 2020.
The London-listed mining giant and its partners, the Mongolian
government and Turquoise Hill Resources Ltd (TRQ), have approved
the next stage of development on the mine, which will start in
mid-2016, Rio said.
The development involves $5.3 billion of investment by the
partners, Rio Tinto said.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
May 06, 2016 03:08 ET (07:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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