latest news

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

Rio Tinto (ASX, LON:RIO) secured Tuesday a multi-billion agreement to finance a huge expansion of its giant Oyu Tolgoi copper-gold open pit mine in Mongolia and said that a final decision whether to forge ahead with construction will be made in the first half of 2016.

Cabinet members receive Oyu Tolgoi investors

Following the singing of the financial agreement for expanding Oyu Tolgoi’s (OT) underground mine, members of Cabinet and other officials received OT investors on December 16.

Germany to issue 745 million USD loan guarantee for Tsagaan Suvarga project reported that the Government of Germany will make 745 million USD in investments in the Tsagaan Suvarga copper-molybdenum deposit mega project in the form of loan guarantees.