Mining News

Rio Tinto to cancel Mongolia’s US$2.3B debt – by James Thornhill and Terrence Edwards (Bloomberg News – December 13, 2021) Rio Tinto Group will cancel US$2.3 billion in debt owed by Mongolia as the miner seeks to push forward with expanding the giant Oyu Tolgoi copper project that’s been beset by years of disputes, delays and cost blowouts. Rio’s Chief Executive Officer Jakob Stausholm proposed improved terms for a 2015 financing agreement that underpins …

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