Rio Tinto discredits report it will stop work at Oyu Tolgoi

Jan 31, 2013 | 11:06 AM | Mark Burton

Tags  Rio Tinto, copper, Oyu Tolgoi, Mongolia, Mark Burton

LONDON — The Oyu Tolgoi copper-gold mine in Mongolia is on track to achieve commercial production in the first half of the year, Rio Tinto Plc said in response to a media report that it was considering halting work at the mine.

A Bloomberg report Jan. 30 claimed that Rio Tinto was considering halting development work to protest the Mongolian government’s demands for new mining royalties and a bigger stake in the $6.2-billion project. ....

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