Rio Tinto delays Oyu Tolgoi underground mine

Jul 29, 2013 | 11:07 AM |

Tags  Oyu Tolgoi, copper, gold, Mongolia parliament, Rio Tinto, Turquoise Hill, underground mine, Shivani Singh

SINGAPORE — Rio Tinto Plc has delayed development of the underground mine at Oyu Tolgoi in Mongolia as the terms of project financing will need to be approved by the country’s parliament, the miner said July 29.

"The Mongolian parliament is currently in summer recess and the parliamentary approval process may take some time to work through," Rio Tinto said.....

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