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Mongolia asks Rio Tinto to replace Oyu Tolgoi’s deal – MINING.com
Rather than acting unilaterally, the government has asked Rio to mutually terminate the current contract.
Ulaanbaatar threatened in early January to halt construction at the mine, arguing that delays and higher-than-expected costs had eroded the economic benefits the country had hoped for.
Rio had in 2019 flagged stability risks associated with the original project design, which translated into as much as an additional $1.9 billion cost and a 30-month delay.
Mongolia threatened in January to halt construction at the mine expansion, arguing that delays and costs had eroded the economic benefits the country…
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