Rio Tinto (ASX, LON, NYSE: RIO) and the Mongolian government are said to have reached a new agreement governing the $6.75 billion expansion of the vast Oyu Tolgoi copper-gold mine in the Gobi Desert.
Rio Tinto, Mongolia reach deal to replace Oyu Tolgoi expansion plan
News of the agreement come as the Australian Taxation Office has hit the miner with a fresh A$406.5 million ($317m) bill.
Rio and Mongolia agree to replace $7bn plan to expand copper mine
ULAANBAATAR — After weeks of escalating tensions and leadership turmoil, Mongolia and Rio Tinto have agreed to work out a new arrangement to finance the costly expansion of the vast Oyu Tolgoi …
Inner Mongolia to Shut Down Crypto Mining Industry: Report
Inner Mongolia, an autonomous region of China, is banning cryptocurrency mining, according to a Bloomberg report on Monday. The region plans to force cryptocurrency mining projects to close by April, …
China’s Inner Mongolia to end cryptocurrency mining, ban new steel, coke projects
China’s Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, such as steel, coke and methanol production, as …
Finance Minister receives Australian Ambassador
Minister of Finance B.Javkhlan received Ambassador Extraordinary and Plenipotentiary of Australia to Mongolia Dave Vosen on February 26.
Frontier markets deal: Mongolia’s US$600m 5.125% bonds due 2026
The frontier sovereign tackled its US dollar maturities with time aplenty, funding a tender offer with a new bond issue in September that repriced its curve and brought in new investors. Mongolia sold …
Frontier markets deal: Mongolia’s US$600m 5.125% bonds due 2026
The frontier sovereign tackled its US dollar maturities with time aplenty, funding a tender offer with a new bond issue in September that repriced its curve and brought in new investors. Mongolia sold …
Proposal made to manufacture rail fastening system parts in Mongolia
Minister of Road and Transport Development L.Khaltar had an online meeting with Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Mongolia …
WSDG Completes Inner Mongolia’s T-One Studios Via Cutting-Edge ‘Virtual Design Program’
Global acoustic consulting and A/V integration firm WSDG have announced the completion of work on T-One Studios, the first professional recording studio of its kind in China’s Inner Mongolia province.