Rio Tinto is facing the threat of the Mongolian government halting the $8.7 billion expansion of its Oyu Tolgoi copper-gold mine, its top growth project.
Mongolia threatens to terminate Rio Tinto’s Oyu Tolgoi expansion
Doubts are growing over Rio’s most important growth project, with the Mongolian government warning that returns are not attractive enough for it to proceed.
Mongolia threatens to halt Rio Tinto copper project
Rio Tinto is facing an escalation of its problems in Mongolia, where the government has threatened to halt development of its huge underground copper deposit. Oyu Tolgoi mine in the Gobi Desert is …
Foreign travelers visiting Mongolia decreased by 89.5 percent
In 2020, 1 361.1 thousand passengers (double counting) had crossed the border of Mongolia, decreased by 4.8 million or 78.4% compared to the previous year.
Mongolia considers terminating, replacing plan to develop Oyu Tolgoi copper mine
The Government of Mongolia is considering terminating and replacing the development and financial plan for the Oyu Tolgoi copper mine in the country, Rio Tinto-controlled Turquoise Hill Resources said …
Feature: Mongolian business owners glad to see lockdown measures ease in capital
Though the number of COVID-19 infections is on the rise, Mongolia partially eased the COVID-19 lockdown measures in the country’s capital Ulan Bator starting from Monday with certain conditions to …
Mongolia produces 98 percent of electrical supply domestically
Mongolia has started to domestically produce 98 percent of its electrical supply after four turbo-generators of Thermal Power Plant No. 3 in the Mongolian capital of Ulan Bator have been upgraded and …
Mongolia starts to supply over 90 percent of power with domestic sources
In accordance with an intergovernmental agreement between Mongolia and the Russian Federation, four turbo-generators of the Thermal Power Plant No.4 have been upgraded and connected to the Central …
UPDATE 2-Mongolia considers terminating Oyu Tolgoi copper mine expansion as costs jump -developer
Rio Tinto-controlled Turquoise Hill Resources said on Monday that Mongolia’s government is considering terminating the companies’ underground expansion of their Oyu Tolgoi copper mine project due to …
Mongolia: Foreign tourists drop by 89.5 percent
According to official statistics, the number of foreign tourists to Mongolia in 2020 fell by 89.5 percent from the past year because of the coronavirus pandemic.
Mongolia got a total of …