‘Patience could run out’: Mongolia warns Rio over copper mine Hans van LeeuwenEurope correspondent
Oct 9, 2021 – 4.56am
London | The Mongolian government has warned Rio Tinto that its “patience could run out soon” unless progress is made over delays and cost blowouts at the $US6.75 billion ($9.25 billion) Oyu Tolgoi copper mine.
In a letter from Mongolia’s Justice Minister Khishgeegiin Nyambaatar to Rio Tinto’s copper boss Bold Baatar, seen by The Australian Financial Review, the government said it was “surprised and disappointed” at Rio’s response to a July independent report that disputed the company’s claims about why the project was two years behind schedule and $US1.45 billion over budget.
RIO Price at posting:
$100.40 Sentiment: None Disclosure: Not Held
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