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...UK-listed Rio Tinto operates the Oyu Tolgoi copper mine, the largest foreign direct investment in the country, while France’s state-backed Orano is aiming to develop Mongolia’s first uranium mine....
...Stausholm, interviewed at Rio Tinto’s Oyu Tolgoi copper mine in Mongolia, which supplies the Chinese market about 80km away, said Rio had not faced pressure from western governments to reduce exposure to...
...Baatar, who helped the mining group turn around the expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in heading its commercial and business activities....
...Baatar, who joined Rio in 2013 and helped the world’s second-largest mining group turn around the underground expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in...
...That reflects Rio’s $15bn investment into the giant Oyu Tolgoi copper mine in Mongolia, where production is just starting to ramp up....
...This will come alongside further tonnage from Oyu Tolgoi in the copper business, as it is expected to increase to 500,000 tonnes a year by 2028....
...Stausholm said Rio would seek merger opportunities after buying out Turquoise Hill, the Canadian investor in Oyu Tolgoi, and its purchase of a stake in aluminium recycling company Matalco....
...In addition to the Simandou project, Rio Tinto is ramping up production at the Oyu Tolgoi underground copper mine in Mongolia, aiming to produce 500,000 tonnes a year of the metal from 2028....
...The Mongolian government wants Rio to build a copper smelter adjacent to Oyu Tolgoi, which the company is reviewing....
...Rio Tinto’s second-quarter production report showed a stabilising of its iron ore operations in the Pilbara region of Western Australia and guided towards a trebling of copper production from its Oyu Tolgoi...
...Yet Oyu Tolgoi’s own chequered past highlights the rocky road ahead....
...Rio operates the mine and owns 51 per cent of Turquoise Hill, which owns 66 per cent of Oyu Tolgoi. The remaining stake is held by the Mongolian government....
...“This suggests that the Oyu Tolgoi soap opera has several more twists to come,” he added....
...Rio operates the mine and owns 51 per cent of Turquoise Hill, which owns 66 per cent of Oyu Tolgoi. The remaining stake in Oyu Tolgoi is held by the Mongolian government....
...While Rio operates Oyu Tolgoi, it does not have a direct stake in the project, instead holding a 51 per cent stake in Turquoise Hill, which in turn owns 66 per cent of Oyu Tolgoi....
...Turquoise Hill holds 66 per cent of the Oyu Tolgoi project, one of the world’s largest known copper and gold deposits located in the Gobi desert....
...“We work well with our Chinese customers because our Chinese customers, like us, think long term,” he said in an interview at Oyu Tolgoi in July....
...Once the underground project is complete, Oyu Tolgoi will be one of the world’s biggest copper mines....
...Rio Tinto was discussing its own strategy at the investor day, following the $3.3bn buy out of Canada’s Turquoise Hill last week that gave it greater control of the Mongolian copper mine Oyu Tolgoi....
...Rio Tinto’s takeover of Turquoise Hill will extend its control over the Oyu Tolgoi copper mine in Mongolia, set to be the world’s fourth-largest copper mine when completed....
...Rio Tinto has agreed to pay $3.3bn to take full ownership of Canada’s Turquoise Hill, giving it greater control over the Oyu Tolgoi copper mine in Mongolia....
...Rio paid $3.3bn last year to buy out Canada’s Turquoise Hill to gain greater control of the vast Mongolian copper mine Oyu Tolgoi....
...Although Rio operates Oyu Tolgoi and is overseeing the underground expansion project, it does not have a direct stake in Oyu Tolgoi....
...Although Rio is in charge of the project it does not have a direct stake in Oyu Tolgoi....
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