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Rio Tinto to Invest $300 Million in Oyu Tolgoi This Year
Jun. 29, 2015 03:49PM PST
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Reuters reported that Rio Tinto (NYSE:RIO) is planning to invest $250 to $300 million on an underground expansion at its Oyu Tolgoi copper mine in Mongolia this year.
Reuters reported that Rio Tinto (NYSE:RIO) is planning to invest $250 to $300 million on an underground expansion at its Oyu Tolgoi copper mine in Mongolia this year.
As quoted in the publication:
The second phase of construction at the mine is expected to begin this year, Prime Minister Chimed Saikhanbileg told Reuters in an interview, marking progress for the long-stalled $5-billion mine that is expected to boost Mongolia’s economy by a third when it reaches full capacity in 2021.
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