#RioTinto approves $5.3 bln #OyuTolgoi #Copper expansion in #Mongolia

Posted on May 6, 2016 by Nanthakumar Victor Emmanuel, P.Eng One comment

An excavator loads raw ore into a truck at the Oyu Tolgoi copper-gold mine in 2014. Rio Tinto has announced a new phase of development at the mine, and expects it to be completed in 2020.

#RioTinto approves development of #OyuTolgoi underground mine. Development of underground mine will start in mid-2016 following approval of a $5.3 billion investment by partners and recent granting of all necessary permits