Rio Tinto sidesteps nearly R1bn expense in Mongolian power-supply deal
29 June 2020 - 23:03
Melbourne — Rio Tinto said on Monday that Mongolia would build a coal-fired plant that would supply power to its giant Oyu Tolgoi copper mine in the country, sparing the company a nearly R1bn expense, with construction set to start by June 2021.
The Mongolian state owns 34% in the Oyu Tolgoi project, while Rio's majority-owned Turquoise Hill Resources has a 66% stake...
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