Ord.mn | Mongolian Mining
Mongolia |  Mobile |  Rss

Fresh signs of imminent Oyu Tolgoi deal between Rio Tinto and Mongolia

 Oyu Tolgoi | Image from Oyu Tolgoi LLC Facebook gallery.

The long-dragged dispute between Rio Tinto (ASX, LON, NYSE:RIO) and the Mongolian government over a $6.6 billion underground expansion of Oyu Tolgoi, the Anglo-Australian giant’s massive copper-gold mine in Mongolia, seems to be finally coming to an end.

The Sydney Morning Herald reports one of the company’s contractors has began advertising for workers on what appears to be the famous mine.

According to the paper, engineering and project management company AMEC, is publicly searching for professionals to work at "a major underground, copper and gold mining expansion in Mongolia,” fuelling expectations that a deal will be sealed before the end of this month.

Talks between Rio Tinto and the Central Asian country on the expansion and reworking of the initial 2009 deal that first triggered an investment boom in Mongolia, have dragged on for more than a year. Both sides provided fresh faces for the Oyu Tolgoi board in September to break the impasse and resumed talks in December.

Rio’s unit Turquoise Hill (NYSE:TRQ), operator of the massive open pit, announced in December it received extended commitments from 15 commercial banks for the underground expansion where some 80% of the value of Oyu Tolgoi lies.

Vancouver-based Turquoise Hill recently also closed a $2.4 billion rights offering to repay a $600 million bridge loan and a $1.8 billion interim funding facility for Oyu Tolgoi.

But the main sticking points of the negotiations have yet to be resolved. Last month, Turquoise Hill said that further delays were likely to occur "if outstanding shareholder issues, including project finance, are not resolved before the expiration of lender commitments on existing project finance arrangements."

For 2014, Oyu Tolgoi is targeting production of 150,000 to 175,000 tonnes of copper in concentrates and 700,000 to 750,000 ounces of gold in concentrates. But after phase 2 the mine in the southern Gobi desert close to the Chinese border could produce more than 1.2 billion pounds of copper worth $4 billion at today's prices, 650,000 ounces of gold ($800 million) and 3 million ounces of silver ($55 million) each year.

Oyu Tolgoi will account for 30% of the economy of the nation of just over 3 million people.

Image from Wikimedia Commons.



URL

АНХААРУУЛГА: Уншигчдын бичсэн сэтгэгдэлд Ord.mn хариуцлага хүлээхгүй болно. ХХЗХ-ны журмын дагуу зүй зохисгүй зарим үг, хэллэгийг хязгаарласан тул ТА сэтгэгдэл бичихдээ хууль зүйн болон ёс суртахууны хэм хэмжээг хүндэтгэнэ үү. Хэм хэмжээг зөрчсөн сэтгэгдлийг админ устгах эрхтэй. Сэтгэгдэлтэй холбоотой санал гомдлыг 7012-1080 утсаар хүлээн авна.
  • IP: 109.248.167.244
  • IP: 195.154.177.173
sildenafil canada
free viagra samples <a href="https://www.empowher.com/users/beetleweek32">prescription drugs from canada</a> canadian drugs buy cialis online viagra brand sale hydrocodone <a href="https://cutt.ly/SQcVMA0">viagra india</a> free viagra samples erectile dysfunction drugs online where can i buy viagra
viagra sale online <a href="https://www.adpost4u.com/user/profile/571651">price of cialis</a> pills canada women viagra canadian online pharmacy
  • IP: 23.254.2.10
  • IP: 23.236.204.26
  • IP: 192.198.102.156
  • IP: 192.227.245.87
  • Rodger

  • September 20, 2021 08:22
  • IP: 178.158.33.107
  • IP: 199.34.87.45
  • IP: 107.174.9.124
  • IP: 23.229.29.194
  • IP: 107.175.113.55
  • IP: 172.245.56.102
  • IP: 192.3.97.0
  • IP: 209.251.22.38
  • IP: 23.250.45.78
  • IP: 107.175.71.88
  • IP: 31.184.236.58
<a href="http://canadapharmacy24hourdrugstore.com/">sky pharmacy online drugstore</a>
  • IP: 62.210.202.4
cheap viagra without prescription
ordering viagra online without prescription <a href="http://rbr.in.ua/user/cryedward73/">natural viagra alternatives</a> canada pharmacy viagra price of cialis canada viagra expiration date canada drug superstore <a href="http://nutshellurl.com/rosendalwhalen6672">generic cialis in usa</a> generic viagra free samples of viagra canada drugstore
canadian drugs without prescription <a href="https://escatter11.fullerton.edu/nfs/show_user.php?userid=946207"
;>buy generic viagra online</a> canadian drug store viagra sales how much does viagra cost
  • IP: 192.171.85.23
  • IP: 188.130.184.52
  • IP: 46.8.15.101
  • IP: 188.130.136.84
  • IP: 188.130.218.127
  • IP: 155.94.171.100
  • IP: 191.102.181.51
  • IP: 5.157.8.18
  • IP: 103.251.59.47
<a href="https://www.dosepharmacy.com/cytotam-10mg-tablet">tamoxifen 10 mg</a> is an enemy of estrogens. It is utilized in the treatment of bosom disease. This medication assists with hindering the growth and multiplication of malignancy cells.
  • IP: 49.150.227.218
This post is very simple to read and appreciate without leaving any details out. Great work! ole777 mobile
  • IP: 191.102.181.129

Previous Next
Top

Comments:

Add Comments
Name:*
E-Mail:
Comment:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
Security Code: *
Exchange Rate
Foreign shares
New York Stock Exchange
Name Closing Changes
BHP Billiton
Ivanhoe Mines
90.53
23.3
1.44
0.00
Australian Stock Exchange
Name Closing Changes
General Mining Corp
Aspire Mining Limited
0.145
0.52
0.00
-0.02
London Stock Exchange
Name Closing Changes
Petro Matd Limited
polo Resources Limited
123.5
5.4
0.00
0.02
Hong Kong Stock Exchange
Name Closing Changes
Mongolian Mining Corporation
Mongolia Energy
9.59
1.14
0.00
-0.06
Toronto Stock Exchange
 
Metal exchange rates
1 Day Spot Gold Prices - Gold Price Chart
1 Week Copper Prices - Copper Price Chart
3 Month Uranium Price Chart - Uranium Price Per Pound
6 Month Iron Ore Fines Prices - Iron Ore Fines Price Chart
1 Day Spot Silver Prices - Silver Price Chart

dddddddddddddddddd

Coal price data
U-Boat replica watches replica rolex orologi replica watches
Free Mobile Sex Xvideos Deutsche Pornos selbstgemacht porn tube dutch Facial xxxxi videos beeg spy www xvi
Sexy Teen Porn Milflesben Porno Videos Korean Rip Danish Frau schwanger gefickt anal Geiler Hausbesuch Porno kostenlose vaginavidios
brutal anal hardcore sex money talks reality kings film porno au cinema Ellos ya saben cómo chupar girl fucked in alley xxuxx hd sex 4k www xxx xxx porn sunny leone video
xxx hd com www napal xxx com xxxx 18 porn sex video com hot romantic sex 18 years