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RIO - Rio Tinto News Story

6535p 58.0  0.9%

Last Trade - 07/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £105.80bn
Enterprise Value £109.70bn
Revenue £31.93bn
Position in Universe 12th / 1821

Rio Tinto willing to negotiate new Mongolia mine agreement -sources

Thu 18th February, 2021 8:11pm
Feb 18 (Reuters) - Global miner Rio Tinto  RIO.AX  RIO.L  is
willing to enter a new agreement with Mongolia to expand its Oyu
Tolgoi mine as the government requested, two sources with direct
knowledge told Reuters on Thursday, as both parties look to
resolve an impasse over the multibillion-dollar project.
    Mongolia had sought agreement with Rio to cancel the deal
underpinning the mine's underground expansion, saying rising
costs and project delays had eroded expected benefits.
 urn:newsml:reuters.com:*:nL1N2KE05R
    

 (Reporting by Jeff Lewis
Editing by Cynthia Osterman)
 ((Jeff.Lewis@thomsonreuters.com; +1 647 200 7236))
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