March 26, 2013

Rio's Mongolia mine hits another hurdle

Rio's Mongolia mine hits another hurdle: "Significant design changes have been proposed for Rio Tinto's most important growth asset as the company seeks to offset rising costs at the massive Oyu Tolgoi mine in Mongolia.

The $US5.1 billion second phase of the project will no longer involve construction of a power station, and will see less copper concentrate produced, under changes revealed in a technical report released today."

'via Blog this'