Australian taxpayers partly fund Rio’s Mongolian venture | Mining Australia: "Australian taxpayers will assist Rio Tinto fund its Oyu Tolgoi mine expansion project in Mongolia, after Australia’s export credit agency decided to continue lending to multinational companies.
The $US5.1 billion mine expansion will be partly funded by the Export Finance and Insurance Corporation despite calls for the agency to focus on small to medium exporters which have trouble securing loans elsewhere, SMH reported."
'via Blog this'