DJ Rio Tinto Delays Development of Oyu Tolgoi Underground Mine, Mongolia - Financial and Business News - MENAFN: "Jul 29, 2013 (Dow Jones Commodities News via Comtex) --LONDON--International mining group Rio Tinto PLC (RIO.LN) said Monday it has been notified by the Government of Mongolia that the terms of the project financing provisionally secured for the underground development of Oyu Tolgoi will need to be approved by the Mongolian Parliament which is currently in summer recess, and therefore all funding and work on the underground development will be delayed.
MAIN FACTS:
-Rio Tinto remains committed to working with the Government of Mongolia to secure project financing."
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