Mongolia Wants Mine Stage 2 Funded by Cash Amid Talks (Correct) - Businessweek: "Mongolia wants the planned $5.1 billion expansion at Rio Tinto Group’s Oyu Tolgoi mine to be financed from cash flow until a dispute over the cost of the biggest foreign investment in the nation is resolved.
Cost overruns at the copper and gold mine, 34 percent owned by Mongolia, are increasing the debt the government owes to Rio’s Turquoise Hill Resources Ltd. unit, which operates the project, Minister of Mining Davaajav Gankhuyag said on Aug. 9."
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