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Rio to manage Oyu Tolgoi in new Ivanhoe deal

RIO Tinto has signed an agreement with Ivanhoe Mines under which it will assume the management of the massive Oyu Tolgoi copper-gold project in Mongolia in exchange for a financing package, which will include a $US1.8 billion ($A1.83 billion) loan.

Kristie Batten
Rio to manage Oyu Tolgoi in new Ivanhoe deal

The deal will see the $US6 billion project come into production in late 2012 – around six months ahead of schedule. Original capital cost estimates were $4.6 billion but by the end of the year, Ivanhoe...

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