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Uncertainty lingers over Oyu Tolgoi economics

Rio Tinto has confirmed a budget and timeline for Oyu Tolgoi which were slightly ahead of most analyst estimates, but a lack of clarity around dealings with the Mongolian government and a legal spat with Rio’s subsidiary Turquoise Hill means the funding and economics surrounding the giant copper project are not yet clear.

Rio Tinto's Oyu Tolgoi asset is a combined openpit and underground copper mining project approximately 235 kilometres east of Mongolia's Ömnögovi Province capital Dalanzadgad

Rio Tinto's Oyu Tolgoi asset is a combined openpit and underground copper mining project approximately 235 kilometres east of Mongolia's Ömnögovi Province capital Dalanzadgad

The London-headquartered miner said it would achieve sustainable production from its first underground mining panel - known as "Panel 0" - by October 2022, with the project's development capital - including...

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