ASIA STORIES

Rio free to make or break OT

The massive Oyu Tolgoi copper-gold underground development in Mongolia could underpin another period of record GDP growth the next time the commodity cycle brings higher prices – much as the open pit mine sparked a hike in GDP during the recent boom – though the country has several hurdles to clear to make that a reality.

Turquoise Hill (51% Rio Tinto), Rio Tinto and the Mongolian government made a joint announcement mid-last month, celebrating the agreement of terms for the stage two underground development that had been...

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