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Rio Tinto and its listed Canadian subsidiary Turquoise Hill have bowed to the inevitable by wiping the US$2.3 billion in loans owed by Mongolia on its 34% share of the expanding Oyu Tolgoi copper-gold project in the South Gobi, writes Barry FitzGerald.
The Oyu Tolgoi copper development in Mongolia's South Gobi desert
Mongolia has pretty much been agitating for a new deal on OT and its expansion underground at a cost of $5.3 billion, but now more like $7 billion, since late 2014.
What will outcome of investor trip to Oyu Tolgoi be?
Oyu Tolgoi underground produces first ore
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