Rio Tinto Agrees to Write off Mongolia's $2.3 Billion Oyu Tolgoi Debt, Reuters Reports
December 13 2021 - 3:00AM
Dow Jones News
--Rio Tinto PLC has agreed to write off Mongolia's outstanding
$2.3 billion debt for its share in the Oyu Tolgoi copper-gold
project, Reuters reports.
--The country's Prime Minister Oyun-Erdene Luvsannamsrai said
Monday that his office had received a letter from the mining
company agreeing to write off the debt, Reuters says.
--He also said that Rio Tinto agreed to complete the expansion
of the underground section of the mine by 2023, Reuters says.
Full story: https://reut.rs/3IHjzrr
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
December 13, 2021 03:45 ET (08:45 GMT)
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