At the start of this year, Rio Tinto PLC and the Mongolian Government announced they had reached an historic agreement with copper and metal manufacturing. The announcement came after a long tussle over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project. Last week, Rio Tinto agreed to buy out Turquoise Hill Resources Ltd., a shareholder with an estimated 66% of the Oyu Tolgoi copper mine. The deal, valued at about $3.3 billion gives Rio Tinto significantly more control of the facility. Experts say the Oyu Tolgoi mine…
