Original article by Amanda Saunders
The Australian Financial Review – Page: 13 : 16-Dec-15

Rio Tinto directors are expected to approve the proposed expansion of its Oyu Tolgoi gold and copper mine in Mongolia by mid-2016, after the resources group secured financing for the project. Rio Tinto has finalised the funding deal with a consortium of 15 international banks and five export credit agencies, which will enable it to proceed with an underground expansion of the open pit mine. Tolgoi’s annual output is slated to be 500,000 tonnes of copper and up to 600,000 ounces of gold when the expanded project reaches full capacity.

CORPORATES
RIO TINTO LIMITED – ASX RIO, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BNP PARIBAS SA, ING BANK NV, SOCIETE GENERALE, SUMITOMO MITSUI BANKING CORPORATION, STANDARD CHARTERED BANK PLC, CANADIAN IMPERIAL BANK OF COMMERCE, CREDIT AGRICOLE SA, INTESA SANPAOLO SPA, NATIXIS SA, HSBC BANK PLC, MITSUBISHI TOKYO FINANCIAL GROUP INCORPORATED, TURQUOISE HILL RESOURCES LIMITED, WORLD BANK, INTERNATIONAL FINANCE CORPORATION, EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT