Original article by Peter Ker
The Australian Financial Review – Page: 16 : 15-Oct-18
Recent media reports in Mongolia have suggested that Rio Tinto could be prepared to reduce the interest rates on the loans it provides to the government-owned company that has a 34 per cent stake in the Oyu Tolgo copper mine. According to the reports, Mongolian MP Gombojavyn Zandanshatar has indicated that Rio Tinto will reduce its loan interest rates as part of negotiations with the government regarding their agreement to expand the mine. The government is dependent on loans from Rio Tinto to finance its share of construction costs.
RIO TINTO LIMITED – ASX RIO, OYU TOLGOI LLC, TURQUOISE HILL RESOURCES LIMITED, TORONTO STOCK EXCHANGE, BHP BILLITON LIMITED – ASX BHP, OZ MINERALS LIMITED – ASX OZL