Rio Tinto, Turquosie Hill: Mongolische Regierung gibt grünes Licht für Oyu Tolgoi Expansion

Positive News für den Rohstoff-Major und seine Tochtergesellschaft:

Mongolia approves new phase of Oyu Tolgoi mine project 

Carl Surran, SA News Editor

• Mongolia's prime minister Saikhanbileg says an agreement “in principle” has been reached on building the next stage of Rio Tinto's (NYSE:RIO) $12.6B Oyu Tolgoi gold and copper mine, braking a deadlock in negotiations that had dragged on for two years.
• For Mongolia, much rests on resolving the Oyu Tolgoi dispute: Foreign direct investment fell last year with the downturn in commodity prices, the currency is weakening steadily, and debt payments are looming.

Aktueller Bericht von SeekingAlpha:

Mongolia Approves Oyu Tolgoi Expansion: Rio Tinto Impacted?

Apr. 6, 2015 12:37 PM ET  |  About: Rio Tinto plc (RIO), Includes: TRQ

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Summary

• The Mongolian government has decided to proceed with the Oyu Tolgoi underground expansion.
• The news is positive for Rio Tinto as it tries to diversify its production.
• The expanded Oyu Tolgoi should boost the copper and gold production of Rio Tinto significantly.

The Mongolian prime minister announced that the Mongolian government hasagreed to proceed with the Oyu Tolgoi expansion. Rio Tinto (NYSE:RIO) owns 50.8% of Turquoise Hill Resources (NYSE:TRQ) that owns 66% of Oyu Tolgoi. The Mongolian government controls 34% of the project. This means that Rio Tinto indirectly owns 33.53% of Oyu Tolgoi..

Link: http://seekingalpha.com/article/3052856-mongolia-approves-oyu-tolgoi-expansion-rio-tinto-impacted?app=1&auth_param=s212:1ai81vi:6d01f7fb7d3da59d26377e5d2ff870ea&uprof=44

Quelle: bigcharts.com