Financing for Oyu Tolgoi mine will be resolved by end of this year

2015-11-09 16:30:14

According to the Mining Weekly, the Turquoise Hill Resources is projected to raise money of 6.8 billion US dollars by end of this year for financing the Oyu Tolgoi underground mine.

Meanwhile, the Rio Tinto has promised to give 250-300 million US dollars for the Oyu Tolgoi mine’s construction.

Preparation works for the mine launched this year, and the construction works are expected to start from mid of 2016. By the year 2021, the mine is projected to work in its full potential.