Fox News / Dow Jones Newswires: CESCO – Rio Tinto Executive – No Interest in Ivanhoe Assets other than Oyu Tolgoi

Rio Tinto PLC plans to keep hold of the prized Oyu Tolgoi copper and gold project in Mongolia but has no interest in the other assets owned by Ivanhoe Mines Ltd., the head of Rio’s copper division told Dow Jones Newswires Tuesday. Andrew Harding said that U.K.-listed Rio has made it clear that the focus of its interest in the Canadian miner was the Mongolian mine project, slated to start commercial production next year. “We have indicated that our interest in Ivanhoe Mines was in Oyu Tolgoi and not in the other assets,” he said during an interview at the annual CESCO copper industry week in Santiago. “We’re a 51% owner of the business, but the CEO is Robert Friedland, there’s a board in place that has been in place historically,” he added. To read the full article, click hereCESCO – Rio Tinto Executive – No Interest in Ivanhoe Assets other than Oyu Tolgoi

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.