Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report
Mining giant Rio Tinto is said to have laid off about 2,000 workers at its $6.6 billion Oyu Tolgoi mine in Mongolia, amid negotiations between the company and the government on how to share revenue from the mine.
Mongolia mulls IPO of stake in $6.6bn Rio copper mine
A proposed new company would hold the state’s 34 percent interest, said Chuluuntseren Otgochuluu, director-general of Strategic Policy and Planning at the Mines Ministry.
Mining the Gobi: The Battle for Mongolia’s Resources