Thursday, October 9, 2014

More delay at Oyu Tolgoi as financing deadline lapses

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Asia News Digest
Friday 10 October 2014
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The underground portion of the Oyu Tolgoi copper-gold complex is no closer to fruition, after the parties behind the US$5 billion operation let a Sept. 30 financing deadline lapse without applying for an extension.

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Anglo's chief warned the company plans to take severe measures over the next two years.

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The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

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