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Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015 | 8:31 pm Base Metals Precious Metals Top Companies Asia Australia Canada Europe Copper Gold Silver 

Rio Tinto (LON:RIO) has told Mongolia it is willing to give up a $US1.6 billion royalty it would get from the Oyu Tolgoi copper and gold mine in an effort to end a long-dragged dispute with the landlocked nation’s government...

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