The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politician.
The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies.
The investment includes a $25m gold stream and royalty on the Relief Canyon mine when it reopens, a $10m convertible debenture, and a $7.5m equity subscription.