Loading ...Turquoise Hill Resources’ (TSX, NYSE: TRQ) board has approved a bridging budget of $75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the operation’s underground expansion.
The Canadian miner, in which Rio Tinto (ASX, LON, NYSE: RIO) has a 50.8% stake, said the board’s decision reflected the progress made in the ongoing negotiations between the Government of Mongolia, Rio Tinto and the company.