Rio Tinto's Cost And Profit Analysis

A $4 billion funding for Rio Tinto's Oyu Tolgoi copper and gold mine expansion in Mongolia will probably be approved this week. Turquoise Hills, which owns 66 percent of the project already predicted that the deal could be finalized before the end of 2015. However, it would follow years of delay due to cost and profit disputes between Rio Tinto and the Mongolian government which owns 34 percent of Oyu Tolgoi, as reported by