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Dirty dozen accuse Rio of covering up extent of Mongolian blowout

Peter Ker

Dangerously defective Chinese steel, incompetent engineering and poor procurement have been cited by multiple former workers on Rio Tinto’s troubled Mongolian copper project as contributing to cost and schedule blowouts that workers say were understood by Rio management months before investors were told.

The explosive testimony from 12 individuals who worked for Rio or its contractors on the $US6.75 billion Oyu Tolgoi project comes as Rio’s new copper boss Bold Baatar holds crucial talks with the Mongolian government over the future of Rio’s biggest and most important growth project.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/dirty-dozen-dump-on-rio-tinto-s-mongolia-claims-20210325-p57dxk