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Ex-Rio Tinto manager says he warned of Oyu Tolgoi blowouts

Peter Ker
Peter KerResources reporter

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A former worker on Rio Tinto's Oyu Tolgoi copper project has claimed in a United Kingdom court that he warned senior Rio officials about cost and schedule blowouts months before the company disclosed the issues to investors.

The worker was a general manager on the Oyu Tolgoi expansion in Mongolia, which Rio announced in July would cost between $US1.2 billion and $US1.9 billion more than previously expected, and be delivered between 16 and 30 months later than scheduled.

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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/ex-rio-tinto-manager-says-he-warned-of-oyu-tolgoi-blowouts-20191112-p539oy