Cost and schedule blow outs on the Oyu Tolgoi copper project are bad for Rio, but they are much worse news for the project's other investors.
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In adversity there is opportunity, and a trouble-prone push into Mongolian copper is providing Rio Tinto with both in spades right now.
This week's revelation that an expansion of the Oyu Tolgoi mine could cost up to $US1.9 billion more than previously thought was bad for Rio, but it was far worse news for two other entities that live in Rio's shadow at Oyu Tolgoi.
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Original URL: https://www.afr.com/companies/mining/mongolian-adversity-gives-rio-tinto-a-world-of-opportunity-20190718-p528cr
