Rio tinto reaches agreement with turquoise hill resources on financing plan for oyu tolgoi

Melbourne, australia--(business wire)--rio tinto has entered into a binding heads of agreement (hoa) with turquoise hill resources (trq) for an updated funding plan (the “funding plan”) for the completion of the oyu tolgoi (ot) underground project in mongolia. the funding plan addresses the estimated remaining known funding requirement of approximately $2.3 billion1, building on and replacing the arrangements established in the memorandum of understanding that rio tinto and trq previously enter
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