RE:Just noiseWon't let me copy properly. What the Financial Times article essentially says is that the Mongolian mining minister rules out any changes to the Oyu Tolgoi deal. Rio comments that the underground construction has slowed due to the strength of unanticipated rock formations.
“We’re adjusting our mine design as we progress — integrating new geotechnical data than was available during surface drilling. This data reveals there are areas where the strength of the rock is more variable than anticipated in the feasibility study requiring potentially significant design changes.”
“We welcome the Mongolian Government’s recognition of the importance of these agreements, with the Minister of Mining highlighting in comments overnight that they not only underpin the OT project but the strong economic future mining can deliver for the country.”
Rio is expected to provide an update on the underground expansion, detailing the length and cost of the overrun, when it reports interim results in August.