Western Copper and Gold Corp T.WRN

Rio Tinto to write off $2.3bn Oyu Tolgoi loan to Mongolia

[GardenManman]

Rio paid much for push Mongolia project, so in short term, Do they still want pay much money to bidding war for WRN? https://www.mining.com/rio-tinto-to-write-off-2-3bn-oyu-tolgoi-loan-to-mongolia/

[Marine2]

It's all about focussing your investment in the right contry.(Canada) ""The Globe's Niall McGee writes that the acquisition of Great Bear would help Kinross reduce its exposure to geopolitically dicey Russia and West Africa, and increase its exposure to Canada."" Places like Mongolia are high risk, RIO will double down on investments in Canada. IMHO M2

[MetalMinded]

I agree on what they will do oging forward...and it's important to note that, while they are writign off the debt of the Mongolian govt, they are far form abandoning the project and losing all of the investment thus far.  It's a strategic spend (acutally money already spent)  in efforts to save the existing investment.    

[GardenManman]

yes, expect that Rio still keep interest on WRN even they got a progress on their world largest copper-gold mine.