Rio chalks up a Mongolian play

Whether by good fortune or design, Chalco's bid for SouthGobi Resources places Rio Tinto in a strong position to take the lead on the prized Oyu Tolgoi mine project.

When Rio Tinto finally gained control of Ivanhoe Mines and its prized Oyu Tolgoi copper-gold mine in Mongolia earlier this year it appeared probable that it would oversee a slimming down of Ivanhoe to focus on that massive project. With a little help from its friends, that process has now started.

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