RIO Rio Tinto Plc

--Rio Tinto PLC (RIO.LN) has warned Mongolia not to tamper with contracts that concern its investment in the Oyu Tolgoi copper mine in the Gobi desert, the Financial Times reports.

--The Financial Times reports that the head of Rio Tinto's copper business, Arnaud Soirat, said at the Mongolia Economic Forum, that the country has the makings of a successful resource nation, but only if it honors agreements around tax and royalty payments.

--Earlier this year the hard-up government of Mongolia hit Rio Tinto with a $155 million tax bill, which the mining company said it will take to international arbitration if an agreement can't be reached, the Financial Times reports.

Full story: https://on.ft.com/2IAI7mu

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May 22, 2018 06:25 ET (10:25 GMT)

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