Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

By Cecilia Jamasmie

At least ten banks have committed close to $300 million each to back up Rio Tinto’s (LON, ASX:RIO) massive copper-gold Oyu Tolgoi mine in Mongolia, Bloomberg is reporting based on information from unnamed insiders.

The news comes on the heels of a battle for control of the $6.6 billion controversial …read more