Mongolia’s bonds slump with copper as spat with Rio stalls mine

The restart marked exactly a century since the mine first went into production.

The company has signed an additional LOI with Export Development Canada worth $300 million.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

The transaction is expected to close in early 2025.