The transaction will result in a consolidated landholding of over 1,500km2 between and along a strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines.
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Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.
Ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the miner, which have been locked in a bitter dispute over profit sharing for years.