Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
The deal marks a positive development for the Anglo-Australian mining giant, which is reeling from Serbia's rejection last week of its proposed lithium mine as well as local opposition to projects in Guinea, the United States and elsewhere.
