Rio Tinto settles feud over funding of Mongolian project
A golden Buddha statue in Gandan monastery, Ulan Bator, Mongolia (shutterstock.com/Josh Burnington)
Canadian miner Turquoise Hill Resources has settled an arbitration with its majority shareholder Rio Tinto concerning US$2.3 billion in funding for a troubled copper and gold project in Mongolia, while an investor-state claim over tax measures continues.
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