The latest geopolitical bump in the road facing the resources industry. Rio says it will have to cut up to 1,700 jobs in its Mongolian operation, after a more than $5bn underground expansion of the giant Oyu Tolgoi copper mine was suspended. The delay marks the latest hurdle for Rio at one of its biggest projects - and one of the world's largest untapped copper deposits.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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