The latest geopolitical bump in the road facing the resources industry
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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