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Australia Mining Giant $94 Billion Rio Tinto to Pay $138.7 Million in United States Lawsuit Settlement for Defrauding Investment Partner (Turquoise Hill Resources) by Concealing Problems in Expansion of Mongolia Gold & Copper Mine (Oyu Tolgoi Mine) with Cost Overrun by $1.9 Billion in 2019, Lawsuit Filed by Shareholders of Turquoise Hill Resources Which Owns 66% of Oyu Tolgoi Mine, Rio Tinto Acquired Turquoise Hill Resources in 2022
21st June | Hong Kong
Australia mining giant Rio Tinto ($94 billion market value) will pay $138.7 million in United States lawsuit settlement for defrauding an investment partner (Turquoise Hill Resources) by concealing problems in expansion of the Mongolia gold & copper mine (Oyu Tolgoi Mine), with projected cost overrun by $1.9 billion in 2019. The lawsuit was filed by shareholders of Turquoise Hill Resources, which owns 66% of Oyu Tolgoi mine. In 2022, Rio Tinto acquired Turquoise Hill Resources.
“ Australia Mining Giant $94 Billion Rio Tinto to Pay $138.7 Million in United States Lawsuit Settlement for Defrauding Investment Partner (Turquoise Hill Resources) by Concealing Problems in Expansion of Mongolia Gold & Copper Mine (Oyu Tolgoi Mine) with Cost Overrun by $1.9 Billion in 2019, Lawsuit Filed by Shareholders of Turquoise Hill Resources Which Owns 66% of Oyu Tolgoi Mine, Rio Tinto Acquired Turquoise Hill Resources in 2022 “
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Australia Mining Giant $94 Billion Rio Tinto to Pay $138.7 Million in United States Lawsuit Settlement for Defrauding Investment Partner (Turquoise Hill Resources) by Concealing Problems in Expansion of Mongolia Gold & Copper Mine (Oyu Tolgoi Mine) with Cost Overrun by $1.9 Billion in 2019, Lawsuit Filed by Shareholders of Turquoise Hill Resources Which Owns 66% of Oyu Tolgoi Mine, Rio Tinto Acquired Turquoise Hill Resources in 2022
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