--Rio Tinto PLC has agreed to write off Mongolia's outstanding $2.3 billion debt for its share in the Oyu Tolgoi copper-gold project, Reuters reports.

--The country's Prime Minister Oyun-Erdene Luvsannamsrai said Monday that his office had received a letter from the mining company agreeing to write off the debt, Reuters says.

--He also said that Rio Tinto agreed to complete the expansion of the underground section of the mine by 2023, Reuters says.

 

Full story: https://reut.rs/3IHjzrr

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

December 13, 2021 03:45 ET (08:45 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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