Rio and Mongolia agree to replace $7bn plan to expand copper mine

New leaders to work out deal to better share rising project costs

KHALIUN BAYARTSOGT, Contributing writer

ULAANBAATAR -- After weeks of escalating tensions and leadership turmoil, Mongolia and Rio Tinto have agreed to work out a new arrangement to finance the costly expansion of the vast Oyu Tolgoi copper mine, Nikkei Asia has learned.

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