RIO News: UPDATE 1-Rio Tinto must face lawsuit in U.S. over Mongolian mine cost overruns - 7th Sep 2022, 11:34am

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(Adds comment from Rio Tinto)

By Jonathan Stempel

NEW YORK, Sept 6 (Reuters) - A U.S. judge said Rio Tinto Plc must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns at a Mongolian copper and gold mine owned by Turquoise Hill Resources Ltd, in which Rio Tinto has a majority stake.

In a 134-page decision made public on Tuesday, U.S. District Judge Lewis Liman in Manhattan said funds advised by Pentwater Capital Management LP, Turquo...

>>> Read more: UPDATE 1-Rio Tinto must face lawsuit in U.S. over Mongolian mine cost overruns
 
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