Jan 11 (Reuters) - The Government of Mongolia is considering terminating and replacing the development and financial plan for the Oyu Tolgoi copper mine in the country, Rio Tinto-controlled Turquoise Hill Resources said on Monday.
The government has advised Rio Tinto (LON:RIO) it is dissatisfied with the miner's plans to achieve production from the Oyu Tolgoi copper mine in the country for development capital of $6.75 billion, Turquoise Hill Resources said.
Oyu Tolgoi is one of the world's largest-known copper and gold deposits, located in the South Gobi region of Mongolia. The Mongolian government holds a 34% stake in the project and Rio-controlled Turquoise Hill owns the rest.