Source: Bloomberg                 Date: 20 October, 2010

Capital spending on the Oyu Tolgoi project is likely to be over USD5 billion, Mr. Peter Nicholls, General Manager Commercial of Rio Tinto’s copper unit, said in a presentation at the Mongolia Investment Summit in Hong Kong last week. The project has a potential life of more than 50 years. First output is scheduled for 2013, Mr. Nicholls said, with full underground production expected in 2018.