NEW YORK : A U.S. judge on Thursday dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO Jean-Sebastien Jacques of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi copper and gold mine in Mongolia.U.S.
FILE PHOTO: A Rio Tinto logo is seen on a helmet in an office at Oyu Tolgoi copper mine in the Gobi Desert, Mongolia March 13, 2023. REUTERS/B. Rentsendorj/File PhotoNEW YORK : A U.S. judge on Thursday dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO Jean-Sebastien Jacques of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi copper and gold mine in Mongolia.
Liman said Rio Tinto was not liable for that statement even though an affiliate of the Anglo-Australian mining giant was Turquoise Hill's majority owner. Led by funds advised by Pentwater Capital Management, the lawsuit seeks damages on behalf of shareholders of Montreal-based Turquoise from July 17, 2018 to July 31, 2019.
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