Rio upbeat about Mongolian leadership change

Mining giant Rio Tinto is optimistic a change of leadership in Mongolia could result in some progress on its stalled $5.4 billion expansion of the Oyu Tolgoi project,Bloomberg reports.
"I’m hoping it will be a positive sign,” Rio Tinto chief executive Sam Walsh said in an interview with Bloomberg Television at the APEC forum.
"Certainly there are a lot of things that are indicating that people want the project to proceed." 
Last week the Mongolian Parliament voted to oust Prime Minister Altankhuyag Norov, with the nation's ruling Democratic Party still seeking a permanent replacement. 
“I’m willing to be patiently impatient as we wait for the approval,” he said. “I’d love to get things going, but I understand their need to get things right and we will wait.”
However, according to the news outlet, Rio Tinto also left the prospect of a further writedown on the project should the current delays persist. 



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