Rio Tinto CEO Sam Walsh has confirmed expansion of it's $7 billion Oyu Tolgoi gold and copper mine in Mongolia will go ahead.
It comes after Mongolia's newly elected Prime Minister, Saikhanbileg Chimed, announced the two sides had met on 'crucial issues'.
The expansion plans came to a standstill almost two years ago over a tax dispute and cost over-runs during the first phase of contruction.
The move comes as Mongolia's new leader lookes to improve the country's economy and foreign investment.
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