By Ross Kelly
SYDNEY--Rio Tinto PLC. /zigman2/quotes/202627887/composite RIO -0.35% said Thursday it will lend US$600 million to Turquoise Hill Resources Ltd. to help that company fund development of the $6.2 billion Oyu Tolgoi copper mine in Mongolia.
Rio Tinto owns about 51% of Canadian-listed Turquoise Hill. The loan will help Turquoise Hill refinance an existing US$225 million loan from Rio Tinto made in June. Rio Tinto said it will participate in any Turquoise Hill equity raisings to repay the new loan.
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