Australian SME's to benefit from Oyu Tolgoi underground

Australia’s export credit agency Export Finance and Insurance Corporation (Efic) was optimistic that the country’s small- and medium-sized (SME) exporters would benefit from the expansion of the Oyu Tolgoi copper-gold mine, in Mongolia. Mining giant Rio Tinto this week secured $4.4-billion in project financing to construct the underground operation at Oyu Tolgoi, following a deal with a number of international financial institutions and export credit agencies, including Efic.