Mongolia digs in over Rio Tinto mine

August 13 07:20 2013 Print This Article  2013-08-12

Mongolia’s minister of mining Davaajav Gankhuyag has called on the second
stage of Rio Tinto’s Oyu Tolgoi copper mine to be financed from cash flow
from the operation. Rio Tinto suspended work on the expansion of the mine
after the Mongolian Government decided that full parliamentary approval would
be necessary for the project to proceed to the second stage. The Government
is concerned about the possibility of reduced revenue if Rio Tinto proceeds
with the project financing specified in the feasibility study; Original
article by Michael Hobbs; The Australian Financial Review; 13 August 2013;
page 22 Abstract by ABIX/LexisNexis

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Saranchimeg Enkhee
Saranchimeg Enkhee

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