Loading ...Mongolia lawmakers seek to rewrite Oyu Tolgoi deal
ULAANBAATAR – A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto’s Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project’s political problems.
The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoils of the country’s mining boom are not being evenly shared.
It has also been at the centre of an anti-corruption investigation that has seen the arrest of two former prime ministers and a former finance minister.