Oilprice.com: Battle Looms Over Mongolia’s Oyu Tolgoi Mine

In a case that is being closely watched by mining interests worldwide, Canada’s Ivanhoe Mines and Rio Tinto have formally told the Mongolian government they are unwilling to renegotiate their investment agreement for the $7 billion Oyu Tolgoi gold and copper mine. The companies also wrote to members of Mongolia’s National Security Council, consisting of the president, the speaker of the Parliament and the prime minister, asking for help to ensure the government’s “full and immediate” support for the arrangement. To read the full article, click here: Battle Looms Over Mongolia’s Oyu Tolgoi Mine

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