International and Domestic Commentary on Investors Fleeing Mongolia | Ubpost News: "Mongolia has been making international news throughout the summer and into autumn as the new government has assembled and set into motion their action plans. In the first week of September, 24 MPs lobbied the government to renegotiate the Oyu Tolgoi contract so that the Mongolian government holds 51 percent ownership when the mine becomes profitable. The contract as drafted as 2009 stipulates that the Mongolian government owns 34 percent and while Canadian Turquoise Hills Resources owns the remaining 66 percent. Yet the investment agreement as posted online on Oyu Tolgoi’s website states that the actual benefit to Mongolia exceeds 34 percent, owing to taxes and licensing fees, which put the benefits to about 71 percent (http://www.ot.mn/en/about-us/investment-agreement)."
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