September 7, 2012

REFILE-Mongolia lawmakers urge talks to rework Oyu Tolgoi deal | Reuters

REFILE-Mongolia lawmakers urge talks to rework Oyu Tolgoi deal | Reuters: "(Reuters) - An influential group of Mongolian backbench lawmakers has urged Prime Minister Norov Altanhuyag to seek talks to trim mining giant Rio Tinto's stake in the $13-billion Oyu Tolgoi copper-gold project in the country's South Gobi region.

Elections in June ushered in a coalition government under which the major risk for mining firms, the engines of economic growth, threatens to be the influence of lawmakers who want Mongolia to have greater control of its resources.

Oyu Tolgoi, located 80 km north of Mongolia's Chinese border, is expected to become one of the world's three largest copper and gold mines when it reaches full production in 2018."

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