October 16, 2012

Canada's Turquoise Hill rejects review of Mongolia investment deal | Reuters

Canada's Turquoise Hill rejects review of Mongolia investment deal | Reuters: "Oct 15 (Reuters) - Turquoise Hill Resources Ltd and its majority shareholder Rio Tinto Ltd have rejected a request from Mongolia to renegotiate the investment agreement for its Oyu Tolgoi copper-gold mine, the Canadian miner said on Monday.

The Mongolian government's push to review the deal, which was signed in October 2009 and went into effect in March 2010, adds weight to concerns among foreign investors about rising resource nationalism in the Asian country following a June election."

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