Complaint Filed Against Destructive Oyu Tolgoi Mine Being Considered for World Bank Support | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions: "Tokyo, Japan, October 12, 2012 – Today, a group of Mongolian herder households filed a complaint demanding just compensation for the impacts of Rio Tinto’s Oyu Tolgoi copper and gold mine and its associated facilities (“OT Project”), located in the South Gobi desert. Despite the OT Project’s numerous problems, the World Bank’s International Finance Corporation (“IFC”) and Multilateral Insurance Guarantee Agency (“MIGA”) are considering a financing package of US$900 million in loans and up to US$1 billion in political risk insurance. The herders’ representative Sukhgerel Dugersuren, Executive Director of the Mongolian organization OT Watch, personally delivered the herders’ complaint to Meg Taylor, the Vice President of the IFC and MIGA’s accountability mechanism, the Compliance Advisor/Ombudsman (“CAO”), at the World Bank’s Annual Meetings in Tokyo."
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