It's that time of year, as Rio fends off Mongolia's latest deal change: "IN THE 1993 film Groundhog Day, a television weatherman finds himself forced to live the same day over and over until he can break the spell.
In Rio Tinto's version of Groundhog Day, each time the Mongolian government reaches the end of the northern summer it decides it wants a bigger share of the nation's biggest mining project - Oyu Tolgoi.
Barely a year after resisting a similar approach, the Rio Tinto subsidiary in charge of Oyu Tolgoi has revealed that Mongolia is trying to renegotiate the 30-year agreement that underpins development of the giant copper and gold project."
'via Blog this'
