Mongolia's Decision To Honor Rio Tinto's Oyu Tolgoi Deal Brings Relief -- Trefis: "Mongolia’s new government has decided to ignore calls for reviewing the Oyu Tolgoi mining deal made with Rio Tinto (NYSE:RIO) by the previous government. A group of 24 legislators had petitioned the government to assume a majority stake in the project. This should bring some relief to Rio because resource nationalism wasn’t its only problem. This project is also facing power supply issues and opposition from local communities over pollution concerns.
The Oyu Tolgoi project is important for Rio owing to its vast copper and gold deposits which are expected to drive Rio’s growth in future. "
'via Blog this'
