Tax Proposal in Mongolia Threatens Rio Tinto Project - NYTimes.com: "ULAN BATOR, Mongolia — Rio Tinto’s biggest new mining project is under threat after the government of Mongolia said it was considering whether to renegotiate an investment agreement involving the $6 billion Oyu Tolgoi copper mine.
Mongolia’s new government is in the process of passing a 2013 budget whose draft proposal includes increasing taxes and royalties on the mine by $300 million.
The mining industry has been a boon for the sparsely populated Mongolia, driven in large part after an agreement in 2009 for the copper mine at Oyu Tolgoi."
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