Mongolia investment climate volatile as government targets Oyu Tolgoi | Trading Desk | Investing | Financial Post: "Resource nationalism continues to rear its ugly head in Mongolia .
For the umpteenth time, the government is trying to renegotiate the 2009 investment agreement on the Oyu Tolgoi mine, triggering a confrontation with Rio Tinto Ltd. and Turquoise Hill Resources Ltd. The government has assumed higher tax rates from Oyu Tolgoi in its current budget, even though the mining companies have no intention of paying them.
Pierre Fournier, a geopolitical analyst at National Bank Financial, warned that the risk of resource nationalism in Mongolia is not going away. "
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