Rio Mongolia copper dream awakens 20 year old nightmare - 3030: "Rio Tinto Group’s Mongolia copper and gold mine looks a dream location sitting next to China, the biggest market. Yet, Mongolia’s bid for more control of the project draws comparison with a Rio mine that went badly wrong.
Mongolia’s government is ratcheting up criticism of Rio’s management of the USD 6.6 billion project the landlocked country’s single biggest investment. Lawmakers have argued for a bigger share of profit while President Mr Tsakhia Elbegdorj wants more management control. He faces elections in June with a fifth of the nation’s 3 million people in poverty despite world beating economic growth of 17.3% in 2011."
'via Blog this'
