Rio Tinto Said to Clash With Mongolia Ahead of Meeting - Bloomberg: "Financing for the $6.6 billion Oyu Tolgoi mine runs out in three days and tomorrow’s talks to extend the funding come amid allegations of unpaid taxes, and frozen and then unfrozen bank accounts that raise doubts about the project’s future.
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Trucks move along the new 110k of road, built as part of Oyu Tolgoi's infrastructure investment, towards the Chinese border in the south Gobi desert, Khanbogd region, Mongolia on Oct. 12, 2012. Mongolia owns 34 percent of Oyu Tolgoi and Rio Tinto Group the rest through its Turquoise Hill Resources Ltd. subsidiary. Photographer: Paula Bronstein/Getty Images
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Sam Walsh, chief executive officer of Rio Tinto Group, left, poses for photographers during a news conference to announce the company's earnings in London, U.K. Photographer: Chris Ratcliffe/Bloomberg
Mongolia’s government blocked some of London-based Rio’s bank accounts in the capital Ulan Bator over unpaid tax claims, said the people, who asked not to be named because the information isn’t public. The accounts were unfrozen yesterday, the people said. That move may help improve relations at the talks, one of the people said."
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