Mongolia Seeks Investors for Thermal Plant to Power Oyu Tolgoi - Businessweek: "Mongolia is seeking international investors to help fund a coal-fired thermal plant in the Gobi Desert to power its biggest infrastructure project, the Oyu Tolgoi copper and gold mine.
“The total cost to build the power station will be roughly $500 million,” said Odon Sainbuyan, the Executive Director of Erdenes MGL, a state-owned company that holds the shares of Mongolia’s strategic deposits, including Erdenes Oyu Tolgoi and Erdenes Tavan Tolgoi.
Oyu Tolgoi is at the center of a dispute between Rio Tinto Group (RIO), which controls 66 percent of the $6.6 billion project, and the government, which holds the remainder through Erdenes MGL. The two sides will meet later this month to try and resolve their dispute over cost overruns, financing, taxes and the government’s desire for more locals in the mine’s management."
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