March 12, 2013

US objections hurt Rio's Mongolia push | The Australian

US objections hurt Rio's Mongolia push | The Australian: "RIO Tinto has run into further headwinds at the $US12 billion ($11.7bn) Oyu Tolgoi copper and gold mine in Mongolia after the US raised questions about environmental and social issues, providing more ammunition for the project's opponents.

The US Treasury said it had abstained from voting on whether the World Bank and the European Bank for Reconstruction and Development (EBRD) should help fund the mine because the mine's environmental and social impact assessment (ESIA) was not up to scratch and there were concerns about an associated coal-fired power station."

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