Brokers hope for positive end to Mongolian stand-off - Proactiveinvestors (UK): "If the mine gets up and running it will generate more than US$8bn every year for up to 50 years by producing 425,000 tonnes of copper and 460,000 ounces of gold a year.
OT is expected to contribute close to one third of the country’s GDP in the medium term.
But the Government of Mongolia and the miner are locked in an argument over the implementation of the Oyu Tolgoi Investment Agreement.
Disputed issues range from project development and costs, to the operating budget, project financing, management fees and governance.
However, ResCap noted that “constructive progress is being made” regarding discussions with the Government of Mongolia (“GoM”) according to Rio Tinto and Oyu Tolgoi LLC (as of this week), and that “bank funding in the form of project finance is now well advanced”."
'via Blog this'
