Rio faces more hurdles at Oyu Tolgoi, Mongolia shareholder says | Reuters: "Rio Tinto faces lingering disputes with the Mongolian government over its Oyu Tolgoi copper mine, said a director of the state company that owns a third of the mine, highlighting risks confronting the massive project.
According to Tserenbat Sedvanchig, executive director of Erdenes Oyu Tolgoi, the government still has 22 points of dispute with Rio Tinto, operator of the project which is expected to boost the country's economy by 35 percent by 2020.
Grievances include "four issues related to violations of Mongolia legislation and the investment agreement," he said, adding that capital expenditure was the biggest issue."
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According to Tserenbat Sedvanchig, executive director of Erdenes Oyu Tolgoi, the government still has 22 points of dispute with Rio Tinto, operator of the project which is expected to boost the country's economy by 35 percent by 2020.
Grievances include "four issues related to violations of Mongolia legislation and the investment agreement," he said, adding that capital expenditure was the biggest issue."
'via Blog this'
