Mongolia and Rio Tinto playing high stakes on copper mine - 32: "Reuters reported that is Rio Tinto's dispute with the Mongolian government over the expansion of the Oyu Tolgoi copper and gold mine the signal that the nation's commodity boom is over or is it just a hiccup?
Certainly, Mongolia's reputation as a desirable investment destination and one of the few remaining countries ripe for developing natural resources has taken a battering recently.
Rio Tinto, the world's second largest mining company said that it will cut 1,700 jobs at Oyu Tolgoi after a $5 billion expansion of the project was put on hold last month."
'via Blog this'
