Mongolia parliament approval not needed for Oyu Tolgoi financing: "Reuters reported that Rio Tinto does not need to seek Mongolian parliamentary approval for a USD 4 billion financing package to fund development of an underground mine at the Oyu Tolgoi copper project.
Mr Norov Altankhuyag PM of Mongolia said that "Parliament has already made the decision and signed their agreement. Cabinet doesn't have to be involved. All issues can be discussed and decided at the board of directors' level.""
'via Blog this'
