Showing posts with label Oyu Tolgoi. Show all posts
Showing posts with label Oyu Tolgoi. Show all posts

Sunday, September 25, 2011

Mongolia eyes 50% stake in key Oyu Tolgoi project

Mongolia is seeking greater control of one the biggest mining projects in the country, which is being developed by Rio Tinto and Ivanhoe Mines.

The government said it wants to raise its stake in the Oyu Tolgoi project to 50% from 34%.

According to the original contract signed in 2009, Mongolia can increase its stake only after 30 years.