|
|
Article: Mongolia : Mongolia's Oyu Tolgoi Copper and Gold Project: A Look Without the Rose-Coloured Glasses,.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
At last it looks like the Mongolian government will finally approve the plans of Ivanhoe Mines Limited (NYSE:IVN) (Vancouver, British Columbia) and Rio Tinto plc (NYSE:RTP) (London, England) to develop the huge Oyu Tolgoi copper/gold project. Or perhaps more correctly, Ivanhoe and Rio Tinto have finally been able to negotiate conditions under which they are prepared to commit the estimated US $1.15 billion required. However, is all as it seems? Commentators familiar with the complicated politics of this region are not so sure. ...