Mongolia anti-corruption squad seeks info from Rio unit

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 15-Mar-18

Turquoise Hill Resources has advised that the Mongolian Anti-Corruption Authority is investigating the potential abuse of power by "authorised officials" during negotiations for the Oyu Tolgoi investment agreement in 2008. Turquoise Hill, which has a 66 per cent stake in the copper mine, is in turn controlled by Rio Tinto. Turquoise Hill – which was called Ivanhoe Mines negotiations were being held – has stressed that there are no indications that Oyu Tolgoi itself is being investigated. Rio Tinto held a stake of less than 10 per cent in the company at the time.

CORPORATES
RIO TINTO LIMITED – ASX RIO, TURQUOISE HILL RESOURCES LIMITED, OYU TOLGOI LLC, MONGOLIAN ANTI-CORRUPTION AUTHORITY, MONGOLIAN TAX AUTHORITY, SOMO

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