Rio Tinto’s hold on Oyu Tolgoi deal firms with Mongolian court win

Original article by Peter Ker
The Australian Financial Review – Page: 21 : 9-Dec-19

Rio Tinto and the Mongolian government entered into an agreement in 2015 regarding a $US5.3 billion expansion of the Oyu Tolgoi mine. The Mongolian First Administrative Court upheld a claim in November that proper parliamentary process may not have been followed when striking the agreement. However, a statement issued on the Court’s official website on 5 December indicated that the ruling is not likely to impact on the 2015 agreement.


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