Oyu Tolgoi dispute should not derail $4bn funding – director
Turquoise Hill Resources Ltd.’s tax dispute with Mongolia shouldn’t derail $4 billion of project financing to expand the Oyu Tolgoi copper mine part owned by Rio Tinto Group, a local director at the resource’s operator said.
“Don’t mix the political importance of the project with this tax audit issue,” Ganbold Davaadorj, a director for Oyu Tolgoi LLC, said yesterday by phone from Ulaanbaatar. The “tax authority report is one thing and importance of investment in the project is a completely different thing.”
Read more at: http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=245828&sn=Detail
A Blog for Browsing Mining, Mineral Processing, and Metals Info 