Mongolia to seek 34 pct of Oyu Tolgoi as prices drop

Mongolia to seek 34 pct of Oyu Tolgoi as prices drop - "The government of Mongolia is likely to try to pin down a deal that will give it 34 percent ownership of the country's giant Oyu Tolgoi copper deposit as falling commodity prices push it to back away from seeking majority control.

A parliamentary working group studying revisions to the country's minerals law has proposed that agreements for Oyu Tolgoi -- which is being developed by Ivanhoe Mines (IVN.TO: Quote, Profile, Research, Stock Buzz) and Rio Tinto (RIO.L: Quote, Profile, Research, Stock Buzz) -- as well as for the big Tavan Tolgoi coal project be negotiated before the law is finalized." More
- 11/19/08 | Item |

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