Much of the attention in the mining sector in late 2012 had been on Oyu Tolgoi, where production of copper and gold was imminent but the focus was instead on the controversy over how the government and its partners would split the revenue. Meanwhile, developments at Tavan Tolgoi (TT), the other flagship mining project in Mongolia, were ongoing at a...
With Oyu Tolgoi’s production start date approaching, what have been the main challenges in terms of staying on schedule and on budget?
What should be done to attract more investment in the energy sector and offset growing demand?
Though Mongolia’s mining industry is still relatively young and new factors may change the calculus, for now its fortunes are expected to rise and fall with China, which is the primary buyer for the country’s mining output and highly likely to continue in that role.
autumn session that year, a group of legislators called on the government to seek a renegotiation of the OT deal. At issue was the point at which the government has the right to increase its stake in the mine from 34% to 51%. According to the initial agreement, Mongolia can boost its stake to 51% once Rio Tinto has recovered the costs of developing it, or after 30 years....
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