 |
|
 |
 |
 Premium News Article
Mongolia's Oyu Tolgoi Copper and Gold Project: A Look Without the Rose-Coloured Glasses
PERTH, AUSTRALIA--November 6, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--At last it looks like the Mongolian government will finally approve the plans of Ivanhoe Mines Limited (NYSE:IVN) (Vancouver, British Columbia) and Rio Tinto plc (NYSE:RTP) (London, England) to develop the huge Oyu Tolgoi copper/gold project. Or perhaps more correctly, Ivanhoe and Rio Tinto have finally been able to negotiate conditions under which they are prepared to commit the estimated US$1.15 billion required. However, is all as it seems? Commentators familiar with the complicated politics of this region are not so sure. Some believe, and probably for good reason, that both Moscow and Beijing, Mongolia's immediate neighbours that account for 60% of Mongolia's export revenue, are very interested in evicting Western interests from Mongolia--or at least freezing them so that if they don't benefit, nobody benefits. Other questions have been raised about the ability of Mongolia to invest in infrastructure and the country's previous treatment of foreign investors.
Read the Complete Article >>>
Details on this Article:
Industry Segment: Metals & Minerals
Word Count: 679 Words
| Login or Register now for instant access! |
 |
Related Articles
Baosteel to Suspend 10 Million-Ton Iron and Steel Project in Zhanjiang
Vale Signs 10-Year Contract with SABIC for Supply of Direct Reduction Iron ...
Kazakhmys Mining Company Set to Borrow $2 Billion for Boschekul and Aktogay...
Cameroon Alumina Locates 550-Million Ton Bauxite Reserves
Cameroon to Receive $5 Billion Iron Ore Sales Royalty from Australia's Sund...
|
|
|
 |
|
 |
|
|
This article is available for Premium Members only.
Subscribe Now! All Fields are Required...
Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361
All Members Receive the Following Free Resources:
North American Project & Gap Spending
North American Plant Analysis by Industry & Market Region
Market Maps & Stats - Capital & Maintenance Activity
Current & Historic Economic Indicators
30/60/90 Day Weather Forecast
|
© 2009 ALL RIGHTS RESERVED. Industrial Info Resources, Inc. - Sugar Land, TX - 800-762-3361