- The government of Mongolia is studying converting its 34% stake in the Oyu Tolgoi copper and gold mine into a public company.
- By giving a stake to Mongolian citizens who have complained that the project only benefits foreign investors, the government likely would find it easier to negotiate with partner Rio Tinto (RIO +3.4%).
- Rio, which controls 66% of the mine through its majority stake in Turquoise Hill Resources (TRQ +0.2%), started shipments from the mine last month following delays as Mongolia sought to ensure revenue passed through domestic banks.
From other sites
Video at CNBC.com (Feb 12, 2015)
Video at CNBC.com (Feb 6, 2015)
at CNBC.com (Jan 19, 2015)
at CNBC.com (Jan 16, 2015)
at CNBC.com (Jan 14, 2015)
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