A published report says Ivanhoe Mines, the Canadian company that owns a controlling interest in the massive Oyutolgoi copper and gold mines, has not held talks with the Mongolian government about changing its 2009 investment agreement.
“There have been no discussions between Ivanhoe Mines and the Mongolian government about potential changes to the Oyutolgoi investment agreement,” an Ivanhoe spokesman told Fox Business News. The statement was issued in response to reports on news.mn that a group of 20 MPs would like to make changes to the agreement.
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Absolutely right decision for Mongolian Government. Foreign Investors playing smart game with Brainless Mongolian officials! This is must be done 70% to Mongolian Goverment 5% legal right protection the rest 25% RIO TINTO. Before sign a contract research team should established at least for 2 years! And then just maybe to sign! Foreign gods play smart.
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