Photo: tailings pond at Rio Tinto’s Oyu Tolgoi mine
Rio Tinto’s vast Oyu Tolgoi copper/gold mine in the South Gobi desert of Mongolia is currently being considered by the World Bank for financing from the International Finance Corporation (IFC) and its Multilateral Investment Guarantee Agency (MIGA). See: World Bank’s tough talk on climate is ‘just a mirage’ in Mongolia’s Gobi desert Earlier this month, a group of international NGOs, including London Mining Network, told the IFC why they consider the project, as currently designed, poses “a significant environmental and social risk to the local community … as well as to the country at large”. In a separate submission, the UK-based Bretton Woods project states that: “Following a year of violence associated with mining projects funded by the … International Finance Corporation, [its] mining investments in Guatemala, Mongolia, Colombia and Peru are still provoking controversy”.
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