Mongolia finally wrapped up a deal on Tuesday to develop one of the world’s biggest untapped copper and gold deposits, signing off on Rio Tinto (RTP-N174.02—-%) and Ivanhoe Mines’ (IVN-T13.51—-%) Oyu Tolgoi mine. The deal, made possible after the government repealed a windfall profits tax in late August, will allow work to begin on a project that will ultimately increase global copper supply by more than 2 per cent.
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