Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report
Mining giant Rio Tinto is said to have laid off about 2,000 workers at its $6.6 billion Oyu Tolgoi mine in Mongolia, amid negotiations between the company and the government on how to share revenue from the mine.
See http://www.mining.com/rio-tinto-cuts-about-2000-jobs-at-oyu-tolgoi-report-96526/?utm_source=digest-en-mining-130814&utm_medium=email&utm_campaign=digest.
Mongolia mulls IPO of stake in $6.6bn Rio copper mine
A proposed new company would hold the state’s 34 percent interest, said Chuluuntseren Otgochuluu, director-general of Strategic Policy and Planning at the Mines Ministry.
See http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=200549&sn=Detail.
Mining the Gobi: The Battle for Mongolia’s Resources
http://www.spiegel.de/international/world/mining-the-gobi-desert-rio-tinto-and-mongolia-fight-over-profits-a-915021.html