2021 – Rising costs force renegotiation of Oyu Tolgoi

The Oyu Tolgoi mine was predicted to become a key driver of the Mongolian economy with its copper and gold production accounting for a third of Mongolia’s GDP by 2021. Instead, the Mongolian government has missed out on over US$200 million in taxes while the expansion...

2012/2013 – Herders file complaints against Oyu Tolgoi mine

In October 2012, a group of nomadic herders affected by the Oyu Tolgoi mine file a complaint to the Complaint Ombudsman Advisory (CAO) of the International Finance Corporation’s – one of the primary lenders for the mine. The complaint revolves around the...

2009 – Rio Tinto avoids taxes for Oyu Tolgoi mine

After years of negotiation with the Mongolian government, Rio Tinto signs an investment agreement for the Oyu Tolgoi mine. One of the key issues for Rio Tinto had been the recently introduced windfall profit tax for mining companies, and the company only invests once...