Mongolia Allows Gold Mining to Restart
Earlier this week, Mongolia’s parliament announced that it was permitting the Mongolian government re-open talks with international mining companies about the Oyu Tolgoi gold and copper mine and the Tavan Tolgoi coal deposits.
Potential investors include Ivanhoe Mines and Rio Tinto, claim that an agreement on the Oyu Tolgoi gold mine would increase Mongolia’s GDP by 34%.
