PERTH, AUSTRALIA, Nov 06 (MARKET WIRE) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- At last it
looks like the Mongolian government will finally approve the plans of
Ivanhoe Mines Limited (NYSE:IVN) (Vancouver, British Columbia) and Rio
Tinto plc (NYSE:RTP) (London, England) to develop the huge Oyu Tolgoi
copper/gold project. Or perhaps more correctly, Ivanhoe and Rio Tinto
have finally been able to negotiate conditions under which they are
prepared to commit the estimated US $1.15 billion required. However, is
all as it seems? Commentators familiar with the complicated politics of
this region are not so sure. Some believe, and probably for good reason,
that both Moscow and Beijing, Mongolia's immediate neighbours that
account for 60% of Mongolia's export revenue, are very interested in
evicting Western interests from Mongolia -- or at least freezing them so
that if they don't benefit, nobody benefits. Other questions have been
raised about the ability of Mongolia to invest in infrastructure and the
country's previous treatment of foreign investors.
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