Negotiations over the US$3 billion Oyu Tolgoi project, set to be developed by Ivanhoe Mines and Rio Tinto, have dragged on for years as the government seeks to formulate it as a model for obtaining sufficient revenue from its mineral resources in future.
Sealing the deal quickly is increasingly important if Mongolia hopes to realize its ambitions of becoming a mining powerhouse and take advantage of the next upturn in commodity prices, analysts say.
RSS