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Mongolia should honour Oyu Tolgoi investment agreement, McRae says

August 30, 2012 - 12:44 GMT Location: Ulaanbaatar

KEYWORDS: Oyu Tolgoi , McRae , Cameron McRae

Oyu Tolgoi's investment agreement with the Mongolian government is the foundation of a stable partnership, Cameron McRae, president and ceo of the company said.

The comment came in response to the recent renegotiation remarks made by the country’s new mining minster Davajav Ganhuyag. "Those voices that call for a renegotiation fail to realise the true benefits of this deal," McRae told delegates at the Discover Mongolia Forum held in Ulaanbaatar. The government of Mongolia signed an investment agreement with Rio Tinto and Turquoise Hill,...

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